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Property profile & analytics
OFF-MARKET
Land

0 15Th Ave Desert Hot Springs, CA 92240

1.26 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.26-acre commercial land parcel is situated in the desirable Desert Hot Springs Industrial Park, northeast of the intersection of Cabot Road and 15th Avenue (APN: 665-070-011 665-050-018). Zoned I-L (Light Industrial), this property presents a unique opportunity within a thriving cannabis zone. Located in Riverside County, CA (zip code 92240), this land offers a compelling investment prospect at a price of $175,000, translating to $3.27 per square foot. The property benefits from its proximity to Palm Springs and convenient access to Interstate 10, providing excellent connectivity to the entire Southern California region. While a previous Conditional Use Permit (CUP 31) has expired, the site boasts a proposed project plan encompassing a substantial 35,777 square foot, two-story building. This proposed design includes dedicated spaces for office/administration (2,463 sq ft), cultivation (29,215 sq ft), and processing (4,099 sq ft). A significant advantage is the absence of manufacturing tax within Desert Hot Springs, making this a financially attractive location. Desert Hot Springs is recognized as a leading cannabis cultivation hub in Southern California, with over 1,400 acres zoned for unlimited cannabis cultivation, extraction, and manufacturing with CUP. This property represents one of the most competitively priced parcels within this dynamic zone.

Property profile
Verified
Property type Land
Lot 1.26 ac (54,886 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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