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

    224 E Aurora Dr El Centro, CA 92243

    View on Map
    Claim this Listing
    Picture of Industrial land at 224 E Aurora Dr, El Centro, CA
    Pending
    $995,000

    LAND - El Centro, CA

    Lot size:
    4.99 Acres
    Added:
    Apr 17, 2022
    Days on Market:
    1467
    Last Refresh:
    Apr 22 at 7:06 am

    Property Features for 224 E Aurora Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    ML
    Fencing
    Chain Link
    Standard status
    Pending
    APN
    UNAVAILABLE
    Lot size
    4.99 Acres

    We can help!

    Listing Contact
    Patricia Seay

    Listing agent Patricia Seay License #01218535

    Listing office Pat Seay Real Estate 1411 State St. Suite B, El Centro, CA

    Listing date Apr 17, 2022

    MLS# 22150581IC Listing URL

    Copyright © 2026 Imperial County 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.

    Overview

    Industrial Land in El Centro

    This 4.99-acre industrial land is located at the northeast corner of Aurora and Fairfield in El Centro, California. The property, zoned for light manufacturing (ML), offers convenient access and wide turn access from both Fairfield and Aurora. It is fenced and gated. The property is identified as APN 054-041-057. An adjacent 5-acre parcel located at 280 E Aurora Dr (APN 054-471-058) is also available for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    El Centro
    County
    Imperial
    State
    California
    Longitude
    -115.541181
    Latitude
    32.778206

    Nearby Similar for Sale

    • $1,295,000

      El Centro Nightclub and Bar

      Turnkey nightclub and bar in El Centro, California for sale.
      600 W. Main Street, El Centro, CA 92243
      View Details
    • $998,880
      2,330 SF

      El Centro Restaurant Building For Sale

      Restaurant building in El Centro with full commercial kitchen.
      445 E Main, El Centro, CA 92243
      View Details
    • $990,000

      Prime Commercial Land in El Centro

      4.15 acres of commercial land in a high-traffic area.
      3103 S 4th St, El Centro, CA 92243
      View Details
    • $695,000

      Expansive Parcel in El Centro

      Nearly 2.5-acre parcel in high-traffic area, close to amenities.
      1605 Us Highway 86, El Centro, CA 92243
      View Details
    • $250,000

      El Centro Land Opportunity

      3.66 acres with well, septic, and concrete pad.
      2465 Meloland Rd, El Centro, CA 92243
      View Details
    • $150,000

      El Centro Commercial Land

      Commercially zoned land near I-8 and Imperial Valley Mall.
      1887 S Dogwood Rd, El Centro, CA 92243
      View Details
    • $150,000

      El Centro Commercial Land

      Commercially zoned land near I-8 and Imperial Valley Mall.
      1859 S Dogwood Rd, El Centro, CA 92243
      View Details
    • $125,000

      Commercial Land in El Centro

      Commercial land suitable for retail and shopping developments.
      1803 S Dogwood Rd, El Centro, CA 92243
      View Details
    • $1,225,000
      362,419 SF

      Prime Industrial Land Opportunity

      8.32 acres of industrial land in El Centro, CA.
      105 E Ross Ave, El Centro, CA 92243
      View Details
    • $345,000
      1,800 SF

      El Centro Duplex Opportunity

      Duplex in El Centro, suitable for investment or multigenerational living.
      526 Vine St, El Centro, CA 92243
      View Details
    • $1,300,000

      47.38 Acres in El Centro

      Agricultural land with rail access near Naval Air Facility.
      1542 W Evan Hewes Highway, El Centro, CA 92243
      View Details
    • $675,000
      3,471 SF

      El Centro Multifamily Investment Opportunity

      Five-unit residential property near Vons Shopping Center in El Centro.
      1034 Woodward Ave, El Centro, CA 92243
      View Details

    FAQs

    What type of property is this?
    Industrial land - 4.99 acre industrial land for sale in El Centro.
    Where is this industrial land located?
    The property is located at 224 E Aurora Dr El Centro, CA.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Rare 4.99‑acre industrial lot in El Centro.; Light Manufacturing (ML) zoning.; Easy access location at the corner of Aurora and Fairfield.
    (760) 353-0849
    We can help!
    Listing Contact
    Patricia Seay
    Real Estate License ID: 01218535
    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!