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Property profile & analytics
OFF-MARKET
Retail space

235 Main St Calipatria, CA 92233

1.34 ac lot
Individually Owned 6-yr Hold Free & Clear
Property ID
US09-8931172
Property summary
AI-generated overview

This exceptional commercial property in Calipatria, CA, presents a compelling investment opportunity. The 1.34-acre lot (58,370 square feet) is strategically located at the southwest corner of East Main Street and West of Railroad Avenue, within a commercially zoned area. The property encompasses a total of 5,400 square feet, comprising two buildings totaling 4,400 square feet of self-storage units and an additional 1,000 square feet currently leased to Napa Auto Parts. This long-term tenant maintains a month-to-month lease agreement, generating a consistent monthly rental income of $3,000. The property benefits from its location in Calipatria, a rapidly growing area dubbed "Lithium Valley," experiencing significant economic expansion. This growth is fueled by the recent commencement of construction on a major $1.85 billion direct lithium extraction plant by Controlled Thermal Resources Holdings Inc., marking a significant milestone for the region. The limited availability of commercially zoned properties in this area further enhances the value and potential of this investment. This property offers a blend of stable rental income and significant future appreciation potential, making it an attractive proposition for discerning investors seeking exposure to a dynamic and expanding market. The property is priced at $496,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Lot 1.34 ac (58,370 SF)
APN 023-321-029-000
UPID US09-8931172
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • NAPA Auto Parts - County Motor Parts Calipatria Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Matthew J Flournoy · 6 yrs held
Matthew J Flournoy
since 2019
3 recorded transactions
2019
Price N/A
2018
Price N/A
1995
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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