0 15Th Ave Desert Hot Springs, CA 92240
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.