Thermal, CA
Commercial Real Estate Market Trends & Data

$425 Avg asking sale price
$1,214,659 Avg asking lease rate
1,640,034 SF Avg unit lease size
14,805 SF Avg building size for sale
5.18% Average cap rate

Thermal's Demographic Profile

Thermal has 413 households and a median income of $22,925, providing context for rent absorption and tenant demand across retail and multifamily assets. A -5% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 1,655
# Households 413
Median age 31
Median household income $22,925
Avg household size 4.0
Renter-occupied housing units 207
5-year population change -5%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Thermal, CA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Vista Santa Rosa $528 41,092 SF 6.50%
Coachella $399 17,215 SF 6.50%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
La Quinta $231 23,617 SF 6.25%
Indio $250 25,885 SF 6.35%
Nearby Retail Markets Avg Cost/SF Typical Size
Thermal $610 1,787 SF
Vista Santa Rosa $458 26,996 SF
Coachella $326 19,968 SF
Salton City $610 1,787 SF
La Quinta $774 38,127 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Coachella $285 5,240 SF 6.14%
Indio $264 65,600 SF 6.72%
Indian Wells $370 3,986 SF 8.95%

Commercial Properties For Sale in Thermal

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

9.66 Acres Close To Coachella Music Festival

Thermal, CA 92274

  • 9.66 AC Lot
  • 1 Residential Income Lot
  • $1,300,000
For Sale

Perfect investment opportunity

Thermal, CA 92274

  • 0.45 AC Lot
  • 1 Residential Income Lot
  • $29,000
For Sale

473 acres Pars Ranch

Thermal, CA 92274

  • 473 AC Lot
  • 1 Residential Income Lot
  • $79,000,000
For Sale

98 Acre Lemon Ranch in Warm Area

Thermal, CA 92274

  • 98.18 AC Lot
  • 1 Commercial Lot
  • $1,750,000
For Sale

Lot 6 Finished Industrial Lot APN 763-141-01

Coachella, CA 92236

  • 2.51 AC Lot
  • 1 Industrial Lot
  • $380,000
For Sale

2060 Jefferson Ave, Thermal, CA, 92274

Thermal, CA 92274

  • 1.96 AC Lot
  • 1 Commercial Lot
  • $189,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Thermal pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Thermal $425 14,805 SF
Vista Santa Rosa $458 26,996 SF

Regional Demographic Comparison

This comparison places Thermal alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Thermal or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Thermal 1,655 413 31 $22,925 4 207 -5%
Desert Shores 1,237 357 33 $23,224 3 117 2%
Mecca 6,500 1,448 29 $31,065 4 776 -2%
Vista Santa Rosa 2,259 593 35 $68,624 4 182 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Thermal, CA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Thermal

View All Commercial Real Estate For Sale in Thermal
Is Thermal a good market for a first-time commercial real estate investor?

Thermal offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Thermal?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Thermal. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Thermal?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Thermal. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Thermal compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Thermal. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Thermal acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Thermal, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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