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    Medical Office Building with Vacant Lot Title is generated by Realmo AI

    817 S 4th Street, El Centro, CA 92243

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    Medical office space with exam rooms and storage, plus an included vacant commercial lot.

    Type:Special Purpose
    Property size:
    2,884 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $416/SF
    Added:
    May 28, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 5:45 am

    Property Features for 817 S 4th Street

    General Information

    Standard status
    Active
    Size
    2,884 SF
    Lot size
    0.38 Acres
    Property subtype
    Special Purpose

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Daniel Wilkinson

    Listing agent Daniel Wilkinson License #CA

    Listing office Coldwell Banker The Wilkinson Team - Wilkinson

    Listing date May 28, 2026

    Source Crexi

    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 Coldwell Banker The Wilkinson Team - Wilkinson

    HighLights

    • 1965 multi‑use building currently operating as a medical office with multiple exam rooms
    • Includes a large storage room and an employee lounge
    • Plenty of off‑street parking
    • 6,975 SF vacant commercial lot included (16,714 SF total for parcels 053‑402‑015 and 053‑402‑016)
    • Zoned CG‑Commercial with permitted uses including office/professional, day care, laundromat, and repairs services
    • Located on South 4th Street, just north of I‑8; 4th St connects I‑8 to H‑86

    Overview

    This multi-use property includes a medical office building that is currently set up with multiple exam rooms, a large storage room, and an employee lounge. The offering also includes a vacant lot in addition to the building. The property has off-street parking to support day-to-day operations.

    The site consists of 2 parcels, with zoning designated as CG-Commercial. The vacant lot is listed as 6,975 sft, and the total parcels are identified as 053-402-015 and 053-402-016. The property is located on South 4th Street, described as a major traffic artery connecting I-8 to H-86, and it is noted to be just north of I-8.

    The medical office layout may fit healthcare providers seeking exam room space, while the CG-Commercial zoning and permitted use list supports a broader range of commercial and service-oriented concepts, including professional/office uses and certain personal services, repair services, and other listed categories. With the combined building and vacant parcel, the property may also appeal to buyers looking for flexibility in future plans while maintaining existing office improvements.
    Location Intelligence

    Current Use by Public Records

    Creighton W Dodson ... Physician Allergy Asthma & Hay ... Medical Clinic ALLERGY/Immunology Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    El Centro
    County
    Imperial
    State
    California
    Longitude
    -115.5522675
    Latitude
    32.7855506

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    FAQs

    What type of property is this?
    Medical Office Space - Medical office space with exam rooms and storage, plus an included vacant commercial lot.
    Where is this medical office space located?
    The property is located at 817 S 4th Street El Centro, 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: 1965 multi‑use building currently operating as a medical office with multiple exam rooms; Includes a large storage room and an employee lounge; Plenty of off‑street parking
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Daniel Wilkinson
    Real Estate License ID: CA
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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.

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