Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Palm Canyon Drive Commercial Lot Title is generated by Realmo AI

    3-42 Palm Canyon Drive, Borrego Springs, CA 92004

    View on Map
    Claim this Listing
    For Sale
    $99,000

    3.42 acre commercial lot on Palm Canyon Drive.

    Type:Land Lot
    Lot size:
    3.42 Acres
    Added:
    Jun 3, 2025
    Days on Market:
    368
    Last Refresh:
    Mar 13 at 6:24 pm

    Property Features for 3-42 Palm Canyon Drive

    General Information

    Standard status
    Active
    Lot size
    3.42 Acres
    Property subtype
    Land Lot

    We can help!

    Listing Contact
    Sylvana Meeks

    Listing agent Sylvana Meeks License #01455729

    Listing office Coldwell Banker Borrego

    Listing date Jun 3, 2025

    Source Compass

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Borrego

    HighLights

    • 3.42 acre commercial lot, perfect for development.
    • Located on Palm Canyon Drive, offering high visibility.
    • Next to Borrego Holiday Homes.
    • Close to The Courts Anza‑Borrego.
    • In proximity to Oasis Inn.
    • Near Borrego Valley Inn.

    Overview

    This is a 3.42-acre commercial lot situated on Palm Canyon Drive. The property is located next to Borrego Holiday Homes and is in close proximity to The Courts Anza-Borrego, Oasis Inn, and Borrego Valley Inn.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Borrego Springs
    County
    San Diego
    State
    California
    Longitude
    -116.4103542
    Latitude
    33.2463168

    Nearby Similar for Sale

    • $325,000
      1,688 SF

      Borrego Springs Multifamily Investment Property

      Multifamily property with long-term renters, close to town.
      2701 Double O Rd, Borrego Springs, CA 92004
      View Details
    • $1,900,000

      Massive Vacant Land Near Golf

      271.41 acres of vacant land near De Anza golf course.
      Santa Rosa Rd, Borrego Springs, CA 92004
      View Details
    • $350,000
      1,730 SF

      Borrego Springs Income Property

      Income property on a quiet cul-de-sac street.
      2610-2612 Double O RD, Borrego Springs, CA 92004
      View Details
    • $1,000,000

      Expansive Borrego Springs Investment Opportunity

      64.69-acre vacant land parcel near resorts and Anza-Borrego Desert State Park.
      4801 Borrego Springs Road, Borrego Springs, CA 92004
      View Details
    • $22,800

      Borrego Springs Home Site Land

      1.02 acre home site with mountain views.
      78 Broken Arrow, Borrego Springs, CA 92004
      View Details
    • $500,000

      Borrego Springs Flat Splittable Land

      20.5 acres suitable for single-family homes or solar site.
      Santa Ros Rpad, Borrego Springs, CA 92004
      View Details
    • $125,000

      20 Acres Recreational Land

      20 acres of recreational land in Ocotillo Wells, CA.
      Split Mountain Rd, Borrego Springs, CA 92004
      View Details
    • $53,000

      Commercial Land in Borrego Springs

      2.5-acre commercial parcel near La Casa del Zorro Resort.
      0 Yaqui Pass Road, Borrego Springs, CA 92004
      View Details
    • $19,500

      Borrego Springs Land with Views

      1.26 acre lot near resort with utilities and views.
      1.26 acres Indigo Lane, Borrego Springs, CA 92004
      View Details
    • $25,000

      Borrego Springs Vacant Land

      Expansive lot in Dark Sky Community with mountain views.
      Borrego Springs, Borrego Springs, CA 92004
      View Details
    • $35,000

      Commercial Land Near Resort Hotel

      Commercial land with potential, near La Casa del Zorro.
      0 Yaqui Pass Road, Borrego Springs, CA 92004
      View Details
    • $7,500

      LAND - Borrego Springs, CA

      Frying Pan Rd, Borrego Springs, CA 92004
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.42 acre commercial lot on Palm Canyon Drive.
    Where is this commercial land located?
    The property is located at 3-42 Palm Canyon Drive Borrego Springs, CA.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: 3.42 acre commercial lot, perfect for development.; Located on Palm Canyon Drive, offering high visibility.; Next to Borrego Holiday Homes.
    (760) 207-9189
    We can help!
    Listing Contact
    Sylvana Meeks
    Real Estate License ID: 01455729
    Learn More
    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
    3-42 Palm Canyon Drive, Borrego Springs, CA 92004
    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!