Storefront Property with
For Sale
$1,200,000
723 Imperial Avenue, Calexico, CA 92231
The property includes an outdoor patio, dedicated office areas, and a pre-designed route for drive-through operations.
Property Size5,000 SF
Price / SF$240
Days on Market291
Property Features for 723 Imperial Avenue
General Information
Standard status
Active
Size
5,000 SF
Property subtype
General Commercial
Additional Details
Road Access
Yes
Patio
Yes
Amenities
outdoor patio space
3
Building Details
Year Built
1990
Listing Agency:
(619) 663-8680
Listed By:
Real Broker
Source:
Xome
Added: Nov 13, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:11PM
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 Real Broker
Investment Insights
Based on property information with market context.
This 5,000 SF storefront property at 723 Imperial Avenue includes a pre-designed drive-through route, outdoor patio space, and additional office areas. Built in 1990, the property is configured for commercial use with features that support restaurant operations and other drive-through concepts.
The site is positioned near the West Land Port of Entry and next to McDonald's and Jack in the Box. Current occupants are on month-to-month arrangements, and the property can be delivered vacant, providing flexibility for an owner-user or a future occupant.
The site is positioned near the West Land Port of Entry and next to McDonald's and Jack in the Box. Current occupants are on month-to-month arrangements, and the property can be delivered vacant, providing flexibility for an owner-user or a future occupant.
Key Highlights
- 5,000 SF storefront property built in 1990
- Pre‑designed drive‑through route integrated into the lot
- Outdoor patio area for restaurant use
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
$65,211
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
5.43%
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%
$1,304,220
$1.3M
Cap Rate 7%
$931,586
$931.6K
Cap Rate 9%
$724,567
$724.6K
Market Conditions
NOI Build-Up for 5,000 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
$92.4K $18.48/SF
− Vacancy
−$5.5K −$1.09/SF
EGI
$86.9K $17.39/SF
− OpEx
−$21.7K −$4.35/SF
NOI
$65.2K $13.04/SF
Area
Imperial County, CA
Vacancy
5.90%
Lease Rate
$18.48 /SF/Yr
Expense Ratio
25.00%
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%
$1,304,220
Cap Rate 7%
$931,586
Cap Rate 9%
$724,567
Alternative Uses
Best Use
Specialty Retail
$931.6K
$815.1K – $1.09M
NOI $65,211 @ 7.0% cap · market cap 5.43%
Second Best
Retail
$855.0K
$748.1K – $997.5K
NOI $59,850 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,280 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
187k
Monthly Visits Nearby
Under-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
- California Flowers & Weddings — 21 W 3rd St, Calexico, CA 92231
Frequently Asked Questions
What type of property is this?
Storefront property - The property includes an outdoor patio, dedicated office areas, and a pre-designed route for drive-through operations.
Where is this storefront property located?
The property is located at 723 Imperial Avenue Calexico, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5,000 SF storefront property built in 1990; Pre‑designed drive‑through route integrated into the lot; Outdoor patio area for restaurant use
