73170 Ramon RdThousand Palms, CA 92276

Property Details for 73170 Ramon Rd

Year built

1987

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

1,962 SF

Zone code

R3

Property type

Office properties

Property subtype

Office buildings

APN

650-290-018

APU

650290018

Description

This exceptional 0.97-acre parcel presents a remarkable investment opportunity in the thriving Thousand Palms area of Riverside County, California. Located at 73170 Ramon Rd, 92276, this mixed-use zoned land (APN 650-290-02) offers unparalleled versatility for developers and investors. Its strategic location on a major thoroughfare provides excellent visibility and accessibility, with close proximity to the CA-10 Freeway ensuring convenient transportation. The property benefits from its position in a rapidly developing community experiencing robust economic growth, a 2.2% job growth rate, and a wealth of nearby amenities. These include major retailers such as Costco, Walmart, Sam's Club, and In-N-Out Burger, along with shopping centers, the Agua Caliente Resort and Spa, and the Coachella Valley National Wildlife Refuge. Educational institutions like Xavier College Prep High School are also conveniently located nearby. The property's proximity to popular destinations such as Palm Springs, Desert X, Coachella, and Stagecoach further enhances its appeal. Local businesses such as Tri Palm Estates, Circle K, a local market, and the Plan B Restaurant/Bar are also in the immediate vicinity. This prime land is priced at $360,000 and presents a unique chance to capitalize on the area's growth and create a successful commercial or residential venture. The flexible zoning allows for a wide range of development possibilities, making this an exceptional investment for those seeking significant returns.

• CAP approach

  CAP return

  Valuation

  6%

  $539,237

  6.5%

  $497,757

  7%

  $462,203

• Comparable approach

  Method

  Valuation

  Relative Method

  $344,179

  Geo Method

  $690,565

• Alternative Use

  Use

  Valuation

  Residential

  $617,219

  Hospitality

  $565,369

  Educational

  $470,381

  Medical

  $486,558

  Retail

  $731,703

Location Insight

City

Thousand Palms

County

Riverside

State

California

Latitude

33.8167

Longitude

-116.385

CBSA code

40140

CBSA name

RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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