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Property profile & analytics
OFF-MARKET
Outlet malls
1045 1st St El Centro, CA 92243-3409
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-8740040
Property summary
AI-generated overview
This exceptional investment opportunity presents a 20,000-square-foot industrial warehouse located at 1045 S 1st St, El Centro, CA 92243. The property boasts a 7.96% cap rate and a strong net lease with a remaining term of approximately 2.4 years (expiring March 31, 2027). The single-tenant, 100% occupied warehouse features three dock-high doors, three truck wells, and a 16-foot ceiling height with ample natural light from skylights. Additional features include a small office and storage area, a fenced yard, and sits on a 1.12-acre lot (APN: 053-312-038-000). The lease commenced April 1, 2021, and includes rent bumps. The asking price is $799,000, translating to $39.95 per square foot. This is a NNN (Net, Net, Net) lease with no tenant credit rating available. The property's strong occupancy and favorable lease terms make it an attractive investment for those seeking a stable, high-return asset in Imperial County, California. The building is a single-story structure. No lease options are available.
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Lot
1.12 ac (48,787 SF)
APN
053-312-038-000
UPID
US09-8740040
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
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RYYM INDUSTRIES Industrial Manufacturer Production Facility
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LFM HEADQUARTERS Warehouse & Storage
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Garage Doors Gallo Inc General Contractor
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R G POWERSPORTS AND STORAGE Storage Facility
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Unisource Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Erick Gallo · 1 yrs held
Erick Gallo
since 2025
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs El Centro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Centro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$8,848
Tax year 2024
Assessed value
$788,134
Assessed 2024
Previous assessed
$788,134
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$211,786
Assessed improvement
$576,348
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Heating
NONE
Lot
1.12 ac (48,787 SF)
APN
053-312-038-000
UPID
US09-8740040
Jurisdiction
IMPERIAL
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
1.12 ac
Current owner
From public records · entity-resolved
Erick Gallo
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 997, ALPINE, CA 91903-0997
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
—
Erick Gallo
Angelica Gallo
Deed
related
—
Mar 13, 2025
$800,000
Erick Gallo
Roman B Cham
Grant Deed
$740,000 · Rmuse LLC
Oct 4, 2024
—
Roman B Cham
El Centro Commerical Properties LLC
Quitclaim Deed
related
—
Oct 25, 2023
$175,000
Roman B Cham
Venu Prabaker M D INC
Grant Deed
—
Feb 22, 2016
$700,000
Venu Prabaker Md INC
Carr Family Trustpt
Grant Deed
—
Mar 28, 1988
—
Carr,richard L SR|gates,lucile Tr
Owner Name Unavailable
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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