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

    87923 Airport Blvd Thermal, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land available at Expressway 86 and Airport Blvd.

    Type:LAND
    Property size:
    498,326 SF
    Lot size:
    11.44 Acres
    Added:
    Feb 7, 2025
    Days on Market:
    430
    Last Refresh:
    Apr 5 at 8:38 pm

    Property Features for 87923 Airport Blvd

    General Information

    Standard status
    Active
    Size
    498,326 SF
    Lot size
    11.44 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Susan Harvey
    Susan Harvey

    Listing agent Susan Harvey License #00957590

    Listing office Desert Pacific Properties

    Listing date Feb 7, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Desert Pacific Properties

    Overview

    11.44 Acres Commercial Land

    This property features 11.44 acres of commercial land. It is located at the immediate offramp of Expressway 86 and Airport Blvd, just south of Interstate 10. Expressway 86 serves as a key corridor for trade to Mexico. The opportunity zone provides potential tax incentives.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Gym & Fitness Center Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Bar & Pub Daycare Center Food Market HVAC Service 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
    -116.128
    Latitude
    33.6402

    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
    • $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
    • $5,000,000

      Thermal Land Near Airport

      17.18 acres near Jacqueline Cochran Regional Airport.
      86155 Airport Boulevard, 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
    • $24,000,000

      Expansive Ranch Estate with Orchard

      298+ acre ranch estate with date orchard near La Quinta.
      81755 62nd Avenue, 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
    • $12,500

      Land Opportunity in Thermal, CA

      0.23 acres of land in Thermal, California for sale.
      2877 Dione Drive, Thermal, CA 92274
      View Details
    • $12,500

      Thermal, CA Desert Land Parcel

      9,095 sq ft lot in Thermal, CA for custom home.
      1348 Arctic Avenue, 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
    • $12,500

      Thermal Land Opportunity

      10,224 sq ft lot in Thermal, CA for sale.
      1336 Arctic Avenue, Thermal, CA 92274
      View Details
    • $12,000

      Residential Lot Near Salton Sea

      Residential lot near Salton Sea, great location and value.
      2166 Boston Ave, Thermal, CA 92274
      View Details
    • $5,000,000

      Prime Thermal Land Parcel

      Expansive 10-acre land parcel in Thermal, California.
      68th Avenue, Thermal, CA 92274
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land available at Expressway 86 and Airport Blvd.
    Where is this land located?
    The property is located at 87923 Airport Blvd Thermal, CA.
    What is the asking price?
    The asking price for this property is $4,983,264.
    What are key features of this property?
    This property features: 11.44 acres available; Key location at immediate offramp of Expressway 86 & Airport Blvd; Just south of Interstate 10
    (760) 250-8992 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Susan Harvey
    Susan Harvey
    Real Estate License ID: 00957590
    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!