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    81St Ave Thermal, CA 92274
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    81St Ave, Thermal, CA 92274

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    • Land
    • 39.12 lot acres
    For Sale
    $1,369,200
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    Prime Thermal Date Ranch For Sale
    $1,369,200

    Prime Thermal Date Ranch

    39-Acre Organic Date Farm in Oasis, CA

    0 81St Ave, Thermal, CA 92274
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 81St Ave

    Lot size
    39.12 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 39.12-acre organic date ranch, located in the desirable Oasis community of Thermal, California, presents a unique investment opportunity. The property boasts approximately 2,548 date palm trees, including Deglet Noor, Zahidi, and exotic varieties. Situated in Riverside County (APN: 737-140-014, 015), this land is zoned W-2 (Controlled Development) and benefits from abundant and affordable Coachella Valley Water District (CVWD) irrigation water—one of the lowest rates in California. The Coachella Valley's early harvest season provides a significant advantage. This property is conveniently located near Expressway 86, offering easy access to transportation networks. Furthermore, its location within an Opportunity Zone presents potential tax incentives for qualified investors. The fertile soil and warm climate of Oasis contribute to high yields. This offering includes the option to purchase all or part of a larger portfolio of eight ranches, totaling 856.47 acres. Detailed information and financial documents are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thermal
    County
    Riverside
    State
    California
    Longitude
    -116.095
    Latitude
    33.4625

    Comparable in this City

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      77.70 Acres

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      2.10 Acres

      Jackson St

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    • Value Estimation by Request
      4.50 Acres

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      2.08 Acres

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    • Value Estimation by Request
      48.56 Acres

      64 Pierce St & Ave

      Farms
      64 Pierce St & Ave, Thermal, CA 92274
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    Similar Nearby for Sale

    • $475,000
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      Prime Thermal Ranch Land

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    • $1,369,200
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      Prime Thermal Date Ranch

      39-Acre Organic Date Farm in Oasis, CA
      0 81St Ave, Thermal, CA 92274
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    • $450,000
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      Vista Santa Rosa Ranch Land

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      Secluded Date Garden with Mountain Views

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      8,458,916 SF

      Coachella Valley Date Ranch Land

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    Similar Nearby for Lease

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      Thermal Agricultural Operation for Rent

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      Prime Farmground for Rent

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      500 SF

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      Airport Boulevard Industrial Property

      Industrial property located on Airport Boulevard in Thermal, California.
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      Industrial Property Fully Leased

      Fully leased industrial property in Thermal, CA.
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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.

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