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    62Nd Ave Thermal, CA 92274

    Sponsored
    For Sale
    $3,375,000

    Prime Agricultural Land, Abundant Water

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 75-acre agricultural property in Thermal, California, presents a unique investment opportunity. Located in Riverside County, with APN 757-310-018, this land boasts approximately 5,942 organic date trees. The property is zoned A-2-10 (Heavy Ag, 10-acre minimum lot size), offering flexibility for various agricultural uses. Enjoy convenient access to Expressway 86, proximity to The Thermal Club (1.5 miles) and Jacqueline Cochran Regional Airport (2 miles). Benefit from the location within an Opportunity Zone, potentially unlocking significant tax advantages. The property enjoys access to affordable and abundant irrigation water from the Coachella Valley Water District (CVWD), boasting some of the lowest water rates in California. This is an ideal investment for those seeking established agricultural land with excellent infrastructure and potential for growth. Detailed information, including a brochure and offering memorandum, is available. The asking price is $3,375,000.

    Property Features for 0 62Nd Ave

    General Information

    Property type
    Farms
    Lot Size
    3,267,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Thermal
    County
    Riverside
    State
    California
    Longitude
    -116.11940019134
    Latitude
    33.598586328779

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    FAQs

    What type of property is this?
    Farm - Prime Agricultural Land, Abundant Water
    Where is this farm located?
    The property is located at 62Nd Ave Thermal, CA.
    What is the asking price?
    The asking price for this property is $3,375,000.
    Request Owner's contact information
    62Nd 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
    62Nd Ave Thermal, CA 92274
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