Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    38105 Portola Ave Palm Desert, CA 92260

    • Golf courses & driving ranges
    • 6,160 SF
    • 79.12 lot acres
    For Sale
    View listing
    Last Sale
    Apr 23, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2686130
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Golf courses & driving ranges

    Property Details for 38105 Portola Ave

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    79.12 lot acres
    Property size
    6,160 SF
    Zone code
    RT
    Property type
    Golf courses & driving ranges
    APN
    620-170-009
    APU
    620170009

    Description

    This exceptional ±96.75-acre development opportunity is located in the highly desirable Palm Desert, California, with address at 38105 Portola Ave, zip code 92260, Riverside County. The property, identified by APN numbers 620-170-009, 620-400-030, and 620-400-031, is zoned PR-22 and offers unparalleled views. Its location provides easy access to local amenities, including shopping, schools, parks, and recreational facilities, as well as major roads and highways. The area boasts significant population growth and substantial recent investment, including a planned 27-acre Regional Sports Park adjacent to the property. The site presents a unique chance to create a residential community that complements the natural beauty of Palm Desert. There is potential for multifamily development, with partial entitlements for approximately 394 units on an adjacent ±17.63-acre parcel. This presents a compelling investment opportunity in a thriving market with strong potential for appreciation. The property benefits from minimal wind and sand, unlike other areas, and is free from freeway or railroad noise. This is a rare chance to develop a high-quality residential project in a sought-after location with excellent views and convenient access to amenities. The property offers a unique opportunity to create a residential oasis that harmonizes with the natural beauty of Palm Desert, offering a range of housing options to accommodate diverse buyer preferences.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $460,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $867,000
      Market price range: $214k - $867k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palm Desert
    County
    Riverside
    State
    California
    Longitude
    -116.376
    Latitude
    33.7689
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $63,902
    $4,995,925
    $188,521
    $5,184,446
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.71 Acres

      Palm Desert, CA 92260

      GOLF COURSE • 2.71 Acres
      Palm Desert, CA 92260
      View Details
    • Value Estimation by Request
      0.01 Acres

      Palm Desert, CA 92260

      GOLF COURSE • 0.01 Acres
      Palm Desert, CA 92260
      View Details
    • Value Estimation by Request
      0.34 Acres

      Palm Desert, CA 92260

      GOLF COURSE • 0.34 Acres
      Palm Desert, CA 92260
      View Details
    • Value Estimation by Request
      2.67 Acres

      Palm Desert, CA 92260

      GOLF COURSE • 2.67 Acres
      Palm Desert, CA 92260
      View Details
    • Value Estimation by Request
      109.29 Acres

      Palm Desert, CA 92260

      GOLF COURSE • 109.29 Acres
      Palm Desert, CA 92260
      View Details
    • Value Estimation by Request
      0.09 Acres

      Palm Desert, CA 92260

      GOLF COURSE • 0.09 Acres
      Palm Desert, CA 92260
      View Details

    Similar Nearby for Sale

    • $1,700,000
      1.62 Acres

      Lot 5 - Nighthawk Six Luxury Estate Lots

      Land • 1.62 Acres
      5 Nighthawk Rd, Palm Desert, CA 92260
      View Details
    • $2,575,000

      Stone Creek Apartments: Palm Desert

      Prime Palm Desert Apartment Complex
      44700 San Jacinto Ave, Palm Desert, CA 92260
      View Details
    • $5,817,024
      5,285 SF

      Gas Station & Convenience Store Palm Desert

      Restaurants • 5,285 SF
      74478 Ca-111, Palm Desert, CA 92260
      View Details
    • $299,800
      2,116 SF

      Spacious Home Near El Paseo

      Four-bedroom home with upgraded kitchen, bathrooms, and large lot.
      33 Diamond E Dr, Palm Desert, CA 92260
      View Details
    • $229,000
      810 SF

      Palm Desert Condo Near El Paseo

      Charming 2-bedroom condo near El Paseo's shopping and dining.
      72682 Thrush Rd, Palm Desert, CA 92260
      View Details
    • $3,200,000

      Palm Desert Land Opportunity

      Land available in Palm Desert, California.
      871 Rock Cir, Palm Desert, CA 92260
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      4,439 SF

      El Paseo Retail Space: ±3,085 SF

      Prime Retail Space, El Paseo & Hwy 111
      72608-72624 El Paseo Dr, Palm Desert, CA 92260
      View Details
    • $48 SF/Yr
      70,646 SF

      El Paseo Prime Retail Space

      1,418 SF Storefront, High Traffic
      73400 El Paseo, Palm Desert, CA 92260
      View Details
    • $1.65 SF/Yr
      2,000 SF

      Palm Desert Office Space Available

      2,000 SF office space with flexible layout for rent.
      43725 Monterey Ave, Palm Desert, CA 92260
      View Details
    • $1.70 SF/Yr
      1,274 SF

      Palm Desert Office Space Available

      Second floor office space for rent in Palm Desert.
      44100 Monterey Ave, Palm Desert, CA 92260
      View Details
    • $2.00 SF/Yr
      1,065 SF

      Retail/Office Space Available

      Retail or office space for rent in Palm Desert.
      44850 Las Palmas Ave, Palm Desert, CA 92260
      View Details
    • $1.50 SF/Yr
      518,237 SF

      Large Retail Center For Lease

      Prime retail spaces available in a high-traffic shopping center.
      72-333 Thru 72-549 Hwy, Palm Desert, CA 92260
      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.
    38105 Portola Ave
    Palm Desert, CA 92260
    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

    Google sign-in failed. Please try again or use another login method.