Add Listing
    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

    2881 Lesser Dr Thermal, CA 92274

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    LAND - Thermal, CA

    Lot size:
    0.21 Acres
    Days on Market:
    112
    Last Refresh:
    Mar 5 at 11:06 pm

    Property Features for 2881 Lesser Dr

    General Information

    Special listing conditions
    Real Estate Owned, In Foreclosure
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Real Estate Owned, In Foreclosure
    Standard status
    Active
    APN
    007251004000
    Lot size
    0.21 Acres

    We can help!

    Listing Contact
    Graciela Mendez

    Keller Williams Realty - La Quinta (760) 601-3000

    Listing agent Graciela Mendez (760) 601-3000

    Listing date Nov 14, 2025

    MLS# 219138068 Listing URL

    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

    Land in Thermal, California

    This property in Thermal, California, offers an opportunity to build a dream house or hold as an investment. The lot size is approximately 0.205 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Repair Shop 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
    -115.998044
    Latitude
    33.337638

    Nearby Similar for Sale

    • $2,400,000
      29.92 Acres

      Thermal CA Date Ranch Opportunity

      30-acre date ranch in Thermal, California with income potential.
      83775 58Th Ave, Thermal, CA 92274
      View Details
    • $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
    • $269,000

      Commercial Building in Thermal, CA

      Commercial building for sale in Thermal, California, needs repairs.
      2096 Center 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
    • $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 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
    • $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
    • Contact for pricing
      11,592 SF

      Highway 86 Retail Investment Property

      Retail property with long-term occupancy on Highway 86.
      2108 Service Rd, Thermal, CA 92274
      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 92274
      View Details
    • $1,288,200
      1,870,466 SF

      20.5 AC Chuchian Ranch

      20.5 acre ranch with organic date trees near Thermal.
      W Pierce St, Thermal, CA 92274
      View Details
    • $1,928,000
      2,099,592 SF

      Coachella Valley Date Ranch

      Date ranch with irrigated trees in Coachella Valley.
      92745 84Th Ave, Thermal, CA 92274
      View Details
    • $625,000
      396,832 SF

      9-Acre Lemon Ranch Opportunity

      9-acre organic lemon ranch near Coachella festivals and Expressway 86.
      67th St And Van Buren St, Thermal, CA
      View Details

    FAQs

    What type of property is this?
    Land - Land available for building a dream house or investment.
    Where is this land located?
    The property is located at 2881 Lesser Dr Thermal, CA.
    What is the asking price?
    The asking price for this property is $20,000.
    What are key features of this property?
    This property features: - Great property for building a dream house.; - Suitable as an investment property.; - Located at coordinates: [-115.99805,33.33764].
    (760) 601-3000
    Request Owner's contact information
    2881 Lesser Dr 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.
    2881 Lesser Dr
    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
    2881 Lesser Dr 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
    Graciela Mendez
    Real Estate License ID: 02041030
    (760) 601-3000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!