Multi-Building Warehouse
For Sale
$3,500,000
220 E Commercial Ave, El Centro, CA 92243
Three fenced warehouse buildings provide cold storage, office space, alarm systems, and immediate occupancy.
Property Size31,000 SF
Lot Size3.20 Acres
Price / SF$112.90
Days on Market49
Property Features for 220 E Commercial Ave
General Information
Standard status
Active
Size
31,000 SF
Lot size
3.20 Acres
Property subtype
Other
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Utilities to Site
Yes
Warehouse & Industrial
Office Build-Out
444 SF
Cold Storage
Yes
Building Details
Building Size
31,000 SF
Buildings
3
Listing Agency:
Coldwell Banker The Wilkinson Team
(760) 352-7700
Listed By:
Daniel Wilkinson · License #01276127
Source:
Commercialcafe
Added: Jul 13
Changed: Aug 30
Last Checked: Aug 30 at 1:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker The Wilkinson Team
Investment Insights
Based on property information with market context.
This warehouse property comprises approximately 31,000 sft +/- across three separate buildings on 3.2 acres +/-. The west and middle buildings each contain 9,720sft +/-, while the east building offers 7,320sft plus 3,782sft of cold storage. Dedicated cold-storage areas measure 250sft +/- in Building 1 and 500sft +/- in Building 2. A 444 sft +/- office, detached open storage building, and cement-ramp access add functional support space. The warehouses are fenced and alarmed, with three power meters and two water meters.
Permitted uses listed for the location include warehouse distribution, warehouse storage, manufacturing, fulfillment center, RV storage, R&D, mini storage, aggregate storage, and trucking yard/terminal operations. The property provides access to Dogwood Rd, H-111, and I-8 and is available for immediate occupancy.
Permitted uses listed for the location include warehouse distribution, warehouse storage, manufacturing, fulfillment center, RV storage, R&D, mini storage, aggregate storage, and trucking yard/terminal operations. The property provides access to Dogwood Rd, H-111, and I-8 and is available for immediate occupancy.
Key Highlights
- Approximately 31,000 sft +/- of warehouse space on 3.2 acres +/-
- Three separate warehouse buildings with 9,720sft +/-, 9,720sft +/-, and 7,320sft
- Cold storage includes 250sft +/-, 500sft +/-, and 3,782sft
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
$283,846
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
8.11%
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%
$5,676,920
$5.7M
Cap Rate 7%
$4,054,943
$4.1M
Cap Rate 9%
$3,153,844
$3.2M
Market Conditions
NOI Build-Up for 31,000 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
$442.7K $14.28/SF
− Vacancy
−$37.2K −$1.20/SF
EGI
$405.5K $13.08/SF
− OpEx
−$121.6K −$3.92/SF
NOI
$283.8K $9.16/SF
Area
Imperial County, CA
Vacancy
8.40%
Lease Rate
$14.28 /SF/Yr
Expense Ratio
30.00%
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%
$5,676,920
Cap Rate 7%
$4,054,943
Cap Rate 9%
$3,153,844
Alternative Uses
Best Use
Warehouse
$4.92M
$4.31M – $5.74M
NOI $344,671 @ 7.0% cap · market cap 9.85%
Second Best
Industrial
$4.05M
$3.55M – $4.73M
NOI $283,846 @ 7.0% cap · market cap 8.11%
Theoretical Best
Office A
$7.91M
$6.92M – $9.23M
NOI $553,536 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92243, CA
49,149
Population
15,908
Households
3.1
Avg Household Size
36
Median Age
16%
College-Educated
74%
High-School Grad
113.3 sq mi
ZIP Area
434
Density / Sq Mi
$55,890
Median Household Income
$31,170
Median Earnings
$992
Median Rent
$286,100
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Three fenced warehouse buildings provide cold storage, office space, alarm systems, and immediate occupancy.
Where is this warehouse located?
The property is located at 220 E Commercial Ave El Centro, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Approximately 31,000 sft +/- of warehouse space on 3.2 acres +/-; Three separate warehouse buildings with 9,720sft +/-, 9,720sft +/-, and 7,320sft; Cold storage includes 250sft +/-, 500sft +/-, and 3,782sft
