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    14.62 Ac Little Morongo Rd Desert Hot Springs, CA 92240

    Sponsored
    For Sale
    $1,450,000

    14.62 Acres, I-L Zoning, Cannabis Permitted

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 14.62-acre parcel presents a unique investment opportunity in the thriving Desert Hot Springs industrial corridor. Zoned I-L (Light Industrial), the property allows for a diverse range of uses, including outside storage and crucially, cannabis cultivation, manufacturing, and distribution. Its prime location offers easy access to major transportation routes, streamlining logistics and operations. The property's designation within an Opportunity Zone provides significant tax advantages for investors, allowing for the deferral of capital gains taxes within industrial zones. Desert Hot Springs' business-friendly environment, boasting an average 10-day turnaround on plan checks, ensures a streamlined development process. The property's size and zoning make it ideal for large-scale industrial projects or a multi-faceted operation. The asking price is $1,450,000. The Assessor's Parcel Number (APN) is 663-270-005. This is a rare opportunity to acquire a substantial industrial land holding in a rapidly growing area with significant potential for future appreciation. The property is located at 14.62 ac Little Morongo Rd, Desert Hot Springs, CA 92240.

    Property Features for 0 14.62 Ac Little Morongo Rd

    General Information

    Property type
    Land
    Lot Size
    636,847 SF

    HighLights

    • $1,450,000 asking price for 14.62 acres of industrial land.
    • Located in Desert Hot Springs, CA, APN 663‑270‑005.
    • I‑L (Light Industrial) zoning permitting cannabis cultivation, manufacturing, and distribution, plus outside storage.
    • Situated in Desert Hot Springs' industrial corridor, a business‑friendly city with fast plan check turnaround.
    • Located in an Opportunity Zone, offering capital gains tax deferral benefits.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Desert Hot Springs
    County
    Riverside
    State
    California
    Longitude
    -116.5274149
    Latitude
    33.9460717

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    FAQs

    What type of property is this?
    Land - 14.62 Acres, I-L Zoning, Cannabis Permitted
    Where is this land located?
    The property is located at 14.62 Ac Little Morongo Rd Desert Hot Springs, CA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: $1,450,000 asking price for 14.62 acres of industrial land.; Located in Desert Hot Springs, CA, APN 663-270-005.; I-L (Light Industrial) zoning permitting cannabis cultivation, manufacturing, and distribution, plus outside storage.
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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
    14.62 Ac Little Morongo Rd Desert Hot Springs, CA 92240
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