Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot Near Salton Sea Title is generated by Realmo AI

    2534 Rainbow Dr, Salton City, CA 92274

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Salton City, CA

    Lot size:
    0.25 Acres
    Added:
    Aug 27, 2025
    Days on Market:
    275
    Last Refresh:
    May 28 at 12:06 pm

    Property Features for 2534 Rainbow Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R2
    Standard status
    Active
    APN
    010-464-006-000
    Lot size
    0.25 Acres

    We can help!

    Listing Contact
    Michelle Gold
    Michelle Gold

    Listing agent Michelle Gold License #01042978

    Listing office Desert Gold Properties Inc. 32742 Lamtarra Loop, Menifee, CA

    Listing date Aug 27, 2025

    MLS# 25584483IC Listing URL

    Copyright © 2026 Imperial County Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    This is a residential lot located in Salton City, California, situated close to the Salton Sea/lake. The property features a lot size of 10,796 square feet and is zoned R2. The land is owned outright, and there are no Homeowners Association fees. Utilities are located close by in the street and rear of the property. The area is known for its winter weather. The location benefits from lower Imperial Irrigation District electric rates. The area is growing in popularity due to lithium and geothermal activity, as well as permanent residential sales, offering affordable land and homes near desert cities such as Palm Springs, Indio, Coachella, Brawley, and El Centro. The Assessor's Parcel Number is 010-464-006.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Salton City
    County
    Imperial
    State
    California
    Longitude
    -115.941176
    Latitude
    33.311949

    Nearby Similar for Sale

    • $1,300,000

      Prime Highway Frontage Corner Lot

      1.03 acre commercial corner lot with highway frontage.
      2049 Thomas R Cannell Road, Salton City, CA 92275
      View Details
    • $199,000

      Industrial Land in Salton City

      1.32 acres of M-2 zoned land for sale.
      2288 Cleveland Ave, Salton City, CA 92274
      View Details
    • $120,000

      Salton City Commercial Land

      Large commercial lot near Hwy 86 in Salton City.
      2090 Thomas R Cannell Road, Salton City, CA 92275
      View Details
    • $120,000

      Commercial Land on Highway 86

      Large commercial lot with highway frontage in Salton City.
      2072 Thomas R Cannell Road, Salton City, CA 92275
      View Details
    • $9,000

      Residential Lot in Salton City

      Large vacant residential lot near amenities and the Salton Sea.
      2761 Michigan Avenue, Salton City, CA 92274
      View Details
    • $9,500

      Residential Lot in Salton City

      Vacant residential lot, build your dream home!
      2571 Atlantic Blvd, Salton City, CA 92274
      View Details
    • $24,900

      Residential Lot in Salton City

      Oversized vacant residential lot, ideal for building a dream home.
      1420 S Marina Dr, Salton City, CA 92274
      View Details
    • $14,777

      Residential Lot in Salton City

      Vacant residential lot, close to amenities, ideal for building.
      2253 California Dr, Salton City, CA 92274
      View Details
    • $1,350,000

      Prime Corner Lot in Salton

      Last commercial highway corner in Salton Sea, ideal for development.
      Harvard Avenue, Salton City, CA 92275
      View Details
    • $90,000

      Salton City Land with Views

      9-acre land in Salton City with mountain and sea views.
      13 No Name, Salton City, CA 92275
      View Details
    • $9,500

      Residential Lot in Salton City

      Large residential lot in Salton City, California.
      2525 Sea Port Ave, Salton City, CA 92274
      View Details
    • $40,000

      Commercial Land in Salton City

      Corner lot in Salton City, zoned for commercial use.
      2109 Salton St, Salton City, CA 92275
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large residential lot near Salton Sea with utilities nearby.
    Where is this residential land & home lot located?
    The property is located at 2534 Rainbow Dr Salton City, CA.
    What is the asking price?
    The asking price for this property is Off market.
    (760) 285-6271
    We can help!
    Listing Contact
    Michelle Gold
    Michelle Gold
    Real Estate License ID: 01042978
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2534 Rainbow Dr, Salton City, CA 92274
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!