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    I-10 Logistics Corridor Palm Springs, CA 92282

    Sponsored
    For Sale
    $9,312,475

    Exceptional development opportunity in Palm Springs.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This expansive 71.5-acre parcel, located in the City of Whitewater, Riverside County, California (APN 516-090-005), presents a remarkable investment opportunity. Situated on the south side of Interstate 10 at Exit 114, this property boasts unparalleled access to major transportation arteries, with an impressive daily traffic count of 176,000 vehicles. Zoned O-5, the land is ideally suited for a variety of commercial developments, including distribution centers, fulfillment centers, or cannabis facilities. Its strategic location also makes it an attractive site for an outlet mall or other freeway-adjacent commercial ventures. The asking price is $9,312,475, translating to a land value of $2.99 per square foot. This represents a unique chance to capitalize on the burgeoning growth in the Palm Springs/Coachella Valley area, particularly given its proximity to the first full Palm Springs/Coachella I-10 interchange coming from Los Angeles. The property's size and location offer significant potential for substantial returns. This is a rare opportunity to acquire a large, strategically located parcel in a high-growth area. Don't miss out on this exceptional investment prospect.

    Property Features for I-10 Logistics Corridor

    General Information

    Property type
    Land
    Lot Size
    3,114,540 SF

    HighLights

    • $9,312,475 asking price for 71.5 acres of commercial land.
    • Located in Whitewater, CA, in the I‑10 Logistics Corridor, near Palm Springs.
    • O‑5 zoning.
    • $2.99/SF land value.
    • APN: 516‑090‑005.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Springs
    County
    Riverside
    State
    California
    Longitude
    -116.6543595
    Latitude
    33.9100592

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    FAQs

    What type of property is this?
    Land - Exceptional development opportunity in Palm Springs.
    Where is this land located?
    The property is located at I-10 Logistics Corridor Palm Springs, CA.
    What is the asking price?
    The asking price for this property is $9,312,475.
    What are key features of this property?
    This property features: $9,312,475 asking price for 71.5 acres of commercial land.; Located in Whitewater, CA, in the I-10 Logistics Corridor, near Palm Springs.; O-5 zoning.
    (760) 360-8200
    Request Owner's contact information
    I-10 Logistics Corridor Palm Springs, CA 92282
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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
    I-10 Logistics Corridor Palm Springs, CA 92282
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