6
Map
$87,000
●
Land -
For Sale
1 Ramon Road
Thousand Palms, CA 92264
Studio
0 Bath
$428
Est. Monthly
About This Property
Prime development opportunity in a rapidly growing area! These
mixed-use (MU) zoned parcels offer exceptional flexibility for
developers, investors, and builders. Ideally located just minutes
from Acrisure Arena and Agua Caliente Casino, the properties are
positioned in a high-demand corridor with outstanding visibility
and future growth potential.The MU zoning allows for a variety of
development options, including single-family residential,
multifamily, retail, office, and other compatible commercial uses
(buyer to verify permitted uses with the appropriate governing
agency).Three parcels are available at $87,000 each: APN
650-173-033 APN 650-173-032 APN 650-173-027Purchase one parcel or
combine all three to create a larger development site tailored to
your vision. Whether you're planning a residential project,
commercial venture, or mixed-use development, these properties
offer the flexibility and location to maximize your
investment.Don't miss this rare opportunity to secure prime land in
one of the Coachella Valley's fastest-growing areas.
Unit Size
-
Days on Market
110 days
Land Size
0.13 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
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Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (CRMLS #219150463DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2026 | Listed by C 21 Coachella Valley RE | $87,000 | |
| Listed by C 21 Coachella Valley RE | |||
| Oct 10, 2024 | Relisted | $90,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Jul 12, 2024 | Listed | $90,000 | |
| Listed | |||
| | |||
|
Prime development opportunity! This mixed-use (MU) zoned lot is ideally located just minutes from the vibrant Acrisure Arena and the bustling Agua Caliente Casino. The zoning allows for a wide range of development possibilities, from single-family residences to various commercial uses, making it a versatile investment. 3 different parcels are available for purchase for $90,000 each. APN 650-173-033, 650-173-032, 650-173-027. These parcels can be purchased individually or together, offering flexibility to suit your development needs. This prime location, combined with its versatile zoning, makes it a valuable asset for both residential and commercial developers. Don't miss out on this exceptional opportunity to invest in a high-traffic, high-visibility area with immense growth potential. Contact us today for more details or to schedule a viewing.
| |||
| Nov 20, 2021 | No longer available | - | |
| No longer available | |||
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Property Highlights
Exterior Details
Lot Size Area: 5662
Lot Size Units: Square Feet
Lot Size Acres: 0.13
Lot Size Square Feet: 5662
Utilities Details
Sewer : Unknown
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Palm Springs
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Listed by: Carlos Ortega, C 21 Coachella Valley RE
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219150463DA
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 219150463DA
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