Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mission Lakes Blvd Desert Hot Springs, CA 92240
    Back to Search
    Property profile & analytics

    Mission Lakes Blvd Desert Hot Springs, CA 92240

    View on Map
    • Land
    • 160.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Mission Lakes Blvd

    Lot size
    160.00 lot acres
    Property type
    Land

    Description

    This exceptional 160-acre parcel in Desert Hot Springs, CA (APN 664-020-001), presents a unique opportunity for residential development. The property boasts an approved specific plan, allowing for a high-density residential project, potentially yielding up to 800 units (buyer to verify). Previous plans indicated lot sizes ranging from 5,500 to 16,000 square feet, but the low-density zoning permits up to 5 dwelling units per acre. Situated near Mission Lakes Blvd, in Riverside County, zip code 92240 (latitude 33.9760828, longitude -116.5336535), this location offers panoramic mountain views and proximity to amenities. The area is served by the Palm Springs Unified School District, with nearby schools including Painted Hills Middle School and Bella Vista Middle School. Conveniently located near the Mission Lakes Golf Course and a recently opened retail center, the property benefits from its accessibility to Interstate 10 and Highway 62, providing easy access to Palm Springs (10 miles), Beaumont, Banning, and major employment centers in Riverside, San Bernardino, and Los Angeles. Desert Hot Springs is experiencing rapid growth, making this a prime location for build-for-rent or for-sale home development. Comparable projects in the city are selling at a strong pace, with homes priced in the $400,000 to $500,000+ range, falling within FHA financing limits. The city also qualifies for USDA zero-down financing for new homes. This presents an attractive investment opportunity for developers seeking to capitalize on the growing demand for affordable housing in the desirable Coachella Valley.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Desert Hot Springs
    County
    Riverside
    State
    California
    Longitude
    -116.534
    Latitude
    33.9761

    Comparable in this City

    • Value Estimation by Request
      16.39 Acres

      Pierson Blvd

      Land • 16.39 Acres
      0 Pierson Blvd, Desert Hot Springs, CA 92240
      View Details
    • Value Estimation by Request
      9.60 Acres

      65443 Pierson Blvd

      Multifamily properties • 9.60 Acres
      65443 Pierson Blvd, Desert Hot Springs, CA 92240
      View Details
    • Value Estimation by Request
      4.30 Acres

      Camino Aventura

      Land • 4.30 Acres
      0 Camino Aventura, Desert Hot Springs, CA 92240
      View Details
    • Value Estimation by Request
      4.09 Acres

      700 Via Loreto

      Land • 4.09 Acres
      700 Via Loreto, Desert Hot Springs, CA 92240
      View Details
    • Value Estimation by Request
      10.11 Acres

      Pierson Blvd & Karen Ave

      Land • 10.11 Acres
      0 Pierson Blvd & Karen Ave, Desert Hot Springs, CA 92240
      View Details
    • Value Estimation by Request
      20.00 Acres

      Corkill Rd

      Land • 20.00 Acres
      0 Corkill Rd, Desert Hot Springs, CA 92240
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Desert Hot Springs Land Parcel

      Large 133.01 acre land parcel in Desert Hot Springs.
      6250 Dillon Rd, Desert Hot Springs, CA 92240
      View Details
    • Contact for pricing

      19.41 Acres for Sale

      19.41 acres of land available in Desert Hot Springs.
      Indian Canyon Dr, Desert Hot Springs, CA 92240
      View Details
    • $150,000
      0.22 Acres

      Land in Desert Hot Springs

      Land available in Desert Hot Springs, California.
      Club Circle Dr, Desert Hot Springs, CA 92240
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Mission Lakes Blvd
    Desert Hot Springs, CA 92240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Mission Lakes Blvd, Desert Hot Springs, CA, 92240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!