Auto Repair Garage with
For Sale
$255,000
2154 Riviera Court, Thermal, CA 92274
COMMERCIAL - Thermal, CA
Property Size1,000 SF
Lot Size0.16 Acres
Price / SF$255
Days on Market106
Property Features for 2154 Riviera Court
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage
Subdivision
317 - Valerie Jean, Oasis, Desert Shr, Salton Cty
Standard status
Active
APN
015214012000
Size
1,000 SF
Lot size
0.16 Acres
Utilities
Heating system
Central
Amenities
garage
ample work area
storage
vehicle access
2-bedroom residence
renovated kitchen
updated bathroom
open living space
Listing Agency:
HomeSmart
(760) 844-7500
Listed By:
Amber Placentia & Associates
(760) 835-3764
Added: May 13
Changed: Aug 4
Last Checked: Aug 26 at 3:06PM
MLS# 219147835
Copyright © 2026 California Desert 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.
Investment Insights
Based on property information with market context.
This property includes a spacious auto repair garage designed for vehicle access, with ample work area and storage. In addition to the automotive space, the rear portion offers a 2-bedroom residence with an open living space, a recently renovated kitchen, and an updated bathroom.
The building is located in Salton City, with easy access to Highway 86 as noted in the listing remarks. For an owner-user, it provides both a commercial garage operation and on-site living within the same property.
The total property size is listed at 1,000 square feet on a 0.1613-acre lot.
The building is located in Salton City, with easy access to Highway 86 as noted in the listing remarks. For an owner-user, it provides both a commercial garage operation and on-site living within the same property.
The total property size is listed at 1,000 square feet on a 0.1613-acre lot.
Key Highlights
- Thriving auto repair garage business included.
- On‑site 2‑bedroom residence with renovated kitchen and updated bathroom.
- Prime commercial location in Salton City.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,066
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,320
$301.3K
Cap Rate 7%
$215,229
$215.2K
Cap Rate 9%
$167,400
$167.4K
Market Conditions
NOI Build-Up for 1,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$21.6K $21.60/SF
− Vacancy
−$1.5K −$1.51/SF
EGI
$20.1K $20.09/SF
− OpEx
−$5.0K −$5.02/SF
NOI
$15.1K $15.07/SF
Area
Imperial County, CA
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$301,320
Cap Rate 7%
$215,229
Cap Rate 9%
$167,400
Alternative Uses
Best Use
Office B
$215.2K
$188.3K – $251.1K
NOI $15,066 @ 7.0% cap · market cap 5.91%
Second Best
Retail
$171.0K
$149.6K – $199.5K
NOI $11,970 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$255.1K
$223.2K – $297.6K
NOI $17,856 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92274, CA
19,251
Population
7,030
Households
2.7
Avg Household Size
29
Median Age
5%
College-Educated
47%
High-School Grad
216.2 sq mi
ZIP Area
89
Density / Sq Mi
$36,087
Median Household Income
$24,355
Median Earnings
$903
Median Rent
$139,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Llantera — Salton City, CA 92274
- Esquivel New and Used Tires — 2095 Haven Dr, Thermal, CA 92274
- Tovar auto garage — 2154 Riviera Cir, Thermal, CA 92274
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair garage with a rear 2-bedroom residence, including a recently renovated kitchen and updated bathroom.
Where is this auto shop located?
The property is located at 2154 Riviera Court Thermal, CA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Thriving auto repair garage business included.; On‑site 2‑bedroom residence with **renovated kitchen and updated bathroom.**; Prime commercial location in Salton City.
