Freestanding Auto Parts Retail
For Sale
Contact for pricing
331 Imperial Avenue, Calexico, CA 92231
Single-tenant freestanding facility offered with a lease backed by O'Reilly's Auto Parts and more than 15 years remaining.
Property Size9,442 SF
Lot Size0.45 Acres
Price / SF$264.77
Days on Market51
Property Features for 331 Imperial Avenue
General Information
Standard status
Active
Size
9,442 SF
Class
C
Total Parking Spaces
35
Lot size
0.45 Acres
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$134,840
Building Details
Year Built
1990
Stories
1
Tenancy
Single
Listing Agency:
REME Real Estate
Listed By:
David Gomez · License #CA01858522
Source:
Crexi
Added: Jun 22
Changed: Aug 9
Last Checked: Aug 9 at 3:57PM
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 REME Real Estate
Investment Insights
Based on property information with market context.
This offering presents a freestanding automotive retail building that includes O'Reilly's Auto Parts and a Money Exchange. The property spans 9,000+ square feet and sits on approximately 0.45 acres of land, providing a dedicated site for this specialized use.
Located at 311 Imperial Ave in Calexico, California, the building is positioned directly on Imperial Avenue. The transaction includes an existing lease tied to O'Reilly's Auto Parts.
The sale includes a lease backed by O'Reilly's Auto Parts, with more than 15 years remaining on the agreement at the time of listing. For investors or operators evaluating automotive-related retail real estate, this structure offers a straightforward ownership interest in a freestanding facility currently operating under a long-term retail lease arrangement.
Located at 311 Imperial Ave in Calexico, California, the building is positioned directly on Imperial Avenue. The transaction includes an existing lease tied to O'Reilly's Auto Parts.
The sale includes a lease backed by O'Reilly's Auto Parts, with more than 15 years remaining on the agreement at the time of listing. For investors or operators evaluating automotive-related retail real estate, this structure offers a straightforward ownership interest in a freestanding facility currently operating under a long-term retail lease arrangement.
Key Highlights
- Freestanding single‑tenant auto parts and money exchange building totaling 9,000+ SF
- Located on Imperial Avenue in Calexico, CA, on approximately 0.45 acres
- Year built: 1990
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
$113,021
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
4.52%
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%
$2,260,420
$2.3M
Cap Rate 7%
$1,614,586
$1.6M
Cap Rate 9%
$1,255,789
$1.3M
Market Conditions
NOI Build-Up for 9,442 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
$170.0K $18.00/SF
− Vacancy
−$8.5K −$0.90/SF
EGI
$161.5K $17.10/SF
− OpEx
−$48.4K −$5.13/SF
NOI
$113.0K $11.97/SF
Area
Imperial County, CA
Vacancy
5.00%
Lease Rate
$18.00 /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%
$2,260,420
Cap Rate 7%
$1,614,586
Cap Rate 9%
$1,255,789
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $113,021 @ 7.0% cap · market cap 4.52%
Second Best
Industrial
$1.24M
$1.08M – $1.44M
NOI $86,454 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,596 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
187k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 47%
Electronics 3%
Apparel 2%
McDonald's
Dining
43,572 visits/mo
0.0 miles
Jack in the Box
Dining
30,236 visits/mo
0.0 miles
Wells Fargo
Shops & Services
15,769 visits/mo
0.3 miles
Watermill Express
Shops & Services
13,866 visits/mo
0.1 miles
7-Eleven
Shops & Services
11,308 visits/mo
0.3 miles
Demographics for 92231, CA
39,542
Population
11,799
Households
3.4
Avg Household Size
36
Median Age
21%
College-Educated
65%
High-School Grad
68.6 sq mi
ZIP Area
576
Density / Sq Mi
$50,114
Median Household Income
$26,738
Median Earnings
$1,049
Median Rent
$281,600
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Mac AUTOTECH — 477 Cesar Chavez Blvd ste 15, Calexico, CA 92231
- Calexico Auto &Truck Repair — 421 Cesar Chavez Blvd B, Calexico, CA 92231
- Macho Tires Calexico — 509 Emerson Ave, Calexico, CA 92231
- Frontera Tire Services — 307 cesar chavez blvd, calexico, ca 92231
- Sinclair Auto — 250 Imperial Ave, Calexico, CA 92231
Frequently Asked Questions
What type of property is this?
Auto shop - Single-tenant freestanding facility offered with a lease backed by O'Reilly's Auto Parts and more than 15 years remaining.
Where is this auto shop located?
The property is located at 331 Imperial Avenue Calexico, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Freestanding single‑tenant auto parts and money exchange building totaling 9,000+ SF; Located on Imperial Avenue in Calexico, CA, on approximately 0.45 acres; Year built: 1990
