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    Of Hwy 111 Thermal, CA 92274

    Sponsored
    For Sale
    $49,000

    0.47-acre industrial lot, excellent location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.47-acre industrial land parcel presents a compelling investment opportunity in Thermal, California. Located at the intersection of N Airport Blvd and east of Highway 111, near West Tyler Street, this property boasts convenient access to major transportation arteries. It's a mere 4.5 miles south of Expressway 86 and offers easy connectivity to I-10, ensuring seamless logistics and distribution. The land is zoned M-SC (Manufacturing – Service Commercial), allowing for a variety of uses. Currently, the site is fully fenced and features a gravel surface, providing a practical and ready-to-use space. Priced at $49,000, or $1 per square foot, this represents a highly competitive land value. Adding to its appeal, this property is situated within an Opportunity Zone, potentially offering significant tax advantages for qualified investors. The seller is open to considering lease or lease-option arrangements, providing flexibility for potential buyers. The Assessor's Parcel Number (APN) is 763-350-004. This property is ideal for businesses seeking a strategically located and well-maintained industrial site in Riverside County, CA, zip code 92274.

    Property Features for 0 Of Hwy 111

    General Information

    Property type
    Land
    Lot Size
    20,473 SF

    HighLights

    • I‑10 access, 4.5 miles south of exit.
    • Convenient Expressway 86 access.
    • Fully fenced, graveled industrial lot.
    • Located in a designated Opportunity Zone.
    • Lease or lease‑option available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Thermal
    County
    Riverside
    State
    California
    Longitude
    -116.172559
    Latitude
    33.6420827

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    FAQs

    What type of property is this?
    Land - 0.47-acre industrial lot, excellent location.
    Where is this land located?
    The property is located at Of Hwy 111 Thermal, CA.
    What is the asking price?
    The asking price for this property is $49,000.
    What are key features of this property?
    This property features: I-10 access, 4.5 miles south of exit.; Convenient Expressway 86 access.; Fully fenced, graveled industrial lot.
    Request Owner's contact information
    Of Hwy 111 Thermal, CA 92274
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    Realmo Value Estimation

    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.

    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.

    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
    Of Hwy 111 Thermal, CA 92274
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