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    202 Evan Hewes Hwy El Centro, CA 92243
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    Property profile & analytics

    202 Evan Hewes Hwy, El Centro, CA 92243

    View on Map
    • Super regional malls
    • 8.80 lot acres
    Off-Market
    Property ID
    US09-8638420
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 202 Evan Hewes Hwy

    Lot size
    8.80 lot acres
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    033-620-037-000
    APU
    33620037000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 5, 2019 $85,000 Fox Factory INC Larimer Thomas & Kelly Trust Grant Deed —
    Apr 5, 2019 — Larimer,thomas & Kelly Trust Larimer Thomas J Trust Correction Deed · related —
    Jun 11, 2018 — Larimer,t & K 2016 Trust Larimer T & K 2016 Trust Quit Claim Deed · related —
    Jul 27, 2016 — Larimer,thomas & Kelly 2016 Trust Larimer Thomas J Trust Quit Claim Deed · related —
    Mar 30, 2015 — Larimer,thomas J Trust Larimer Thomas J Trust Quit Claim Deed · related —
    Oct 16, 2009 — Larimer Family Trust Larimer Family Trust Quit Claim Deed · related —
    Mar 8, 2007 — Larimer Family Trust Larimer,thomas Quit Claim Deed · related —
    Dec 20, 2006 $75,000 Thomas Larimer 360networks USA INC Grant Deed —
    Mar 20, 2006 $40,000 360networks USA INC Corona,martha Deed In Lieu Of Foreclosure · related —
    Oct 15, 2004 $45,000 Martha Corona 360 Network USA INC Grant Deed $40k · 360 Networks USA INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Centro
    County
    Imperial
    State
    California
    Longitude
    -115.981
    Latitude
    32.7393
    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
    $13,990
    $24,058
    $1,230,047
    $1,254,105
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $855,000
      4.32 Acres

      El Centro, CA 92243

      REGIONAL SHOPPING CENTER, MALL
      El Centro, CA 92243
      View Details
    • Value Estimation
      $945,000
      34.26 Acres

      2903 Dogwood Rd

      REGIONAL SHOPPING CENTER, MALL
      2903 Dogwood Rd, El Centro, CA 92243-9601
      View Details
    • Value Estimation by Request
      1.98 Acres

      El Centro, CA 92243

      REGIONAL SHOPPING CENTER, MALL
      El Centro, CA 92243
      View Details
    • Value Estimation
      $805,000
      17.62 Acres

      2050 Imperial Ave

      REGIONAL SHOPPING CENTER, MALL
      2050 Imperial Ave, El Centro, CA 92243-1323
      View Details
    • Value Estimation by Request
      0.87 Acres

      2012 Imperial Ave

      REGIONAL SHOPPING CENTER, MALL
      2012 Imperial Ave, El Centro, CA 92243-1393
      View Details
    • Value Estimation by Request
      1.34 Acres

      1560 Ocotillo Dr

      REGIONAL SHOPPING CENTER, MALL
      1560 Ocotillo Dr, El Centro, CA 92243-4237
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Leased Retail Investment Opportunity

      Multi-tenant retail property in El Centro, California.
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      El Centro Retail/Office Building

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      59,065 SF

      El Centro Retail Center For Sale

      High-traffic El Centro retail center with excellent visibility.
      1103-1151 W Ross Ave, El Centro, CA 92243
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      20,208 SF

      Freestanding Retail Building For Sale

      Prime retail building in high-traffic El Centro location.
      1501 W Main St, El Centro, CA 92243
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    Similar Nearby for Lease

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      3,200 SF

      Retail Space Near New Courthouse

      Well-maintained retail space with convenient access and nearby amenities.
      605 Wake Ave, El Centro, CA 92243
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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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    • Contact for pricing
      9,822 SF

      Retail Anchor Space Available

      9,822 SF anchor space in a busy shopping center.
      500 E Danenberg Dr, El Centro, CA 92243
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    • Contact for pricing
      1,500 SF

      Retail Shops Next to Food

      New retail shops in regional shopping destination on Imperial Avenue.
      2420 Cottonwood Dr, El Centro, CA 92243
      View Details
    • Contact for pricing

      Fully Leased Retail Opportunity

      Retail property in El Centro, CA, currently 100% leased.
      317 Wake Ave, El Centro, CA 92243
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    • 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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    El Centro, CA 92243
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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.

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