0 Varner Rd Palm Desert, CA 92276
This exceptional 41-acre parcel in Thousand Palms, CA (APN 694-060-032), presents a unique investment opportunity. Priced at $499,000, this land is zoned for residential development and boasts pre-approval for 73 lots. Previously approved for a 55+ age-restricted community, this project benefits from its proximity to the established Tri-Palms Estates Country Club & Golf Course (27 holes), ensuring high demand. The location offers convenient access to major amenities, including the Desert Gateway Retail Center (Walmart, Sam's Club, etc.), the Agua Caliente Resort & Casino, and is just north of Palm Desert city limits, near a new 10,000-seat entertainment and hockey arena. The site's adjacency to the golf course is expected to command premium pricing for future homes. Palm Desert's thriving market, characterized by a growing population (50,417) and limited future land supply, makes this a compelling investment, particularly given the potential to cater to the underserved lower price point segment in a superior location. The property is sold AS-IS. The address is Varner Rd, Thousand Palms, CA 92276.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.