Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    70th Of Cleveland St Mecca, CA 92254
    Back to Search
    Property profile & analytics

    70th Of Cleveland St, Mecca, CA 92254

    View on Map
    • Land
    • 69.45 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 70th Of Cleveland St

    Lot size
    69.45 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 69.45-acre agricultural property, located in Mecca, California (Riverside County, zip code 92254), presents a unique investment opportunity. Situated on 70th Ave East of Cleveland Street, this high-quality row crop farm benefits from the Coachella Valley's unique climate, enabling early-season harvests. Currently leased to a tenant growing peppers at $1,100/acre (lease expiring June 30, 2024), the farm boasts excellent infrastructure for high-value row crop production or conversion to permanent plantings (citrus, dates, vineyards). The property features affordable water from the Coachella Valley Water District (CVWD) delivered via a district meter, reservoir, filter station, and efficient mainline drip irrigation system. Zoned A-1-10

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mecca
    County
    Riverside
    State
    California
    Longitude
    -115.963
    Latitude
    33.5369

    Comparable in this City

    • Value Estimation by Request
      162.43 Acres

      111 Of Cleveland St

      Farms
      111 Of Cleveland St, Mecca, CA 92254
      View Details
    • Value Estimation by Request
      79.77 Acres

      Cleveland St

      Farms
      0 Cleveland St, Thermal, CA 92254
      View Details
    • Value Estimation by Request
      81.00 Acres

      91666 62 Ave

      Farms
      91666 62 Ave, Mecca, CA 92254
      View Details
    • Value Estimation by Request
      132.29 Acres

      Ca-111

      Farms
      0 Ca-111, Mecca, CA 92254
      View Details
    • Value Estimation by Request
      242.10 Acres

      Johnson St

      Farms
      0 Johnson St, Mecca, CA 92254
      View Details
    • Value Estimation by Request
      162.43 Acres

      111 Of Cleveland St

      Farms
      111 Of Cleveland St, Mecca, CA 92254
      View Details

    Similar Nearby for Sale

    • $5,326,200
      242.10 Acres

      Mecca Farmland: 242 Acres

      Prime farmland, Coachella Valley.
      0 Johnson St, Mecca, CA 92254
      View Details
    • $2,980,000
      486.00 Acres

      Mecca Hunting Ranch: 486 Acres

      Prime Hunting & Recreation Land near Salton Sea
      0 Buchanan, Mecca, CA 92254
      View Details
    • $2,310,975
      102.71 Acres

      102.71 Acres in Mecca, CA

      102.71 acres of farmland with reservoir and drip irrigation.
      Grant St & Hammond Rd, Mecca, CA 92254
      View Details
    • Contact for pricing
      3,484,800 SF

      80 Acres Mecca Ranch Land

      80 acres of open land with water and irrigation.
      93601 64 Ave, Mecca, CA 92254
      View Details
    • Contact for pricing

      Agricultural Land with Greenhouse Potential

      80-acre agricultural property with existing greenhouse structures near Salton Sea.
      93751 71St Ave, Mecca, CA 92254
      View Details
    • $1,000,000
      Pending

      40 Acres of Farmland

      40 acres of lemons and prime vegetable ground for sale.
      67 Wheeler St & Ave, Mecca, CA 92254
      View Details
    Request Owner's contact information
    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.
    70th Of Cleveland St
    Mecca, CA 92254
    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
    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

    Thank You for Inquiry
    70th Of Cleveland St, Mecca, CA, 92254
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!