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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1228 Palm Ave Imperial Beach, CA 91932-1717

    • Retail space
    • 600 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimations
    $345,000
    Show details
    Cap Rate Potential
    3.4%
    Retail space
    Location Intelligence
    Property ID
    US09-8844996
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Allstate / Insurance Agency
    • Greg Nelson: Allstate Insurance / Insurance Agency / Home Insurance Agency
    • Jose Pinell Gadea - Allstate Personal Financial Representative / Financial Consultant

    Property Details for 1228 Palm Ave

    Year built
    1946
    Lot size
    0.06 lot acres
    Property size
    600 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    626-241-19-00
    APU
    6262411900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $407,000
      Market price range: $127k - $408k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $250,000
      Current use
      MEDICAL BUILDING
      $285,000
      Change: +13% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $230,000
      Change: -9% Conversion: Difficult
      OFFICE BUILDING
      $215,000
      Change: -14% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Imperial Beach
    County
    San Diego
    State
    California
    Longitude
    -117.107
    Latitude
    32.5842
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,325
    $153,322
    $109,415
    $262,737
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $405,000
      4,950 SF

      720 Hwy 75th, Unit 30

      RETAIL STORES (PERSONAL SERVICES) • 4,950 SF
      720 Hwy 75th, Imperial Beach, CA 91932-1313
      View Details
    • Value Estimation
      $480,000
      4,480 SF

      1293 Imperial Bch Blvd, Unit 97

      RETAIL STORES (PERSONAL SERVICES) • 4,480 SF
      1293 Imperial Bch Blvd, Imperial Beach, CA 91932-2915
      View Details
    • Value Estimation
      $440,000
      4,440 SF

      1187 13th St

      RETAIL STORES (PERSONAL SERVICES) • 4,440 SF
      1187 13th St, Imperial Beach, CA 91932-3661
      View Details
    • Value Estimation
      $365,000
      7,493 SF

      720 13th St

      RETAIL STORES (PERSONAL SERVICES) • 7,493 SF
      720 13th St, Imperial Beach, CA 91932-2308
      View Details
    • Value Estimation
      $405,000
      4,000 SF

      740 10th St, Unit 42

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      740 10th St, Imperial Beach, CA 91932-2216
      View Details
    • Value Estimation
      $390,000
      8,000 SF

      1126 13th St

      RETAIL STORES (PERSONAL SERVICES) • 8,000 SF
      1126 13th St, Imperial Beach, CA 91932-3672
      View Details

    Similar Nearby for Sale

    • $3,605,000

      Mixed-Use Property in Imperial Beach

      Mixed-use property with residential and commercial spaces in Imperial Beach.
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    • $1,999,000

      Mixed-Use Property in Imperial Beach

      Retail and car wash with redevelopment potential in Imperial Beach.
      1115 Palm Ave, Imperial Beach, CA 91932
      View Details
    • $2,000,000

      Commercial Land for Sale

      Commercial land available for sale.
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    • $899,000

      Furnished Duplex with Development Potential

      Two furnished units with large lots for potential development.
      1380 Grove Ave, Imperial Beach, CA 91932
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    • $3,450,000

      Commercial Land For Sale

      Commercial land available for sale.
      789 Calla Ave, Imperial Beach, CA 91932
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    • $2,100,000

      Imperial Beach Specialty Property

      Specialty property available for sale in Imperial Beach, California.
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    Similar Nearby for Lease

    • Contact for pricing
      1,021 SF

      Retail Space on Palm Avenue

      Retail space with high visibility and strong demographics.
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    • Contact for pricing
      8,263 SF

      Seacoast Drive Retail Spaces

      Imperial Beach Retail & Restaurant Opportunity
      951 Seacoast Dr, Imperial Beach, CA 91932
      View Details
    • Contact for pricing
      827 SF

      Imperial Beach Retail Center Space

      Retail and office spaces for lease in Imperial Beach.
      600-636 Palm Ave, Imperial Beach, CA 91932
      View Details
    • $2,550 /Mo

      Imperial Beach Townhome For Rent

      Two-story townhome in Imperial Beach with modern amenities.
      1477 14Th St, Imperial Beach, CA 91932
      View Details
    • $2,800 /Mo
      950 SF

      Newly Painted Condo Near Beach

      Three-bedroom, one-bathroom condo with modern appliances and included parking.
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      View Details
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    1228 Palm Ave
    Imperial Beach, CA 91932-1717
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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
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