Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15Th Ave Desert Hot Springs, CA 92240

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.26-acre I-L zoned lot, $175,000

    Property Features for 0 15Th Ave

    General Information

    Property type
    Land
    Lot Size
    54,886 SF

    We can help!

    Listing Contact
    Paula Turner
    Paula Turner

    Listing Agency: Desert Pacific Properties Listing Agent: Paula Turner

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

    Learn more

    Overview

    This exceptional 1.26-acre commercial land parcel is situated in the desirable Desert Hot Springs Industrial Park, northeast of the intersection of Cabot Road and 15th Avenue (APN: 665-070-011 665-050-018). Zoned I-L (Light Industrial), this property presents a unique opportunity within a thriving cannabis zone. Located in Riverside County, CA (zip code 92240), this land offers a compelling investment prospect at a price of $175,000, translating to $3.27 per square foot. The property benefits from its proximity to Palm Springs and convenient access to Interstate 10, providing excellent connectivity to the entire Southern California region. While a previous Conditional Use Permit (CUP 31) has expired, the site boasts a proposed project plan encompassing a substantial 35,777 square foot, two-story building. This proposed design includes dedicated spaces for office/administration (2,463 sq ft), cultivation (29,215 sq ft), and processing (4,099 sq ft). A significant advantage is the absence of manufacturing tax within Desert Hot Springs, making this a financially attractive location. Desert Hot Springs is recognized as a leading cannabis cultivation hub in Southern California, with over 1,400 acres zoned for unlimited cannabis cultivation, extraction, and manufacturing with CUP. This property represents one of the most competitively priced parcels within this dynamic zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Desert Hot Springs
    County
    Riverside
    State
    California
    Longitude
    -116.5208648
    Latitude
    33.9394791

    Nearby Similar for Sale

    • $450,000
      1,960 SF

      Desert Hot Springs Commercial Building

      Improved commercial property suitable for retail, medical office, or dispensary.
      11555 Palm Dr, Desert Hot Springs, CA 92240
      View Details
    • $99,900
      2,400 SF

      Desert Hot Springs Business Opportunity

      Business opportunity with equipment near the 10 Freeway.
      13945 N Indian Canyon Dr, Desert Hot Springs, CA 92258
      View Details
    • $446,000
      1,500 SF

      Desert Hot Springs Income Property

      Fully occupied triplex with updated units and strong rental demand.
      66338 2Nd St, Desert Hot Springs, CA 92240
      View Details
    • $660,000
      2,835 SF

      Desert Hot Springs Duplex Opportunity

      Well-maintained duplex with move-in ready unit near Palm Springs.
      66780 Crescent Dr, Desert Hot Springs, CA 92240
      View Details
    • $394,000
      952 SF

      Desert Hot Springs Income Duplex

      Investment duplex with rental income in Desert Hot Springs, CA.
      66385 Cahuilla Ave, Desert Hot Springs, CA 92240
      View Details
    • $799,000
      2,188 SF

      Desert Hot Springs Income Property

      Fourplex with studio, mineral water well, and swimming pool.
      67780 Arena Blanca Rd, Desert Hot Springs, CA 92240
      View Details
    • $385,000
      1,257 SF

      Desert Hot Springs Income Property

      Residential income property with main house and detached casita.
      16575 Via Montana, Desert Hot Springs, CA 92240
      View Details
    • $345,000
      1,416 SF

      Desert Hot Springs Income Property

      Well-maintained 3 bed, 2 bath home with reliable tenant.
      66467 7Th St, Desert Hot Springs, CA 92240
      View Details
    • $495,000
      2,040 SF

      Vacant Commercial Building For Sale

      Vacant commercial building in Desert Hot Springs, ready for occupancy.
      66201 Pierson Blvd, Desert Hot Springs, CA 92240
      View Details
    • $1,500,000
      7,455 SF

      Desert Hot Springs Multifamily Investment

      Multifamily property with eight units near I-10 freeway.
      13405 Ocotillo Rd, Desert Hot Springs, CA 92240
      View Details
    • $1,500,000
      7,455 SF

      Desert Hot Springs Multifamily Investment

      Multifamily property with eight units near I-10 freeway.
      13405 Ocotillo Rd, Desert Hot Springs, CA 92240
      View Details
    • $899,000

      Hospitality Property in Desert Hot Springs

      City block zoned for hospitality with hot mineral water.
      11083 Palm Dr, Desert Hot Springs, CA 92240
      View Details

    FAQs

    What type of property is this?
    Land - 1.26-acre I-L zoned lot, $175,000
    Where is this land located?
    The property is located at 15Th Ave Desert Hot Springs, CA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Expired CUP.; Proposed 35,777 SF two-story cantilever building.; Office/Admin: 2,463 SF; Cultivation: 29,215 SF; Processing: 4,099 SF.
    (760) 360-8200 Call to check price and availability
    Request Owner's contact information
    15Th Ave Desert Hot Springs, CA 92240
    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.
    15Th Ave
    Desert Hot Springs, CA 92240
    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
    15Th Ave Desert Hot Springs, CA 92240
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Paula Turner
    Paula Turner
    Real Estate License ID: 00702492
    (760) 360-8200 (760) 578-6564 (760) 766-0511
    Learn more
    Google sign-in failed. Please try again or use another login method.