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    Nwc Hwy 86 & Neckel Rd Imperial, CA 92251

    Sponsored
    For Lease
    Contact for pricing

    Prime Imperial County location, medical & retail space available

    Lot size:
    170,471 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    415
    Northpointe Imperial offers a unique investment opportunity in Imperial County, California. This 22-acre commercial development boasts a total of 170,471 square feet of space, featuring a mix of office, retail, and restaurant options. The property includes 20 suites, with a minimum divisible space of 1,500 square feet and a maximum contiguous space of 19,190 square feet. Currently, 46,606 square feet are vacant, presenting a significant opportunity for expansion. Built in 2023, the development consists of ten buildings strategically located at the Northwest corner of Highway 86 and Neckel Road, in Imperial, CA 92251. The property benefits from its high-traffic location along Highway 86, a major north-south artery connecting the Imperial and Coachella Valleys, with approximately 20,000 cars passing daily. The development is anchored by a 108-room Cambria Hotel & Suites, a 45,000 square foot Innercare medical center, and a 1.85-acre Circle K gas station and convenience store. Furthermore, the property is surrounded by a new residential subdivision (Heritage at Dahlia Ranch) with 473 single-family homes currently under construction, and plans for an additional 2,600 homes in the future. Imperial, with a population nearing 20,000 and a median household income of $85,876, presents a strong market for retail and restaurant businesses, currently underserved in the area. This development offers a compelling combination of established anchors, significant future residential growth, and a prime location for businesses seeking to capitalize on this thriving market.

    Property Features for 0 Nwc Hwy 86 & Neckel Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    170,471 SF

    Building Details

    Year Built
    2023
    Buildings
    10

    Unit(s) available at that property

    Space
    Northpointe Imperial
    Size
    47,400 SF

    We can help!

    Listing Contact
    Rob Bloom
    Rob Bloom

    Learn more

    HighLights

    • High‑visibility hard corner location on Highway 86 with signalized access.
    • Strong anchor tenants including a 108‑room Cambria Hotel & Suites, a 45,000 SF Innercare Medical Center, and a 1.85‑acre Circle K.
    • Adjacent to significant new residential growth.
    • Dense population of approximately 20,000 with a high median household income of $85,876 (highest in Imperial County).
    • Underserved market presents significant opportunity for restaurant and retail development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Map

    City
    Imperial
    County
    Imperial
    State
    California
    Longitude
    -115.57017180916
    Latitude
    32.861899186688

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    FAQs

    What type of property is this?
    Restaurant - Prime Imperial County location, medical & retail space available
    Where is this restaurant located?
    The property is located at Nwc Hwy 86 & Neckel Rd Imperial, CA.
    What are key features of this property?
    This property features: High-visibility hard corner location on Highway 86 with signalized access.; Strong anchor tenants including a 108-room Cambria Hotel & Suites, a 45,000 SF Innercare Medical Center, and a 1.85-acre Circle K.; Adjacent to significant new residential growth.
    Request Owner's contact information
    Nwc Hwy 86 & Neckel Rd Imperial, CA 92251
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    Imperial, CA 92251
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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
    Nwc Hwy 86 & Neckel Rd Imperial, CA 92251
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    We can help!
    Listing Contact
    Rob Bloom
    Rob Bloom
    Real Estate License ID: CA 01302163
    Learn more
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