Medical Office Building with Vacant
For Sale
$1,200,000
817 S 4th St, El Centro, CA 92243
Medical office space with exam rooms and storage, plus an included vacant commercial lot.
Property Size2,884 SF
Lot Size0.38 Acres
Days on Market144
Property Features for 817 S 4th St
General Information
Standard status
Active
Size
2,884 SF
Lot size
0.38 Acres
Property subtype
Other
Zoning
CG- Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,884 SF
Year Built
1965
Listing Agency:
Coldwell Banker The Wilkinson Team
Listed By:
Daniel Wilkinson · License #01276127
(760) 554-5168
Source:
Commercialcafe
Added: Jun 1
Changed: Oct 22
Last Checked: Oct 20 at 5:26PM
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
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Investment Insights
Based on property information with market context.
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.
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.
Key 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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,450
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,000
$869.0K
Cap Rate 7%
$620,714
$620.7K
Cap Rate 9%
$482,778
$482.8K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$62.3K $21.60/SF
− Vacancy
−$4.4K −$1.51/SF
EGI
$57.9K $20.09/SF
− OpEx
−$14.5K −$5.02/SF
NOI
$43.5K $15.07/SF
Area
Imperial County, CA
Vacancy
7.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$869,000
Cap Rate 7%
$620,714
Cap Rate 9%
$482,778
Alternative Uses
Best Use
Office B
$620.7K
$543.1K – $724.2K
NOI $43,450 @ 7.0% cap · market cap 3.62%
Second Best
Healthcare Medical
$343.6K
$300.7K – $400.9K
NOI $24,052 @ 7.0% cap · market cap 2.00%
Theoretical Best
Office A
$735.7K
$643.7K – $858.3K
NOI $51,497 @ 7.0% cap · market cap 4.29%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,194
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 92243, CA
49,149
Population
15,908
Households
3.1
Avg Household Size
36
Median Age
16%
College-Educated
74%
High-School Grad
113.3 sq mi
ZIP Area
434
Density / Sq Mi
$55,890
Median Household Income
$31,170
Median Earnings
$992
Median Rent
$286,100
Median Home Value
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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Cow Doc Inc — 298 Main St, El Centro, CA 92243
Frequently Asked Questions
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 St 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
