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    24511 Rice Rd Desert Center, CA 92239

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    24511 Rice Rd Desert Center, CA 92239

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    • Land
    • 88.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 24511 Rice Rd

    Lot size
    88.10 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 88.1-acre property in Desert Center, CA (APN 811-130-011), presents a unique turnkey investment opportunity. The property boasts a thriving fish farm and a substantial date orchard, generating a reported $870,000 in annual sales and a net income of $610,000, yielding a pro-forma cap rate of 13.56%. The fish farm comprises eight large in-ground ponds (approximately 2.5 acres each), equipped with a paddlewheel aeration system and currently stocked with 180,000 silver carp and catfish. All fish are included in the sale. The date orchard features over 1,000 trees on a flood irrigation system, with approximately 25 acres of undeveloped land available for expansion. The sale includes over $800,000 worth of farm equipment, encompassing trucks, tractors, bulldozers, excavators, backhoes, trailers, plows, and freezer containers. A full-time employee residing on the property is also part of the operation. The property is further enhanced by 320 solar panels with a Southern California Edison net metering agreement. Located conveniently halfway between Los Angeles and Phoenix, this property benefits from its proximity to the Athos solar farm and Chuckwalla Valley Raceway/Airport. Utilities include on-site electric, a septic system, and a well with a large storage tank. The property is zoned W-2-10, with an OS-RUR (Open Space - Rural) General Plan designation. The sale is cash only. Owner training is available. This is a rare opportunity to acquire a highly profitable, established agricultural and commercial operation in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Desert Center
    County
    Riverside
    State
    California
    Longitude
    -115.336
    Latitude
    33.7645

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      VACANT COMMERCIAL LAND • 10.86 Acres
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    Similar Nearby for Sale

    • Contact for pricing

      Turnkey Fish Farm Opportunity

      Profitable fish farm with equipment, solar, and expansion potential.
      24511 Rice Rd, Desert Center, CA 92239
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      Turnkey Fish Farm Opportunity

      88-acre fish farm with equipment and solar panels.
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      Turnkey Fish Farm For Sale

      Established fish farm with date trees and solar panels.
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      Turnkey Fish Farm Opportunity

      Established fish farm with equipment, solar, and expansion potential.
      24511 Rice Rd, Desert Center, CA 92239
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      Certified Organic Fruit and Fish Farm

      112-acre certified organic farm with greenhouses and fish production.
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    Desert Center, CA 92239
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    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
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