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    Van Der Veer @ 68 Rodeo, CA 94572

    Sponsored
    For Sale
    $8,500,000

    Agricultural Land, Abundant Water, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This expansive 430.85-acre agricultural property in Riverside County, California, presents a unique investment opportunity. Located near North Shore Salton Sea, the land boasts ample water resources, with an estimated 800 gallons per minute and a field-tested total dissolved solids (TDS) of 667. The property's strategic location within an Opportunity Zone unlocks diverse development possibilities, including residential uses. Existing and planned transmission lines, along with a nearby substation, provide significant renewable energy potential. The property includes fourteen parcels, with APNs 721-280-001 and 723-200-001 among them. The asking price is $8,500,000. This exceptional site is ideal for hemp cultivation and offers substantial long-term growth potential. The address is Van Der Veer @ 68th, Rodeo, CA 94572.

    Property Features for 0 Van Der Veer @ 68

    General Information

    Property type
    Farms
    Lot Size
    18,767,826 SF

    HighLights

    • Located in an Opportunity Zone.
    • Potential hemp farmland.
    • Abundant water resources: approx. 800 gpm, 667 TDS.
    • Renewable energy potential; on‑site transmission lines, new lines planned, and nearby substation.
    • Opportunity Zone designation allows for diverse development, including residential.
    • 14 parcels; APNs include 721‑280‑001 and 723‑200‑001.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rodeo
    County
    Riverside
    State
    California
    Longitude
    -122.2483726
    Latitude
    38.02923

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    FAQs

    What type of property is this?
    Farm - Agricultural Land, Abundant Water, Opportunity Zone
    Where is this farm located?
    The property is located at Van Der Veer @ 68 Rodeo, CA.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: Located in an Opportunity Zone.; Potential hemp farmland.; Abundant water resources: approx. 800 gpm, 667 TDS.
    Request Owner's contact information
    Van Der Veer @ 68 Rodeo, CA 94572
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    Rodeo, CA 94572
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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
    Van Der Veer @ 68 Rodeo, CA 94572
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