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    74 Pierce St & Ave Thermal, CA 92274

    Sponsored
    For Sale
    $26,393,250

    1,055 Acres, Expressway 86 frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 1,055.73-acre agricultural property in Thermal, California, boasts a prime location with half a mile of frontage on Expressway 86. Currently utilized as farmland and a date ranch, this land benefits from an ideal climate for first-to-market crops and an abundant, low-cost water supply provided by the Coachella Valley Water District. The property is situated within an Opportunity Zone, offering significant tax incentives for investors. Low property taxes are ensured through the Williamson Act. The Riverside County General Plan designates potential future uses including a Business Park, Medium Density Residential, and Commercial development, presenting diverse investment opportunities. The property's APN is 749-260-004, 005, 749-270-004, 005, 755-142-005, 006, 014 and is zoned A-1-10 (Light Ag, 10-acre minimum lot size). Located just 40 miles from Palm Springs and 75 miles from the Mexicali Trade Area – a burgeoning export hub for various industries – this property offers unparalleled potential for growth and return. The address is Pierce St & Ave 74, Thermal, CA 92274.

    Property Features for 74 Pierce St & Ave

    General Information

    Property type
    Farms
    Lot Size
    45,987,599 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Thermal
    County
    Riverside
    State
    California
    Longitude
    -116.11276068301
    Latitude
    33.510754165572

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    FAQs

    What type of property is this?
    Farm - 1,055 Acres, Expressway 86 frontage
    Where is this farm located?
    The property is located at 74 Pierce St & Ave Thermal, CA.
    What is the asking price?
    The asking price for this property is $26,393,250.
    Request Owner's contact information
    74 Pierce St & Ave Thermal, CA 92274
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    Thermal, CA 92274
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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
    74 Pierce St & Ave Thermal, CA 92274
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