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Property profile & analytics
FOR SALE
Manufacturing properties
85188 Airport Blvd Thermal, CA 92274
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0610986
For Sale
1 / 3
$2,600,000
85188 Airport Blvd, Thermal, CA 92274
View Listing →
Property summary
AI-generated overview
This 6.15-acre commercial land parcel, located at 85188 Airport Blvd, Thermal, CA 92274 (APN 763-250-014, 039), is offered at $2,600,000. The property features MSC zoning, allowing for diverse commercial and industrial uses. Potential uses include self and RV storage, vehicle and boat sales, equipment sales, feed and grain sales, breweries, distilleries, restaurants, and even a church. The site benefits from its proximity to key attractions, including the Desert International Horse Park, The Thermal Club (a high-end racetrack), and Jacqueline Cochran Regional Airport. Furthermore, it's minutes away from polo clubs and renowned music festivals. The property includes an existing construction yard with an office, and is completely fenced. Utilities are connected to the site, with two electric meters – one 3-phase and the other 1-phase for the office. This prime location and flexible zoning make this an exceptional investment opportunity. The property is fee simple ownership.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2005
Construction
WOOD
Total area
1,126 SF
Lot
2.65 ac (115,434 SF)
Zoning code
W2
APN
763-250-039
UPID
US09-0610986
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Thermal Showgrounds) Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
James Franco JR · 10 yrs held
James Franco JR
since 2016
2 recorded transactions
Zoning & alternative use
W2 · Thermal, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Thermal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Thermal submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,795
Tax year 2024
Assessed value
$342,367
Assessed 2024
Previous assessed
$342,367
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$185,691
Assessed improvement
$156,676
Applied tax rate
58.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Total area
1,126 SF
Lot
2.65 ac (115,434 SF)
Zoning code
W2
APN
763-250-039
UPID
US09-0610986
Jurisdiction
RIVERSIDE
Zoning & alternative use
W2 · Thermal, CA
Zoning W2 · permitted uses
W2 · Thermal, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Thermal. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
WOOD
Heating
NONE
Stories
1
Units
2
Lot
2.65 ac
Current owner
From public records · entity-resolved
James Franco JR
Individual
Free & Clear · 10 yrs held
Mailing address
52945 AVENIDA VELASCO, LA QUINTA, CA 92253-3354
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2016
$385,000
James Franco JR
Franco James
Grant Deed
—
Apr 29, 2016
—
James Franco JR
Franco,james SR
Affidavit Of Death
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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