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    Property profile & analytics

    67Th Ave Thermal, CA 92274

    • Land
    • 9.11 lot acres
    For Sale
    View listing
    $625,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 67Th Ave

    Lot size
    9.11 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 9.11-acre agricultural property in Thermal, California, presents a rare investment opportunity. Located in the desirable Vista Santa Rosa area, this established organic lemon ranch boasts 910 Lisbon lemon trees, an oversized reservoir, and an underground irrigation system. The property is zoned A-1-10 (Light Ag, 10-acre minimum lot size) and benefits from its location near prestigious amenities, including the acclaimed Ladera Golf Club (named Best New Golf Course by Golf Digest), the Desert International Horse Park, and is just 7.5 miles from the Coachella Music Festivals. Its proximity to Expressway 86 ensures convenient access. Further enhancing its appeal, this property sits within an Opportunity Zone, offering potential tax incentives for qualified investors. The parcel's APN is 753-350-014. This turnkey operation is ideal for those seeking a profitable agricultural venture or a unique investment in a highly sought-after location. The property's address is 67th St & 67th Ave, Thermal, CA 92274, in Riverside County.

    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
    -116.198
    Latitude
    33.5693

    Comparable in this City

    • Value Estimation by Request
      20.00 Acres

      55 Monroe St & Ave

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    • Value Estimation by Request
      77.70 Acres

      83001 Ave

      Farms • 77.70 Acres
      83001 Ave, Thermal, CA 92274
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    • Value Estimation by Request
      39.12 Acres

      81St Ave

      Farms • 39.12 Acres
      0 81St Ave, Thermal, CA 92274
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    • Value Estimation by Request
      40.74 Acres

      75317 Polk St

      Farms • 40.74 Acres
      75317 Polk St, Thermal, CA 92274
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    • Value Estimation by Request
      10.06 Acres

      Jackson St & Airport Blvd

      Farms • 10.06 Acres
      0 Jackson St & Airport Blvd, Thermal, CA 92274
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    • Value Estimation by Request
      39.00 Acres

      Airport Blvd

      Farms • 39.00 Acres
      0 Airport Blvd, Thermal, CA 92274
      View Details

    Similar Nearby for Sale

    • $845,000
      9.04 Acres

      Monroe St

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      0 Monroe St, La Quinta, CA 92274
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    • $450,000
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      Vista Santa Rosa Ranch Land

      2.1-acre equestrian estate potential.
      0 Jackson St, Thermal, CA 92274
      View Details
    • $820,000
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      Thermal Date Ranch: 20.5 Acres

      Organic Date Farm, Prime Location
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    • $625,000
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      Prime Thermal Lemon Ranch

      9-Acre Organic Lemon Grove, Investment Opportunity
      0 67Th Ave, Thermal, CA 92274
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    • $1,866,750
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      Kelsey Ranch: Organic Date Farm

      74-Acre Organic Date Ranch in Thermal, CA
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    • $26,393,250
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      Coachella Valley Farmland Investment

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    Similar Nearby for Lease

    • $4,500,000

      Coachella Valley Agricultural Operation

      Organic farm with packing building, greenhouses, and water access.
      78100 Harrison St, Thermal, CA 92274
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    • Contact for pricing
      500 SF

      Paved Land Facing Highway

      Paved land available for lease, great exposure.
      1972 Thomas R Cannell Rd, Thermal, CA 92274
      View Details
    • Contact for pricing

      Airport Boulevard Industrial Property

      Industrial property located on Airport Boulevard in Thermal, California.
      87500 Airport Blvd, Thermal, CA 92274
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    • Contact for pricing

      Industrial Property Fully Leased

      Fully leased industrial property in Thermal, CA.
      87-400 Airport Blvd, Thermal, CA 92274
      View Details
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    67Th Ave
    Thermal, CA 92274
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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.

    More about this property
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