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

    1620 N Imperial Ave El Centro, CA 92243

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Stabilized investment property in El Centro's retail corridor.

    Property size:
    2,400 SF
    Lot size:
    17.29 Acres

    Property Features for 1620 N Imperial Ave

    General Information

    Size
    2,400 SF
    Lot size
    17.29 Acres

    We can help!

    Listing Contact
    Craig Duhs
    Craig Duhs
    Source: Moodyscre

    Listing Agency: Duhs Commercial Listing Agent: Craig Duhs

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Grocery & Fitness Anchored Center

    This stabilized investment property is a dominant grocery and fitness shadow-anchored center, situated in the heart of the city’s retail corridor. The property offers upside potential due to below-market rents. The property contains 62106 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MoneyGram Bank Taris Jewelry and Watch ... (Bike/Boat/Book/etc) Store Cardenas Markets Specialty Food Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    El Centro Town Center, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk, California DMV Now Kiosk, Coin Cloud Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    El Centro
    County
    Imperial
    State
    California
    Longitude
    -115.5713748
    Latitude
    32.8081198

    Nearby Similar for Sale

    • $1,295,000
      4,000 SF

      El Centro Nightclub and Bar

      Turnkey nightclub and bar in El Centro, California for sale.
      600 W Main St, 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
    • New
      $349,000
      Pending

      El Centro Income Property

      Two-unit property with income potential in El Centro, California.
      592 W Heil Ave, El Centro, CA 92243
      View Details
    • $329,000
      Pending

      El Centro Duplex Investment

      Duplex in established neighborhood near schools and shopping.
      1578 W Orange Ave, El Centro, CA 92243
      View Details
    • $345,000
      1,800 SF

      El Centro Duplex Opportunity

      Well-maintained duplex in El Centro, ideal for investment or living.
      526 Vine St, El Centro, CA 92243
      View Details
    • $340,000

      El Centro Mixed-Use Building

      Mixed-use building in downtown El Centro with medical office and warehouse/retail.
      471 W Main St, El Centro, CA 92243
      View Details
    • $1,395,000

      Main Street Retail/Office Building

      32,000 sq ft retail/office building in El Centro, CA.
      510 W Main St, El Centro, CA 92243
      View Details
    • $1,300,000
      47.38 Acres

      47.38 Acres in El Centro

      Agricultural land with rail access near Naval Air Facility.
      1542 W Evan Hewes Hwy, El Centro, CA 92243
      View Details
    • $810,000
      60.00 Acres

      60 Acres of Organic Farmland

      Organic farmland near Imperial and El Centro with water system.
      823 W Aten Rd, El Centro, CA 92243
      View Details
    • Contact for pricing
      13,800 SF

      Retail Space Near Major Retailers

      Retail space with high visibility near Target and Lowe’s.
      2053-2295 N Imperial Ave, El Centro, CA 92243
      View Details
    • $550,000
      3,200 SF

      El Centro Auto Shop - Prime Location

      Profitable Auto Shop, Owner Will Relocate
      600 Broadway St, El Centro, CA 92243
      View Details
    • Contact for pricing
      2,330 SF

      Retail Building with Commercial Kitchen

      One-story retail building formerly a restaurant with full commercial kitchen.
      445 E Main St, El Centro, CA 92243
      View Details

    FAQs

    What type of property is this?
    Shopping center - Stabilized investment property in El Centro's retail corridor.
    Where is this shopping center located?
    The property is located at 1620 N Imperial Ave El Centro, CA.
    What is the asking price?
    The asking price for this property is $11,630,000.
    What are key features of this property?
    This property features: - Stabilized Investment opportunity awaits.; - Dominant Grocery & Fitness Shadow Anchored Center, attracting consistent traffic.; - Upside in Below Market Rents, offering potential for increased revenue.
    (619) 491-0612 Call to check price and availability
    Request Owner's contact information
    1620 N Imperial Ave El Centro, CA 92243
    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.
    1620 N Imperial Ave
    El Centro, CA 92243
    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
    1620 N Imperial Ave El Centro, CA 92243
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Craig Duhs
    Craig Duhs
    Real Estate License ID: 01086079
    (619) 491-0612 (619) 540-1001 (619) 491-0335
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!