Building Details

Year built 1959

Listing Agency: Coldwell Banker West · Coldwell Banker Real Estate i***@cbwhomes.com Show Phone

Listed By: Mercedes Estrada · License #01229142 Show Phone

Added: Oct 1 Changed: Nov 2 Last Checked: Nov 4 at 1:06PM

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MLS# PTP2608097

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

At 629-641 9th Street in Imperial Beach, this shopping center provides 8,639 square feet across eight retail suites. Built in 1959, the property is fully occupied and includes 18 parking spaces.

Key Highlights

• Eight retail suites spanning 8,639 square feet
• Fully occupied retail property
• 18 parking spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$135,701

Cap Rate

7.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,714,020 $2.7M

Cap Rate 7%

$1,938,586 $1.9M

Cap Rate 9%

$1,507,789 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,639 SF

Gross rent

$207.3K $24.00/SF

− Vacancy

−$13.5K −$1.56/SF

EGI

$193.9K $22.44/SF

− OpEx

−$58.2K −$6.73/SF

NOI

$135.7K $15.71/SF

Area

San Diego County, CA

Vacancy

6.50%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,714,020

Cap Rate 7%

$1,938,586

Cap Rate 9%

$1,507,789

Alternative Uses

Best Use

Retail

$1.94M

$1.70M – $2.26M (±1% cap)

NOI $135,701 @ 7.0% cap · market cap 7.24%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.96M

$3.46M – $4.62M (±1% cap)

NOI $277,067 @ 7.0% cap · market cap 14.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Imperial Shopping Center Shopping Center & Mall

Suggested Use

Top Pick Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Food Market Grocery & Convenience Store Locksmith

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

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

733

Businesses Nearby

29k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 54% Dining 46%

ARCO Shops & Services

7,242 visits/mo 0.4 miles

Wienerschnitzel Dining

7,154 visits/mo 0.5 miles

Carl's Jr. Dining

6,288 visits/mo 0.5 miles

The UPS Store Shops & Services

3,722 visits/mo 0.5 miles

O'Reilly Auto Parts Shops & Services

3,636 visits/mo 0.5 miles

Demographics for 91932, CA

26,013

Population

10,276

Households

2.5

Avg Household Size

35

Median Age

24%

College-Educated

85%

High-School Grad

4.3 sq mi

ZIP Area

6,050

Density / Sq Mi

$79,071

Median Household Income

$41,917

Median Earnings

$1,914

Median Rent

$811,000

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Similar Off Market Nearby

• Breakwater Town Center — 801 Palm Ave, Imperial Beach, CA 91932
• Silver Strand Plaza — 600 Palm Ave, Imperial Beach, CA 91932
• Imperial Beach Promenade Shopping Center — Imperial Beach, CA 91932
• Imperial Shopping Center — 629-641 9th St, Imperial Beach, CA 91932
• Bikeway Village — 536 13th St, Imperial Beach, CA 91932

Frequently Asked Questions

What type of property is this?

Shopping center - The property is fully occupied and includes on-site parking.

Where is this shopping center located?

The property is located at 629-641 9th Street Imperial Beach, CA.

What is the asking price?

The asking price for this property is $1,875,000.

What are key features of this property?

This property features: Eight retail suites spanning 8,639 square feet; Fully occupied retail property; 18 parking spaces