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    Imperial Beach Commercial Asset Title is generated by Realmo AI

    535 Florence St, Imperial Beach, CA 91932

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    Claim this Listing
    For Sale
    $6,500,000

    Thriving beachfront community with strong connectivity and ongoing revitalization.

    Type:Shopping Strip
    Property size:
    14,915 SF
    Price / SF:
    $435/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:53 am

    Property Features for 535 Florence St

    General Information

    Standard status
    Active
    Size
    14,915 SF
    Property subtype
    Shopping Strip

    Building Details

    Year Built
    1972

    We can help!

    Listing Contact
    Alvin N. Mansour
    Alvin N. Mansour

    Listing agent Alvin N. Mansour License #CA: 01391653, TX: 0606255

    Listing office San Diego Downtown Office

    Listing date Apr 3, 2026

    Source Marcusmillichap

    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 San Diego Downtown Office

    HighLights

    • Beachfront living in a rapidly improving coastal community.
    • Strong tourism activity and year‑round outdoor recreation.
    • Immediate access to the 24‑mile Bayshore Bikeway.
    • Proximity to major military installations providing employment stability.
    • Ongoing revitalization with new hotels, retail, and residential developments.
    • Well‑known attractions like the Imperial Beach Pier and Tijuana River National Estuarine Research Reserve.

    Overview

    Imperial Beach is recognized as one of San Diego County’s most dynamic and rapidly improving coastal communities, offering beachfront living, strong tourism activity, and year-round outdoor recreation. The city has undergone revitalization over the past decade, driven by new hospitality development, enhanced public spaces, and improved coastal amenities. The area attracts a diverse mix of residents, visitors, military personnel, and outdoor enthusiasts. Its location provides immediate access to the Bayshore Bikeway, a 24-mile trail network connecting Imperial Beach with Coronado, Downtown San Diego, and the Silver Strand waterfront corridor. Imperial Beach is also home to attractions including the Imperial Beach Pier and the Tijuana River National Estuarine Research Reserve. Economic momentum continues to build through new hotel projects, modernized retail spaces, residential developments, and the growth of neighboring South Bay communities. Proximity to major military installations adds an additional layer of employment stability and consumer demand. With walkability, tourism patterns, and a growing mix of restaurants, boutique shops, and coastal amenities, Imperial Beach is a highly desirable San Diego submarket. The property is positioned within this thriving beachfront community.
    Location Intelligence

    Current Use by Public Records

    Car Donation Imperial ... Corporate Office Flying Grape Disposal ... Corporate Office Green Garage Solutions Building Supply NOVO Imperial Beach Restaurant Novo Brazil Brewing ... Bar & Pub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Imperial Beach Promenade Shopping Center — Imperial Beach, CA 91932
    • Silver Strand Plaza — 600 Palm Ave, Imperial Beach, CA 91932
    • Breakwater Town Center — 801 Palm Ave, Imperial Beach, CA 91932
    • Imperial Shopping Center — 629-641 9th St, Imperial Beach, CA 91932
    • CoinMover Bitcoin ATM — 1610 Palm Ave Suite #B, San Diego, CA 92154

    Location Insight

    • Map
    • Local Demand
    City
    Imperial Beach
    County
    San Diego
    State
    California
    Longitude
    -117.106545
    Latitude
    32.5873935

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    FAQs

    What type of property is this?
    Shopping center - Thriving beachfront community with strong connectivity and ongoing revitalization.
    Where is this shopping center located?
    The property is located at 535 Florence St Imperial Beach, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: Beachfront living in a rapidly improving coastal community.; Strong tourism activity and year‑round outdoor recreation.; Immediate access to the 24‑mile Bayshore Bikeway.
    (858) 373-3184
    We can help!
    Listing Contact
    Alvin N. Mansour
    Alvin N. Mansour
    Real Estate License ID: CA: 01391653, TX: 0606255
    Learn More
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    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
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    535 Florence St, Imperial Beach (San Diego MSA), CA 91932
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