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    69930 Ca-111 Rancho Mirage, CA 92270

    For Sale
    $1,250,000

    Two pads, Highway 111 frontage.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional commercial land offering presents two fully improved pads totaling approximately 15,000 to 35,000 square feet, ideally suited for a variety of development opportunities. Located on Highway 111 in Rancho Mirage, California, this prime property boasts excellent visibility and accessibility. The two pads are available for sale individually or together, presenting a flexible investment opportunity. Pad one, with APN 689-040-025, encompasses approximately 0.37 acres and is priced at $675,000. Pad two, APN 689-040-026, comprises approximately 0.72 acres and is listed at $575,000. The combined asking price for both pads is $1,250,000. This location in Riverside County, zip code 92270, offers significant potential for office, medical, retail, or restaurant development. The property's strategic placement along a major thoroughfare ensures high traffic volume and strong visibility, making it an attractive investment for both developers and businesses seeking a prominent location in Rancho Mirage. The addresses are 69930 CA-111 and 69932 CA-111. This fee-simple ownership opportunity provides a rare chance to acquire a well-positioned commercial property in a thriving California market.

    Property Features for 69930 Ca-111

    General Information

    Property type
    Land

    HighLights

    • High‑visibility pads on Highway 111, Rancho Mirage, CA.
    • Two buildable lots with Highway 111 frontage in Rancho Mirage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rancho Mirage
    County
    Riverside
    State
    California
    Longitude
    -116.44589905257
    Latitude
    33.768780563767

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    FAQs

    What type of property is this?
    Land - Two pads, Highway 111 frontage.
    Where is this land located?
    The property is located at 69930 Ca-111 Rancho Mirage, CA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: High-visibility pads on Highway 111, Rancho Mirage, CA.; Two buildable lots with Highway 111 frontage in Rancho Mirage.;
    (760) 772-6400
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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
    69930 Ca-111 Rancho Mirage, CA 92270
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