Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2124 Thomas R Cannell Road Thermal, CA 92274

    View on Map
    For Sale
    $525,000

    COMMERCIAL - Thermal, CA

    Type:Office
    Property size:
    5,000 SF
    Lot size:
    0.65 Acres
    Added:
    Oct 13, 2025
    Days on Market:
    173
    Last Refresh:
    Apr 3 at 3:06 am

    Property Features for 2124 Thomas R Cannell Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    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
    Brandy M Nelson

    Listing agent Brandy M Nelson License #0147142

    Listing office Equity Union 70115 Hwy 111, Sherman Oaks, CA

    Listing date Oct 13, 2025

    MLS# 219137324

    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.

    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 Real Estate Agency Spa & Massage Center Hair Salon Big Box & Wholesale Store Nail Salon Auto Repair Shop HVAC Service Grocery & Convenience Store 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
    -115.964601
    Latitude
    33.281534

    Nearby Similar for Sale

    • $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
    • $255,000
      1,000 SF

      Commercial Property with Living Space

      Auto repair garage with living space in Thermal, California.
      2154 Riviera Circle, 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
    • $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
    • $1,500,000

      Thermal Agricultural Land with Date Palms

      19.55 acres with date palms, greenhouse, and water.
      76850 Pierce Street, Thermal, CA 92274
      View Details
    • $1,997,250

      Thermal Farm with Development Potential

      79.09 AC farm with wells and included equipment.
      96400 70th Avenue, Thermal, CA 92274
      View Details
    • $4,500,000

      Thermal Agricultural Operation with Buildings

      77.6 acre Coachella Valley agricultural operation with extensive infrastructure.
      78100 Harrison St, Thermal, CA 92274
      View Details
    • $2,699,000
      2,613 SF

      Jack in the Box Restaurant

      NNN lease with strong operator near travel plaza.
      2086 Service Rd, Thermal, CA 92274
      View Details
    • $60,000

      Thermal, CA Land/Lot Opportunity

      Spacious lot near Salton Sea with investment and residential potential.
      794 Hilo Avenue, Thermal, CA 92274
      View Details
    • $625,000

      9-Acre Lemon Ranch in Thermal

      9-acre organic lemon ranch near Coachella and Desert Horse Park.
      Ave 67 & Van Buren St, Thermal, CA 92274
      View Details
    • $3,500,000
      64,950 SF

      Cold Storage Facility on 40 Acres

      64,950 SF cold storage and packing facility on 40 acres.
      77110 Harrison St, Thermal, CA
      View Details
    • $1,425,900
      1,774,634 SF

      Thermal Date Ranch Opportunity

      Portfolio of ranches with date trees and irrigation water.
      75317 Polk St, Thermal, CA
      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 Road 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
    We can help!
    Listing Contact
    Brandy M Nelson
    Brandy M Nelson
    Real Estate License ID: 0147142
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!