Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2124 Thomas R Cannell Rd Thermal, CA 92274

    Sponsored
    For Sale
    $525,000

    COMMERCIAL - Thermal, CA

    Type:Office
    Property size:
    5,000 SF
    Lot size:
    0.65 Acres
    Days on Market:
    22
    Last Refresh:
    Jan 22 at 3:06 am

    Property Features for 2124 Thomas R Cannell Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Office
    TransactionType
    Standard
    Standard status
    Active
    APN
    015191026000
    Size
    5,000 SF
    Lot size
    0.65 Acres

    Building Details

    Year built
    1982
    Building materials
    Stucco

    We can help!

    Listing Contact
    Brandy M Nelson

    Equity Union Real Estate (818) 631-1660 [email protected]

    Listing agent Brandy M Nelson

    Listing date Jan 1, 2026

    Copyright © 2026 California Desert Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Thermal Commercial Property For Sale

    This commercial property is located just off Hwy 86, offering high visibility and traffic. The building features a modern and flexible interior layout, suitable for retail, professional offices, medical facilities, or a flagship location. It includes a newer engineered, lighted marquis sign. The property benefits from ample parking, easy freeway access, and proximity to established businesses within a thriving commercial corridor. The lot size is 0.6526 acres. The property size is 5000 square feet. Owner financing is available. The property is located in Thermal, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Spa & Massage Hair Salon Wholesale Shop Clothing Store Nail Salon Auto Repair Shop HVAC Service Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Thermal
    County
    Imperial
    State
    California
    Longitude
    -115.964601
    Latitude
    33.281534

    Nearby Similar for Sale

    • $1,500,000
      19.55 Acres

      Thermal Agricultural Land with Date Palms

      19.55 acres with date palms, greenhouse, and water.
      76850 Pierce St, Thermal, CA 92274
      View Details
    • $255,000
      1,000 SF

      Commercial Property with Living Space

      Auto repair garage with living space in Thermal, California.
      2154 Riviera Cir, Thermal, CA 92274
      View Details
    • $2,200,000
      11.09 Acres

      Improved Agricultural Property in Thermal

      11.09-acre agricultural property with mature date palms and equestrian facilities.
      88161 Airport Blvd, Thermal, CA 92274
      View Details
    • $1,997,250
      79.09 Acres

      Thermal Farm with Development Potential

      79.09 AC farm with wells and included equipment.
      96400 70Th Ave, Thermal, CA 92274
      View Details
    • New
      $2,999,000
      29.92 Acres

      Thermal Date Ranch Opportunity Zone

      30-acre date ranch with tax advantages.
      83775 58Th Ave, Thermal, CA 92274
      View Details
    • $60,000
      9,917.00 Acres

      Thermal, CA Land/Lot Opportunity

      Spacious lot near Salton Sea with investment and residential potential.
      794 Hilo Ave, Thermal, CA 92274
      View Details
    • Contact for pricing
      0.23 Acres

      Land in Thermal, California

      Vacant land available in Thermal, CA.
      2384 Shore King Ave, Thermal, CA 92274
      View Details
    • $795,000

      Income Producing Organic Date Farm

      Well-located, income-producing organic date farm with Medjool dates.
      9 .77 Acres Monroe/62, Thermal, CA 92274
      View Details
    • $1,173,600

      Organic Date Ranch in Oasis

      Portfolio of ranches with organic date trees in Coachella Valley.
      81St Ave, Thermal, CA 92274
      View Details
    • $1,866,750

      Organic Date Ranch Opportunity

      74.67 acre organic date ranch with date trees.
      & Expwy 86, Thermal, CA 92274
      View Details
    • $1,288,200

      Thermal CA Ranch with Dates

      Portfolio of 9 ranches with organic date trees.
      W Pierce St, Thermal, CA 92274
      View Details
    • $255,000

      Salton City Auto Repair Garage

      Commercial property with auto repair garage and residential space.
      2154 Riviera Cir, Thermal, CA 92274
      View Details

    FAQs

    What type of property is this?
    Office building - High-visibility commercial property near Hwy 86, suitable for various businesses.
    Where is this office building located?
    The property is located at 2124 Thomas R Cannell Rd Thermal, CA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - High-visibility location just off Hwy 86, ideal for maximizing business exposure.; - Flexible interior layout suitable for retail, offices, medical facilities, or flagship location.; - Ample parking and easy freeway access.
    (760) 592-1571
    Request Owner's contact information
    2124 Thomas R Cannell Rd Thermal, CA 92274
    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.
    2124 Thomas R Cannell Rd
    Thermal, CA 92274
    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
    2124 Thomas R Cannell Rd Thermal, CA 92274
    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

    We can help!
    Listing Contact
    Brandy M Nelson
    Real Estate License ID: 01471742
    (760) 592-1571
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.