For Sale
$249,999
537 W Banta Rd, Imperial, CA 92251
Land, Imperial, CA
Property Size1,440 SF
Lot Size2.11 Acres
Price / SF$173.61
Days on Market9
Property Features for 537 W Banta Rd
General Information
Property type
Land
Property subtype
Other
Zoning
A1
Directions
Nance - North, Banta Road - East
Subdivision
580
Standard status
Active
APN
064-240-015-000
Size
1,440 SF
Lot size
2.11 Acres
Taxes and HOA fees
Tax Description
BLK:99 CITY:IMPERIAL SUBD:IMPERIAL SUBDIVISION #1 E 152 FT OF N 150 FT & E 147 FT OF S 470 FT BLK 99
Legal Description
BLK:99 CITY:IMPERIAL SUBD:IMPERIAL SUBDIVISION #1 E 152 FT OF N 150 FT & E 147 FT OF S 470 FT BLK 99
Utilities
Sewer type
Septic Tank
Listing Agency:
Capital Real Estate
(760) 562-7280
Listed By:
Patricia Meza · License #01777917
(760) 562-7280
Added: Aug 14
Changed: Aug 22
Last Checked: Aug 22 at 5:06AM
MLS# 26872921IC
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,947
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$238,940
$238.9K
Cap Rate 7%
$170,671
$170.7K
Cap Rate 9%
$132,744
$132.7K
Market Conditions
NOI Build-Up for 1,440 SF
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.
Gross rent
$22.5K $15.60/SF
− Vacancy
−$741 −$0.51/SF
EGI
$21.7K $15.09/SF
− OpEx
−$9.8K −$6.79/SF
NOI
$11.9K $8.30/SF
Area
Imperial County, CA
Vacancy
3.30%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$238,940
Cap Rate 7%
$170,671
Cap Rate 9%
$132,744
Alternative Uses
Best Use
Apartment 5plus
$170.7K
$149.3K – $199.1K
NOI $11,947 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.3K
$321.4K – $428.6K
NOI $25,713 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 92251, CA
25,851
Population
7,719
Households
3.3
Avg Household Size
34
Median Age
17%
College-Educated
78%
High-School Grad
247.4 sq mi
ZIP Area
104
Density / Sq Mi
$83,709
Median Household Income
$48,596
Median Earnings
$1,378
Median Rent
$350,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
Where is this residential land & home lot located?
The property is located at 537 W Banta Rd Imperial, CA.
What is the asking price?
The asking price for this property is $249,999.
