Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Land Near Imperial Avenue Title is generated by Realmo AI

    1119 W Imperial Ave, Calexico, CA 92231

    View on Map
    Claim this Listing
    Pending
    $890,000

    LAND - Calexico, CA

    Lot size:
    0.46 Acres
    Added:
    Jan 20, 2025
    Days on Market:
    479
    Last Refresh:
    May 14 at 9:06 pm

    Property Features for 1119 W Imperial Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CH
    Standard status
    Pending
    APN
    058-120-045-000
    Lot size
    0.46 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 Jan 20, 2025

    MLS# 25489515IC 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.

    HighLights

    • Fee simple land ownership
    • Prime location: Adjacent to the high‑traffic intersection of Imperial Avenue and Hwy 98, near Food4Less shopping center
    • Outparcel to Food4Less anchored shopping center and shadow anchored by Rite Aid
    • Permitted for drive‑thru restaurants
    • Close proximity to residential areas and Calexico High School
    • Located near established businesses: Popeye's, Quick Quack Car Wash, Subway, Little Caesars, Taco Bell, Carl's Junior

    Overview

    This property presents a rare opportunity to own land situated adjacent to the intersection of Imperial Avenue and Hwy 98 in Calexico. It is an outparcel to a Food4Less-anchored shopping center and is shadow-anchored by Rite Aid. The location serves the Imperial Valley and Mexicali (Mexico) areas. The site is strategically located in close proximity to a residential area and approximately 1 mile from Calexico High School. Other businesses in the center include Popeye's Chicken, Quick Quack Car Wash, Subway, Little Caesars Pizza, Taco Bell, and Carl's Junior. The site consists of two merged lots at the corner of Imperial Avenue and Hacienda Dr, totaling 0.46 acres. The property is permitted for drive-thru restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Calexico
    County
    Imperial
    State
    California
    Longitude
    -115.499229
    Latitude
    32.681728

    Nearby Similar for Sale

    • $2,750,000
      20,000 SF

      Prime Retail Location Near Border

      Two-story retail building near US-Mexico border with high foot traffic.
      23 Heffernan Ave, Calexico, CA 92231
      View Details
    • $970,000
      2,136 SF

      Calexico Land Development Opportunity

      3.69 acres in Calexico Opportunity Zone for development.
      1213 C N Perry Rd, Calexico, CA 92231
      View Details
    • $900,000

      Calexico Commercial Land Opportunity

      Prime 1.22-acre commercial land in Calexico, California.
      1000 Cole Rd, Calexico, CA 92231
      View Details
    • $18,000

      Calexico Land Near U.S. Border

      4.5 acres of A-2 zoned land in Calexico, CA.
      Anza Rd, Calexico, CA 92231
      View Details
    • $1,149,000
      4,710 SF

      Calexico Multifamily Investment Opportunity

      Remodeled eight-unit complex with strong income potential in Calexico.
      700 Blair Ave, Calexico, CA 92231
      View Details
    • Contact for pricing
      2,348 SF

      Freestanding Popeyes Drive-Thru Restaurant

      Freestanding Popeyes drive-thru restaurant in high-traffic location with long-term lease.
      1117 Imperial W Ave, Calexico, CA 92231
      View Details
    • $2,100,000

      Calexico Commercial Land Opportunity

      Prime 5.78-acre commercial land parcel in Calexico, California.
      1000 Cole Rd, Calexico, CA 92231
      View Details
    • $550,000
      9,000 SF

      COMMERCIAL - Calexico, CA

      327 E 2nd, Calexico, CA 92231
      View Details
    • $1,300,000

      Calexico Commercial Land Opportunity

      Prime 3.01-acre commercial land in Calexico, California.
      1000 Cole Rd, Calexico, CA 92231
      View Details
    • $1,300,000

      Calexico Land For Sale

      1.93 acre industrial land with high visibility.
      530 W Birch St, Calexico, CA 92231
      View Details
    • $329,000
      1,732 SF

      Calexico Multifamily Investment Opportunity

      Well-maintained triplex near the Mexican border, shopping, and schools.
      737 Renaud Ct, Calexico, CA 92231
      View Details
    • $828,000

      Calexico Land For Sale

      78.74 acres of land in Calexico, California.
      395 Ferrell Rd, Calexico, CA 92231
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land suitable for drive-thru restaurants near Food4Less shopping center.
    Where is this commercial land located?
    The property is located at 1119 W Imperial Ave Calexico, CA.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: Fee simple land ownership; **Prime location:** Adjacent to the high‑traffic intersection of Imperial Avenue and Hwy 98, near Food4Less shopping center; Outparcel to Food4Less anchored shopping center and shadow anchored by Rite Aid
    (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

    Thank You for Inquiry
    1119 W Imperial Ave, Calexico, CA 92231
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!