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    63771 Monroe St Thermal, CA 92274
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    63771 Monroe St, Thermal, CA 92274

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    • Farms
    For Sale
    $3,000,000
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    Secluded Date Garden with Mountain Views For Sale
    $3,000,000
    2,048 SF

    Secluded Date Garden with Mountain Views

    Organic date garden with home and development potential.

    63771 Monroe St, Thermal, CA 92274
    View Listing
    Property ID
    US09-1684758
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Farms

    Property Details for 63771 Monroe St

    Property type
    Farms
    Property subtype
    Agricultural land / Farmland

    Description

    This secluded, premium, organic, date garden has incredable (close up) views of the Santa Rosa Mountains. On the grounds there is a three bedroom two bath home, approximately 2048 square feet. The house was rented for $2000 per month. There is a concrete lined reservoir for efficent irrigation, supplied with Colorado River water. There is a well on the property that provides domestic water for the residence. The date palms consist of 402 adult medjool palms and 250 young medjool palms, plus 898 adult, deglet palms, 277 medium deglet palms and 600 young deglet palms. The zoning is Light Agriculture, 10 acre minimum parcel size, potentially, making it ideal to split the property into three parcels. Additional benifits to this property, are it's vicinity to many high end country clubs such as Andalusia, Triology of La Quinta, The Hideaway, Madison Club and more, All starting at Silver Rock (Talus) located at Ave 52 and Jefferson then trending South all the way to Ave 60. This proeprty is located in the Torres Martines Indian Jurisdiction. 'PLACE' your eyes on the map. Notice the series of development of the high end projects. This is not only a date property and a ranch home, It also has potential for future dvelopment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Thermal
    County
    Imperial
    State
    California
    Longitude
    -116.2351377
    Latitude
    33.5867609

    Comparable in this City

    • Contact for pricing

      Secluded Date Garden with Mountain Views

      Organic date garden with home and development potential.
      63771 Monroe St, Thermal, CA 92274
      View Details
    • Contact for pricing
      8,458,916 SF

      Coachella Valley Date Ranch Land

      194.19 acre date ranch land in Opportunity Zone.
      NE Of Pierce St And Airport Blvd, Thermal, CA 92274
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    • $2,200,000
      51.91 Acres

      Thermal Agricultural Land with Dates

      51.91 acres with dates, lemons, and development potential.
      Fillmore St, Thermal, CA 92274
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      Expansive Estate with Desert Nursery

      246.52-acre estate featuring a main home, nursery, and farmland.
      82501 Ave, Thermal, CA 92274
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      71 Acres in Oasis Area

      71 acres with greenhouses, irrigation, and water access.
      SE 84Th Ave, Thermal, CA 92274
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Secluded Date Garden with Mountain Views

      Organic date garden with home and development potential.
      63771 Monroe St, Thermal, CA 92274
      View Details
    • Contact for pricing
      8,458,916 SF

      Coachella Valley Date Ranch Land

      194.19 acre date ranch land in Opportunity Zone.
      NE Of Pierce St And Airport Blvd, Thermal, CA 92274
      View Details
    • $2,200,000
      51.91 Acres

      Thermal Agricultural Land with Dates

      51.91 acres with dates, lemons, and development potential.
      Fillmore St, Thermal, CA 92274
      View Details
    • Contact for pricing

      Expansive Estate with Desert Nursery

      246.52-acre estate featuring a main home, nursery, and farmland.
      82501 Ave, Thermal, CA 92274
      View Details
    • Contact for pricing

      71 Acres in Oasis Area

      71 acres with greenhouses, irrigation, and water access.
      SE 84Th Ave, Thermal, CA 92274
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Farmground for Rent

      Farmground available for rent with first year free.
      59059 Jackson St, Thermal, CA 92274
      View Details
    • $20,000 /Mo
      3,380,256 SF

      Thermal Agricultural Operation for Rent

      Prime Coachella Valley organic agricultural operation with extensive infrastructure.
      78100 Harrison St, Thermal, CA 92274
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      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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      Industrial Property Fully Leased

      Fully leased industrial property in Thermal, CA.
      87-400 Airport Blvd, Thermal, CA 92274
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    View Listing
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    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.

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