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Property profile & analytics
OFF-MARKET
Land

89800 Ave Thermal, CA 92274

56.15 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 56.15-acre agricultural property in Thermal, California, presents a unique investment opportunity. Located at 89800 Avenue 58, Riverside County, CA 92274 (APN 757-190-(007, 009)), the land is currently enrolled in the Coachella Valley Water District's (CVWD) fallowing program through 2026, offering potential income exceeding $1,000 per acre annually. Previously used for lemon cultivation, the cleared land is now ready for high-value vegetable crops or permanent plantings. The property benefits from a reliable water supply via the CVWD water and reservoir system, complete with a filter station. Significant property tax savings are realized through an existing Agricultural Preserve Contract. This expansive parcel offers a compelling combination of agricultural potential and substantial passive income generation, making it an attractive proposition for both experienced farmers and astute investors seeking a stable, income-producing asset in a prime agricultural location. The property's latitude and longitude coordinates are 33.628724, -116.099014 respectively.

Property profile
Verified
Property type Land
Lot 56.15 ac (2,445,894 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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