Two-Story Corner Retail
23 Heffernan Ave Calexico, CA 92231
23 Heffernan Ave, Calexico, CA, 92231
$2,750,000
For Sale
$2,750,000
COMMERCIAL - Calexico, CA
Property Size20,000 SF
Lot Size0.32 Acres
Price / SF$137.50
Days on Market92
Property Features for 23 Heffernan Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 058-524-005-000
- Lot size
- 0.32 Acres
Utilities
- Heating system
- Forced Air, Electric (Heating), Central
- Cooling system
- Electric, Central Air
Building Details
- Number of units
- 2
- Flooring type
- Slab
Listing agency
American Group
(760) 768-8808
Listed by
Manny Hernandez · License #01253348
(760) 427-3610
Added: Apr 22 Updated: Jul 15 at 3:51AM Checked: Jul 22 at 3:06AM
MLS# 260009721
Copyright © 2026 San Diego MLS. 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 two-story commercial building offers 20,000+ square feet and is positioned on a corner setting. Public remarks indicate approximately 80% of the space is dedicated to retail use and is currently under temporary retail leases.
Located in a border-adjacent area, the property is described as the first building visible upon entering the U.S. from Mexico, on First Street. The remarks also cite an estimated 50,000 pedestrians crossing daily between Mexicali, Baja California and Calexico, California.
The offering is presented as suited to a range of retail and service concepts given its corner placement and heavy foot traffic profile, with temporary leasing currently in place for the majority of the premises.
Located in a border-adjacent area, the property is described as the first building visible upon entering the U.S. from Mexico, on First Street. The remarks also cite an estimated 50,000 pedestrians crossing daily between Mexicali, Baja California and Calexico, California.
The offering is presented as suited to a range of retail and service concepts given its corner placement and heavy foot traffic profile, with temporary leasing currently in place for the majority of the premises.
Key Highlights
- Prime retail location directly on the US/Mexico border.
- High foot traffic: 50,000 pedestrians daily.
- Substantial size: 20,000+ square feet, two‑story building.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $360.0k | $18.00 |
| − Vacancy | −$18.0k | −$0.90 |
| EGI | $342.0k | $17.10 |
| − OpEx | −$102.6k | −$5.13 |
| NOI | $239.4k | $11.97 |
20,000 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.42M
$2.99M – $3.99M
NOI $239,400 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.10M
$4.46M – $5.95M
NOI $357,120 @ 7.0% cap · market cap 12.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
HABIBI Premium Deals
Department Store
TJS
Clothing Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story corner building with 80% of space under temporary retail leases and an estimated high pedestrian flow.
Where is this retail space located?
The property is located at 23 Heffernan Ave Calexico, CA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Prime retail location directly on the US/Mexico border.; High foot traffic: **50,000 pedestrians daily**.; Substantial size: **20,000+ square feet, two‑story building**.
