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    Property profile & analytics

    1498 Main St El Centro, CA 92243-2819

    • Office buildings
    • 1.11 lot acres
    OFF-MARKET
    Last Sale
    Aug 29, 2025
    $2,800,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6535990
    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

    • Alba Care Services / Foster Care Service

    Property Details for 1498 Main St

    Lot size
    1.11 lot acres
    Property type
    Office buildings
    APN
    053-081-013-000
    APU
    53081013000

    Description

    This exceptional Class B office building, located at 1498 Main St, El Centro, CA 92243, presents a unique investment opportunity. Boasting 25,000 square feet on a 1.11-acre lot (APN 053-081-013-000), this property is currently vacant and offered at $6,000,000 ($240/SF). Strategically situated at the northeast corner of Imperial Ave and Main Street, it enjoys a highly visible location in the heart of El Centro's business district, near county and city government offices, restaurants, and retail. The building features secure ground-floor parking with electronic gates on both the north and south sides, accommodating approximately 84 vehicles. Access to the second floor is provided by elevators and stairwells. Internal amenities include substantial IT, file, breakroom, and copy rooms. Previously occupied by Rabobank's lending department, this upscale building offers a rare opportunity to acquire a substantial, well-maintained office space in a prime El Centro location. The property is available for sale or lease at $1.40/SF NNN.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Centro
    County
    Imperial
    State
    California
    Longitude
    -115.569
    Latitude
    32.7933
    CBSA code
    20940
    CBSA name
    EL CENTRO, 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
    $63,961
    $654,085
    $5,056,892
    $5,710,977
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $505,000
      1.66 Acres

      1803 Imperial Ave

      OFFICE BUILDING • 1.66 Acres
      1803 Imperial Ave, El Centro, CA 92243-1333
      View Details
    • Value Estimation
      $455,000
      1.70 Acres

      1503 Imperial Ave

      OFFICE BUILDING • 1.70 Acres
      1503 Imperial Ave, El Centro, CA 92243-6301
      View Details
    • Value Estimation
      $430,000
      2.07 Acres

      3019 Imperial Ave

      OFFICE BUILDING • 2.07 Acres
      3019 Imperial Ave, El Centro, CA 92243-6311
      View Details
    • Value Estimation
      $325,000
      1.27 Acres

      3049 Imperial Ave, Unit 30

      OFFICE BUILDING • 1.27 Acres
      3049 Imperial Ave, El Centro, CA 92243-6314
      View Details
    • Value Estimation
      $285,000
      1.00 Acre

      1003 Industry Way

      OFFICE BUILDING • 1.00 Acre
      1003 Industry Way, El Centro, CA 92243-4627
      View Details
    • Value Estimation
      $315,000
      0.92 Acres

      2302 Merrill Ctr Dr

      OFFICE BUILDING • 0.92 Acres
      2302 Merrill Ctr Dr, El Centro, CA 92243-7526
      View Details

    Similar Nearby for Sale

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      15,960 SF

      El Centro Professional Building For Sale

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      El Centro Retail/Office Investment

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      El Centro Commercial Building For Sale

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    • $1,395,000
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      El Centro Retail/Office Building

      32,000 sq ft retail/office building in El Centro, CA
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    • $1,875,000

      Land For Sale

      Land available for sale in El Centro, California.
      3924 S Dogwood Rd, El Centro, CA 92243
      View Details
    • $2,130,000
      18.45 Acres

      El Centro Development Site

      18.45 acre development site with mixed-use and commercial zoning.
      2208 N La Brucherie Rd, El Centro, CA 92243
      View Details

    Similar Nearby for Lease

    • $600 /Mo

      El Centro Office Space Available

      Office space for rent in El Centro, CA with utilities included.
      1697 Adams Ave, El Centro, CA 92243
      View Details
    • $1.00 SF/Yr
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      El Centro Commercial Space Available

      Office and retail spaces available in El Centro, California.
      510 W Main St, El Centro, CA 92243
      View Details
    • Contact for pricing
      31,000 SF

      El Centro Retail Center Investment Opportunity

      Prime 31,000 SF Retail Space Available
      86 Imperial Ave & Cruickshank Dr, El Centro, CA 92243
      View Details
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      5,000 SF

      Retail Space in El Centro

      Retail space available in a busy El Centro shopping center.
      1790 N Imperial Ave, El Centro, CA 92243
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      2,555 SF

      Drive-Thru Opportunity on Highway 86

      Ground lease or build-to-suit drive-thru opportunity with high visibility.
      1167 S 4Th St, El Centro, CA 92243
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Available For Rent

      Retail space available for rent in El Centro, CA.
      1109-1151 S 4Th St, El Centro, CA 92243
      View Details
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    1498 Main St
    El Centro, CA 92243-2819
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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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