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    Gerald Frd Dr & Portola Ave Palm Desert, CA 92211

    Sponsored
    For Sale
    Contact for pricing

    3.61 Acres, 28+ Unit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 0 Gerald Frd Dr & Portola Ave

    General Information

    Property type
    Land
    Lot Size
    157,252 SF

    HighLights

    • Palm Desert, CA (Coachella Valley) location.
    • Prime corner lot at Gerald Ford Drive & Portola Avenue.
    • Near Shadow Ridge Golf Course and Marriott Resort.
    • 3.61‑acre parcel.
    • Suburban zoning: 8 dwelling units per acre.
    • Unentitled land.
    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

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    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
    Request Owner's contact information
    Gerald Frd Dr & Portola Ave Palm Desert, CA 92211
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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
    Gerald Frd Dr & Portola Ave Palm Desert, CA 92211
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