Building Details

Year Built 1983

Building Size 3,000 SF

Listing Agency: Pat Seay Real Estate

Listed By: Pat Seay · License #CA 01218535

Source: Crexi

Added: Aug 5 Changed: Sep 12 Last Checked: Oct 5 at 5:23PM

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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 Pat Seay Real Estate

Investment Insights

Based on property information with market context.

Located at 500 North N Street in Imperial, this warehouse contains 3,000sf of building area plus an approximately 360sf second-floor mezzanine. The layout also includes an approximately 300-square-feet air-conditioned office and one restroom. An 18-foot clear ceiling supports a range of warehouse and industrial functions.

The property is enclosed by perimeter fencing and accessed through a gated entry. Built in 1983, the building is zoned I-2 Rail Served Industrial, providing a defined industrial setting for an owner-user or operator seeking warehouse space with supporting office area.

Key Highlights

• 3,000sf warehouse with approximately 360sf second‑floor mezzanine
• Approximately 300‑square‑feet of air‑conditioned office space
• 18‑foot clear ceiling height

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,355

Cap Rate

7.41%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$667,100 $667.1K

Cap Rate 7%

$476,500 $476.5K

Cap Rate 9%

$370,611 $370.6K

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$42.8K $14.28/SF

− Vacancy

−$3.6K −$1.20/SF

EGI

$39.2K $13.08/SF

− OpEx

−$5.9K −$1.96/SF

NOI

$33.4K $11.12/SF

Area

Imperial County, CA

Vacancy

8.40%

Lease Rate

$14.28 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$667,100

Cap Rate 7%

$476,500

Cap Rate 9%

$370,611

Alternative Uses

Best Use

Warehouse

$476.5K

$416.9K – $555.9K (±1% cap)

NOI $33,355 @ 7.0% cap · market cap 7.41%

Second Best

Industrial

$392.4K

$343.4K – $457.8K (±1% cap)

NOI $27,469 @ 7.0% cap · market cap 6.10%

Theoretical Best

Office A

$765.3K

$669.6K – $892.8K (±1% cap)

NOI $53,568 @ 7.0% cap · market cap 11.90%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Martin Hydroblasting Services ... Renovation Specialist

Suggested Use

Top Pick Law Firm Parking Lot & Garage Locksmith (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft

Clear height

1

Drive-in doors

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

280

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 92251, CA

25,851

Population

7,719

Households

3.3

Avg Household Size

34

Median Age

17%

College-Educated

78%

High-School Grad

247.4 sq mi

ZIP Area

104

Density / Sq Mi

$83,709

Median Household Income

$48,596

Median Earnings

$1,378

Median Rent

$350,100

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Industrial warehouse with office space, mezzanine storage, gated access, and I-2 Rail Served Industrial zoning.

Where is this warehouse located?

The property is located at 500 South N Street Imperial, CA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 3,000sf warehouse with approximately 360sf second‑floor mezzanine; Approximately 300‑square‑feet of air‑conditioned office space; 18‑foot clear ceiling height