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Property profile & analytics
OFF-MARKET
Retail space

73070 Ramon Rd Thousand Palms, CA 92276-3137

384 SF 0.17 ac lot Built 1975
Individually Owned 8-yr Hold ~ Est. High Equity
Property ID
US10-2991288
Property summary
AI-generated overview

This exceptional 0.39-acre parcel, located at 73070 Ramon Rd, Thousand Palms, CA 92276 (APN 650-263-006 & 013), presents a unique investment opportunity. Zoned MU (Mixed Use), this fee simple property allows for a variety of development options, including residential construction by right and commercial development with a Conditional Use Permit. The land boasts excellent visibility and accessibility, situated on Ramon Road near the intersection with Monterey Avenue, a high-traffic area with over 38,000 cars daily. Its prime location offers immediate proximity to the 10 Freeway, enhancing convenience and connectivity. The property's strategic position across from Tri-Palm Estates & Country Club, and near Agua Caliente Rancho Mirage, shopping centers, and restaurants, ensures strong potential for future development and high return on investment. The asking price is $175,000, translating to $10.30 per square foot. Permitted uses include bank, daycare/nursery, and pharmacy/drug store. This is a rare opportunity to acquire a versatile mixed-use lot in a thriving location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1975
Construction WOOD
Total area 384 SF
Lot 0.17 ac (7,405 SF)
Zoning code C1CP
APN 650-263-023
UPID US10-2991288
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
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sergio Rivera · 8 yrs held
Sergio Rivera
since 2017
5 recorded transactions
2017
$255,000
2015
Price N/A
2015
Price N/A
2003
$82,500
1969
Price N/A
Zoning & alternative use
C1CP · Thousand Palms, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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