Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Thermal Land Ready For Development Title is generated by Realmo AI

    1297 Sargo Ave, Thermal, CA 92274

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Thermal, CA

    Lot size:
    0.26 Acres
    Added:
    Aug 19, 2024
    Days on Market:
    651
    Last Refresh:
    May 31 at 4:06 pm

    Property Features for 1297 Sargo Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    008-602-008-000
    Lot size
    0.26 Acres

    We can help!

    Listing Contact
    Sidney Morse
    Sidney Morse

    Listing agent Sidney Morse License #02164204

    Listing office Exit Imperial Realty 512 Broadway, El Centro, CA

    Listing date Aug 19, 2024

    MLS# 24429783IC Listing URL

    Copyright © 2026 Imperial County Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large corner lot suitable for custom or manufactured home.
    • Utilities are nearby.
    • Located in an area with pleasant winter weather.
    • Potential for future price increases due to recent growth.
    • Existing homes at the rear of the property.
    • Available at an improved price point.

    Overview

    This 0.26-acre corner lot in Thermal, California, presents an opportunity for building a custom home or placing a manufactured home. Existing homes are located at the rear of the property, and nearby utilities are available. The area is known for its favorable winter climate. Recent growth in the area suggests potential for future price appreciation. Buyers and their agents are advised to conduct their own due diligence, as the seller and seller's agent do not guarantee the accuracy of provided information.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thermal
    County
    Imperial
    State
    California
    Longitude
    -115.971918
    Latitude
    33.339266

    Nearby Similar for Sale

    • $475,000
      1,150 SF

      Thermal Industrial Land For Sale

      1.23 acre fenced lot with M-2 zoning.
      2294 Cleveland Ave, Thermal, CA 92274
      View Details
    • $750,000
      5,200 SF

      Thermal Warehouse on Large Lot

      Warehouse/shop building on 9.38 acres with frontage on Expressway 86.
      3982 Coolidge Springs Road, Thermal, CA 92274
      View Details
    • $585,000
      2,664 SF

      Remodeled Thermal Fourplex: Value-Add Opportunity

      Fully remodeled fourplex in Thermal, CA with income potential.
      2542 Sea View Drive, Thermal, CA 92274
      View Details
    • $525,000
      5,000 SF

      Thermal Commercial Property For Sale

      High-visibility commercial property near Hwy 86, suitable for various businesses.
      2124 Thomas R Cannell Road, Thermal, CA 92274
      View Details
    • $15,900

      Land in Thermal, California

      Oversized lot in Salton City with utilities available.
      2347 Fullerton Ave, Thermal, CA 92274
      View Details
    • $5,000,000

      Thermal Land Near Airport

      17.18 acres near Jacqueline Cochran Regional Airport.
      86155 Airport Boulevard, Thermal, CA 92274
      View Details
    • $2,400,000

      Thermal CA Date Ranch Opportunity

      30-acre date ranch in Thermal, California with income potential.
      83775 58th Ave, Thermal, CA 92274
      View Details
    • $750,000
      5,200 SF

      Thermal Warehouse on Large Lot

      5,200 SF warehouse on 9.38 acres near Expressway 86.
      3982 Coolidge Springs Rd, Thermal, CA 92274
      View Details
    • $2,200,000

      Improved Agricultural Property in Thermal

      11.09-acre agricultural property with mature date palms and equestrian facilities.
      88161 Airport Boulevard, Thermal, CA 92274
      View Details
    • $19,500

      Residential Lot in Thermal, CA

      Large residential lot in Thermal, CA, perfect for building.
      1357 Leeward Ave, Thermal, CA 92274
      View Details
    • $15,000
      10,503 SF

      Residential Lot in Thermal, CA

      10,500 sq ft residential lot near Salton City.
      1088 Seaview Ave, Thermal, CA 92274
      View Details
    • $1,750,000

      98-Acre Lemon Ranch in Thermal

      98-acre lemon ranch with approximately 7,930 trees in Thermal, CA.
      80th Avenue, Thermal, CA 92274
      View Details

    FAQs

    What type of property is this?
    Land - Corner lot with utilities, ideal for custom or manufactured home.
    Where is this land located?
    The property is located at 1297 Sargo Ave Thermal, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large corner lot suitable for custom or manufactured home.; Utilities are nearby.; Located in an area with pleasant winter weather.
    (760) 623-3334
    We can help!
    Listing Contact
    Sidney Morse
    Sidney Morse
    Real Estate License ID: 02164204
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1297 Sargo Ave, Thermal, CA 92274
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!