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    63771 Monroe St Thermal, CA 92274

    For Sale
    $3,450,000

    Profitable date farm with development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 32.48-acre agricultural property in Thermal, CA (APN 753080014), offers a unique blend of established income and future development potential. The property boasts a thriving date garden featuring 402 adult Medjool date palms, 250 young Medjool palms, 898 adult Deglet Noor palms, 277 medium Deglet Noor palms, and 600 young Deglet Noor palms. Efficient irrigation is ensured by a concrete-lined reservoir supplied with Colorado River water, supplemented by a well providing domestic water for the existing residence. This 2048 sq ft, three-bedroom, two-bathroom home currently generates $2000 per month in rental income. The property's Light Agriculture zoning, with a 10-acre minimum parcel size, presents a compelling opportunity for subdivision into three separate parcels. Its strategic location near prestigious country clubs like Andalusia, Trilogy, The Hideaway, and Madison Club, adds significant value and underscores its potential for future high-end development. The stunning views of the Santa Rosa Mountains further enhance the property's desirability. Offered at $3,450,000 ($113,916.26/acre). Located at 63771 Monroe St, Thermal, CA 92274.

    Property Features for 63771 Monroe St

    General Information

    Property type
    Farms
    Lot Size
    1,414,829 SF

    HighLights

    • $3,450,000 asking price for 32.48 acres of agricultural land.
    • Located at 63771 Monroe St, Thermal, CA 92274 (APN: 753080014).
    • Includes a 2,048 sq ft, three‑bedroom, two‑bathroom home currently rented for $2,000/month.
    • Features 402 adult Medjool date palms, 250 young Medjool palms, 898 adult Deglet palms, 277 medium Deglet palms, and 600 young Deglet palms.
    • Irrigation provided by a concrete‑lined reservoir supplied with Colorado River water; a well provides domestic water for the residence.
    • Light Agricultural zoning with a 10‑acre minimum parcel size, offering potential for subdivision.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Thermal
    County
    Riverside
    State
    California
    Longitude
    -116.2345201
    Latitude
    33.5870095

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    FAQs

    What type of property is this?
    Farm - Profitable date farm with development potential.
    Where is this farm located?
    The property is located at 63771 Monroe St Thermal, CA.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: $3,450,000 asking price for 32.48 acres of agricultural land.; Located at 63771 Monroe St, Thermal, CA 92274 (APN: 753080014).; Includes a 2,048 sq ft, three-bedroom, two-bathroom home currently rented for $2,000/month.
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    Thermal, CA 92274
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    Realmo Value Estimation

    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.

    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.

    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
    63771 Monroe St Thermal, CA 92274
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