Property profile

0 Diamond Bar Rd Borrego Springs, CA 92277

OFF-MARKET
Land
4.15 ac lot
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Property summary

AI-generated overview

This exceptional 4.15-acre parcel, located at the corner of Diamond Bar Road and Feldspar Road in 29 Palms, California (zip code 92277), presents a unique opportunity for development. Situated approximately one mile outside the 29 Palms town limits, this flat, buildable lot boasts commanding views of the surrounding mountains. The property is zoned VL/RL, offering a wide range of potential uses including residential construction, accessory dwelling units (ADUs), guest housing, recreational vehicle use, agricultural pursuits (agritourism, nurseries), and even alternative energy production. The location provides convenient access to the Victorville/Hesperia/Apple Valley metro area and popular mountain resorts like Big Bear and Lake Arrowhead. The Lucerne Valley area is experiencing significant growth due to its affordability and proximity to major Southern California areas. While not within the 29 Palms community proper, this property shares the same zip code and benefits from its proximity to amenities. The asking price for this expansive and versatile land is $15,000. This represents a compelling investment opportunity in a rapidly developing region. Potential uses also include, but are not limited to: lodging (e.g., bed and breakfasts), residential care facilities, private gun clubs, equestrian/livestock operations, wireless communication facilities, medical uses (e.g., rehabilitation centers), recycling facilities, and storage/warehouse facilities.

Property profile

Verified
Property type Land
Lot 4.15 ac (180,774 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Diamond Bar Rd Borrego Springs, CA 92277
Borrego Springs metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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