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    226 Palm Ave Imperial Beach, CA 91932-1019
    Property profile & analytics

    226 Palm Ave, Imperial Beach, CA 91932-1019

    View on Map
    • Retail space
    • 2,910 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US09-9048355
    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
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Siam Imperial Thai Kitchen / Restaurant

    Property Details for 226 Palm Ave

    Year built
    1962
    Lot size
    0.11 lot acres
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    625-023-06-00
    APU
    6250230600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 23, 2015 $562,000 Q128 LLC Schertzer Kenneth L & Dianne L Grant Deed —
    Nov 5, 1996 $153,000 Kenneth L Schertzer Murphy,patrick H Grant Deed $33k · Seller
    — — Patrick H Murphy — Deed Of Trust · related $46k · Individual

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $705,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $439,000
      Market price range: $239k - $746k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,050,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Imperial Beach
    County
    San Diego
    State
    California
    Longitude
    -117.129
    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
    $10,150
    $589,138
    $96,615
    $685,753
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.16 Acres

      747 10th St, Unit 49

      RETAIL STORES (PERSONAL SERVICES)
      747 10th St, Imperial Beach, CA 91932-2215
      View Details
    • Value Estimation by Request
      442 SF

      10 Evergreen Ave E E Ste

      RETAIL STORES (PERSONAL SERVICES)
      10 Evergreen Ave E E Ste, Imperial Beach, CA 91932-2473
      View Details
    • Value Estimation
      $1,350,000
      5,910 SF

      1200 Palm Ave, Unit 20

      RETAIL STORES (PERSONAL SERVICES)
      1200 Palm Ave, Imperial Beach, CA 91932-1717
      View Details
    • Value Estimation by Request
      880 SF

      744 12th St

      RETAIL STORES (PERSONAL SERVICES)
      744 12th St, Imperial Beach, CA 91932-2302
      View Details
    • Value Estimation
      $525,000
      2,400 SF

      657 Palm Ave

      RETAIL STORES (PERSONAL SERVICES)
      657 Palm Ave, Imperial Beach, CA 91932-1227
      View Details
    • Value Estimation
      $1,000,000
      2,509 SF

      218 Palm Ave, Unit 22

      RETAIL STORES (PERSONAL SERVICES)
      218 Palm Ave, Imperial Beach, CA 91932-1019
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,950 SF

      Prime Retail Space with Views

      New construction retail space with ocean views and customization options.
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      Imperial Beach Commercial Building For Sale

      Four-unit commercial building in Imperial Beach with diverse tenants.
      932-38 Palm Ave, Imperial Beach, CA 91932
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    • $6,500,000
      14,915 SF

      Imperial Beach Commercial Asset

      Thriving beachfront community with strong connectivity and ongoing revitalization.
      535 Florence St, Imperial Beach, CA 91932
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Imperial Beach

      Retail space available for rent in Imperial Beach, California.
      781 Palm Ave, Imperial Beach, CA 91932
      View Details
    • Contact for pricing
      1,021 SF

      Retail Space on Palm Avenue

      Retail space with high visibility and strong demographics.
      639 7Th St, Imperial Beach, CA 91932
      View Details
    • Contact for pricing
      825 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
    • Contact for pricing

      Freestanding Restaurant with Drive-Thru

      Freestanding second generation restaurant with drive-thru available for rent.
      1056 13Th St, Imperial Beach, CA 91932
      View Details
    Request Owner's contact information
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    226 Palm Ave
    Imperial Beach, CA 91932-1019
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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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    226 Palm Ave, Imperial Beach, CA, 91932
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