Property profile

0 Gerald Frd Dr & Portola Ave Palm Desert, CA 92211

OFF-MARKET
Land
3.61 ac lot
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Property summary

AI-generated overview

This exceptional 3.61-acre parcel presents a remarkable development opportunity in the highly desirable Palm Desert, California market. Located at the intersection of Gerald Ford Drive and Portola Avenue, this unentitled land boasts a prime location within a conventional suburban neighborhood, zoned for up to eight dwelling units per acre, allowing for the potential construction of approximately 28 residential units. The property is unimproved, offering a blank canvas for a variety of residential projects, including apartments, condominiums, townhomes, or single-family homes. Its strategic location offers easy access to area landmarks such as the Shadow Ridge Golf Course and the Marriott Resort, enhancing its appeal and potential value. The site is situated adjacent to Gerald Ford and Portola, with Shepard Lane bisecting the property. The property's address is clearly identified as Gerald Ford Drive & Portola Avenue, Palm Desert, CA 92211, within Riverside County. The Assessor's Parcel Number (APN) is 694-300-004. This presents a unique chance to capitalize on the strong demand for residential properties in this sought-after Coachella Valley location. Offers are considered as submitted.

Property profile

Verified
Property type Land
Lot 3.61 ac (157,252 SF)

Cap rate & NOI

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

Location

Gerald Frd Dr & Portola Ave Palm Desert, CA 92211
Palm Desert metro
Google Maps

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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