Fenced Warehouse with
For Sale
Contact for pricing
500 South N Street, Imperial, CA 92251
Industrial warehouse with office space, mezzanine storage, gated access, and I-2 Rail Served Industrial zoning.
Property Size3,000 SF
Price / SF$150
Days on Market17
Property Features for 500 South N Street
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Industrial
Zoning
I-2
Warehouse & Industrial
Clear Height
18 ft
Office Build-Out
300 SF
Mezzanine
360 SF
Drive-In Doors
1
Additional Details
Fenced Yard
Yes
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: Aug 21
Last Checked: Aug 20 at 5:42PM
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.
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 = 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
$33,355
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
7.41%
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%
$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
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
$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 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%
$667,100
Cap Rate 7%
$476,500
Cap Rate 9%
$370,611
Alternative Uses
Best Use
Warehouse
$476.5K
$416.9K – $555.9K
NOI $33,355 @ 7.0% cap · market cap 7.41%
Second Best
Industrial
$392.4K
$343.4K – $457.8K
NOI $27,469 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$765.3K
$669.6K – $892.8K
NOI $53,568 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
