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Property profile & analytics
OFF-MARKET
Commercial real estate

83001 58Th Ave Thermal, CA 92274

97.3 ac lot
Entity Owned 5-yr Hold
Property ID
US10-2717553
Property summary
AI-generated overview

Exceptional 97.3-acre agricultural property in Thermal, California, encompassing two distinct tracts. The first, a 77.7-acre parcel, is a former table grape vineyard ideal for new plantings, featuring existing infrastructure and adjacency to high-value crops like vegetables, citrus, and other vineyards. Soils are 100% Class 2 sandy loams, supporting optimal agricultural yields. A reservoir and filter station are situated in the northeast corner. The second tract, spanning 19.6 acres, is a thriving organic Medjool date orchard, a premium crop in the Coachella Valley. This mature orchard benefits from an Agricultural Preserve contract, potentially reducing property taxes based on agricultural use. The property's location in Riverside County, at 83001 58th Ave, Thermal, CA 92274 (APN: 757-240-001, 757-250-001), offers unparalleled access to established agricultural infrastructure and a thriving market. The combination of existing infrastructure, prime location, and high-value crop potential makes this a unique investment opportunity. The asking price is $2,676,000.

Property profile
Verified
Property type Commercial real estate
Lot 97.3 ac (4,238,388 SF)
APN 757-240-001, 757-250-001
UPID US10-2717553
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Bagdasarian Farms LLC · 5 yrs held
Bagdasarian Farms LLC
since 2020
4 recorded transactions
2022
Price N/A
2020
$1.5M
2020
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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