Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1002 N Imperial Ave El Centro, CA 92243

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Endcap retail space with high visibility and drive-thru potential.

    Type:Retail
    Added:
    Sep 29, 2023
    Days on Market:
    933
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 1002 N Imperial Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 1002 N Imperial Ave Contact us

    We can help!

    Listing Contact
    Rob Bloom

    Listing agent Rob Bloom License #CA 01302163

    Listing office Duhs Commercial Inc

    Listing date Sep 29, 2023

    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 Duhs Commercial Inc

    Overview

    Retail Space with Drive-Thru Potential

    This retail space is located in a newly renovated building. The endcap location offers potential for a drive-thru. The property benefits from excellent visibility, facing Imperial Avenue (Hwy 86), which sees 28,276 cars per day. Easy access is provided at a signalized intersection. The location is surrounded by numerous national retailers along the main commercial corridor. A brand new city library is adjacent to the property, along with potential future redevelopment. Jersey Mike’s and The UPS Store are coming soon to the building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -115.56985
    Latitude
    32.784504

    Nearby Similar for Lease

    • Contact for pricing

      El Centro Storefront on Main

      Storefront in El Centro with open layout and great location.
      522 West Main Street, El Centro, CA 92243
      View Details
    • Contact for pricing

      Drive-Thru QSR Opportunity

      QSR drive-thru opportunity at a high-traffic travel center.
      550 Wake Ave, El Centro, CA
      View Details
    • Contact for pricing

      Retail Space Near New Courthouse

      Well-maintained retail space with convenient access and nearby amenities.
      605 Wake Ave, El Centro, CA
      View Details
    • Contact for pricing

      Retail Space in El Centro

      Retail space available in a busy El Centro shopping center.
      1790 N Imperial Ave, El Centro, CA
      View Details
    • Contact for pricing

      Restaurant Space with Drive-Thru

      2,800 SF restaurant space with existing drive-thru.
      3603 S Dogwood Rd, El Centro, CA
      View Details
    • Contact for pricing

      Retail Shops Next to Food

      New retail shops in regional shopping destination on Imperial Avenue.
      2420 Cottonwood Dr, El Centro, CA
      View Details
    • Contact for pricing

      Retail Anchor Space Available

      9,822 SF anchor space in a busy shopping center.
      500 E Danenberg Dr, El Centro, CA
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent in El Centro, CA.
      1109-1151 S 4th St, El Centro, CA
      View Details
    • Contact for pricing

      Retail Space For Rent

      Planned retail space available for rent in El Centro, CA.
      SW of S Dogwood Rd and E Danenberg Rd, El Centro, CA
      View Details
    • Contact for pricing

      Fully Leased Retail Opportunity

      Retail property in El Centro, CA, currently 100% leased.
      317 Wake Ave, El Centro, CA
      View Details
    • Contact for pricing

      Fully Leased Retail Property

      Retail property in El Centro, CA, currently 100% leased.
      330 Wake Ave, El Centro, CA
      View Details
    • $1.00/mo

      El Centro Commercial Space Available

      Office and retail spaces available in El Centro, California.
      510 W Main Street, El Centro, CA 92243
      View Details

    FAQs

    What type of property is this?
    Retail space - Endcap retail space with high visibility and drive-thru potential.
    Where is this retail space located?
    The property is located at 1002 N Imperial Ave El Centro, CA.
    What are key features of this property?
    This property features: Excellent Visibility on Imperial Avenue (Hwy 86) with 28,276 CPD; Endcap Retail Space with Potential Drive‑Thru; Newly Renovated Building
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rob Bloom
    Real Estate License ID: CA 01302163
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!