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    202 Main St Calipatria, CA 92233
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    202 Main St, Calipatria, CA 92233

    View on Map
    • Parking lots & garages
    • 0.85 lot acres
    For Sale
    $800,000
    View Listing →
    Downtown Calipatria Commercial Opportunity For Sale
    $800,000
    37,200 SF

    Downtown Calipatria Commercial Opportunity

    Commercial property with retail, office, and shop space in Calipatria.

    202 Main St, Calipatria, CA 92233
    View Listing
    Property ID
    US09-8931167
    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

    • Southwest Equipment and Supply / Hardware & Home Improvement / General Contractor
    • Intoxalock Ignition Interlock / Building Supply / General Contractor
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 202 Main St

    Lot size
    0.85 lot acres
    Property type
    Parking lots & garages
    APN
    023-252-008-000
    APU
    23252008000

    Description

    This exceptional commercial property in Calipatria, CA, presents a unique investment opportunity. Located at 202 Main St, 92233, this single-story building sits on a substantial 37,200 square foot lot, offering a total of 37,200 square feet of space. The building itself encompasses 9,800 square feet, including 3,300 square feet of climate-controlled retail/office space and a spacious 4,500 square foot indoor shop area. An additional 2,000 square feet of covered outdoor shop space provides further versatility. Currently owner-occupied, the property is available for immediate occupancy or leaseback, depending on terms. The property is securely gated and zoned for commercial use (APN: 023-252-008). Its strategic location in downtown Calipatria, just six miles from a geothermal facility, makes it ideal for various businesses, including those in energy/mineral extraction, automotive repair, construction, or agriculture. The property's ample space and prime location, coupled with its attractive asking price of $800,000 ($21.51/sq ft), offer significant return potential. Nearby amenities include fuel stations, grocery stores, hotels, and banks. This property is ready for immediate tenant improvement or immediate occupancy. The wide street access on Main Street provides excellent visibility and accessibility. Don't miss this chance to acquire a substantial commercial property in a thriving area.

    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
    Calipatria
    County
    Imperial
    State
    California
    Longitude
    -115.511
    Latitude
    33.1261
    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
    $1,863
    $52,224
    $89,943
    $142,167
    -
    $0.00
    $0.00
    $0.00

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    Similar Nearby for Sale

    • Contact for pricing
      37,200 SF

      Downtown Calipatria Commercial Opportunity

      Commercial property with retail, office, and shop space in Calipatria.
      202 Main St, Calipatria, CA 92233
      View Details
    • $89,000
      0.79 Acres

      Calipatria Land For Sale

      0.78 acre lot with potential for mixed-use development.
      E Church St, Calipatria, CA 92233
      View Details
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      Vacant Land Near Mexico Border

      2.76 acres of vacant land with endless possibilities.
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      Residential Land in Growing Neighborhood

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    View Listing
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    202 Main St
    Calipatria, CA 92233
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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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