Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Gerald Frd Dr & Portola Ave Palm Desert, CA 92211

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

    3.61 Acres, 28+ Unit Potential

    Property Features for 0 Gerald Frd Dr & Portola Ave

    General Information

    Property type
    Land
    Lot Size
    157,252 SF

    We can help!

    Listing Contact
    Erik Christianson
    Erik Christianson

    Listing Agent: Erik Christianson

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

    Learn more

    Overview

    This exceptional 3.61-acre parcel presents a remarkable development opportunity in the highly desirable Palm Desert, California market. Located at the intersection of Gerald Ford Drive and Portola Avenue, this unentitled land boasts a prime location within a conventional suburban neighborhood, zoned for up to eight dwelling units per acre, allowing for the potential construction of approximately 28 residential units. The property is unimproved, offering a blank canvas for a variety of residential projects, including apartments, condominiums, townhomes, or single-family homes. Its strategic location offers easy access to area landmarks such as the Shadow Ridge Golf Course and the Marriott Resort, enhancing its appeal and potential value. The site is situated adjacent to Gerald Ford and Portola, with Shepard Lane bisecting the property. The property's address is clearly identified as Gerald Ford Drive & Portola Avenue, Palm Desert, CA 92211, within Riverside County. The Assessor's Parcel Number (APN) is 694-300-004. This presents a unique chance to capitalize on the strong demand for residential properties in this sought-after Coachella Valley location. Offers are considered as submitted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.3708614
    Latitude
    33.787344

    Nearby Similar for Sale

    • $98,000
      754 SF

      Turnkey Hair Salon Opportunity

      Stylish, fully built-out hair salon in prime location for sale.
      73241 Highway 111, Palm Desert, CA 92260
      View Details
    • New
      $995,000
      3,046 SF

      Palm Desert Multifamily Investment Opportunity

      Three-unit property with a house and duplex on corner lot.
      44858 Santa Anita Ave, Palm Desert, CA 92260
      View Details
    • $1,725,000
      5,040 SF

      Updated Triplex Investment Opportunity

      Six-unit Palm Desert triplex with extensive renovations and stabilized income.
      44440 Acacia Dr, Palm Desert, CA 92260
      View Details
    • $9,999,999
      4 SF

      Multifamily Community in Palm Desert

      26-unit multifamily community with rental upside in a prime location.
      72805 Parkview Dr, Palm Desert, CA 92260
      View Details
    • $5,967,000
      19,123 SF

      Retail Property on Highway 111

      Retail space in the heart of Palm Desert.
      72261 Highway 111, Palm Desert, CA 92260
      View Details
    • $3,295,000
      5,582 SF

      Palm Desert Commercial Investment Opportunity

      Commercial property with high rental income potential in prime location.
      73338 Highway 111, Palm Desert, CA 92260
      View Details
    • $600,000
      40,253 SF

      Palm Desert Office Suites Available

      Office suites in central Palm Desert location, near I-10.
      41990 Cook St, Palm Desert, CA 92211
      View Details
    • $525,000
      1,391 SF

      Office/Showroom Condo in Palm Desert

      One-story office/showroom condo in Venture Commerce Center.
      73700 Dinah Shore Dr, Palm Desert, CA 92211
      View Details
    • $5,817,024
      5,285 SF

      Retail Center with Gas Station

      Well-maintained retail center with gas station in Palm Desert, CA.
      74478 Highway 111, Palm Desert, CA 92260
      View Details
    • $4,153,000
      12,870 SF

      Two-Story Professional Building For Sale

      Two-story professional building on nearly one acre available for purchase.
      74090 El Paseo, Palm Desert, CA 92260
      View Details
    • $1,070,000
      2,782 SF

      Highway 111 Stand-Alone Building

      Stand-alone building fronting Highway 111 with ample parking.
      73120 California 111, Palm Desert, CA 92260
      View Details
    • $1,550,000
      7,480 SF

      Industrial Building in Palm Desert

      Free-standing industrial building with spacious yard in Palm Desert.
      74850 42Nd Ave, Palm Desert, CA 92260
      View Details

    FAQs

    What type of property is this?
    Land - 3.61 Acres, 28+ Unit Potential
    Where is this land located?
    The property is located at Gerald Frd Dr & Portola Ave Palm Desert, CA.
    What are key features of this property?
    This property features: Palm Desert, CA (Coachella Valley) location.; Prime corner lot at Gerald Ford Drive & Portola Avenue.; Near Shadow Ridge Golf Course and Marriott Resort.
    (949) 553-2020 Call to check price and availability
    Request Owner's contact information
    Gerald Frd Dr & Portola Ave Palm Desert, CA 92211
    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.
    Gerald Frd Dr & Portola Ave
    Palm Desert, CA 92211
    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
    Gerald Frd Dr & Portola Ave Palm Desert, CA 92211
    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 Erik Christianson
    Erik Christianson
    Real Estate License ID: 01475105
    (949) 553-2020 (949) 910-7337
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!