Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    510 W Main St El Centro, CA 92243

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,395,000

    32,000 SF retail/office building in El Centro, California.

    Lot size:
    0.38 Acres

    Property Features for 510 W Main St

    General Information

    Standard status
    Active
    Lot size
    0.38 Acres

    We can help!

    Listing Contact
    Ramon Cardenas Jr
    Source: Exprealty

    Listing Agency: Century 21 Allstars Listing Agent: Ramon Cardenas Jr

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

    Learn more

    Overview

    Main Street Retail/Office Mall

    The Main St Mall is a two-story building offering approximately 32,000 square feet of retail and office space. Located in the heart of El Centro, California, the property provides significant exposure to the downtown corridor and is situated a few blocks from the Imperial County Superior County. The tenant mix includes well-established businesses, nonprofit offices, and health care providers. This property offers stable in-place income with strong rental growth potential.
    Location Intelligence

    Current Use by Public Records

    Main St. Mall Shopping Mall Santa Maria's Children ... Child Health Care Centre California United Homecare Home Health Care Service Imperial Medical Supplies Medical Supply Store A.A Group Accommodation

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    El Centro
    County
    Imperial
    State
    California
    Longitude
    -115.5550633
    Latitude
    32.7931665

    Nearby Similar for Sale

    • $1,295,000
      6,000 SF

      El Centro Nightclub and Bar

      Established nightclub and bar with strong revenue in El Centro.
      600 W Main St, El Centro, CA 92243
      View Details
    • $330,000
      2,082 SF

      El Centro Triplex Investment Opportunity

      Triplex in prime location with development potential and steady income.
      1751 N Mcdonald 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
    • $480,000
      2,082 SF

      El Centro Triplex Investment Opportunity

      Triplex in prime location with future development potential.
      1751 N Mcdonald St, 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
    • $340,000
      6,800 SF

      El Centro Commercial Building For Sale

      Commercial building in downtown El Centro with medical office and warehouse/retail.
      471 W Main St, El Centro, CA 92243
      View Details
    • $329,000
      1,464 SF

      El Centro Duplex Investment

      Duplex in established neighborhood near schools and shopping.
      1578 W Orange Ave, El Centro, CA 92243
      View Details
    • $1,395,000
      32,000 SF

      El Centro Retail/Office Building

      32,000 sq ft retail/office building in El Centro, CA
      510 W Main St, El Centro, CA 92243
      View Details
    • $795,000
      16,000 SF

      El Centro Commercial Opportunity

      Open space building in El Centro, California.
      759 W Main St, El Centro, CA 92243
      View Details
    • $520,000
      2,400 SF

      El Centro Multi-Family Property

      Multi-family property for sale in El Centro, California.
      464 W Olive Ave, El Centro, CA 92243
      View Details
    • $2,395,000
      15,960 SF

      El Centro Professional Building For Sale

      Two-story office/medical building near El Centro Regional Medical Center.
      797 W Main St, El Centro, CA 92243
      View Details
    • $4,000,000
      2,276 SF

      Leased Retail Investment Opportunity

      Multi-tenant retail property in El Centro, California.
      1627-1649 W Main St, El Centro, CA 92243
      View Details

    FAQs

    What type of property is this?
    Shopping mall - 32,000 SF retail/office building in El Centro, California.
    Where is this shopping mall located?
    The property is located at 510 W Main St El Centro, CA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: - Prime location in the heart of El Centro, CA, offering high visibility and exposure.; - Stable "in-place" income with strong rental growth potential.; - Diverse tenant mix of established businesses, nonprofits, and healthcare providers.
    (313) 388-5300
    Request Owner's contact information
    510 W Main St 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.
    510 W Main St
    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
    510 W Main St 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!
    Listing Contact
    Ramon Cardenas Jr
    (313) 388-5300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.