Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    243 2nd St Calexico, CA 92231-2753
    Back to Search
    Property profile & analytics

    243 2nd St, Calexico, CA 92231-2753

    View on Map
    • Retail space
    • 0.08 lot acres
    Off-Market
    Last Sale May 14, 2020
    Property ID
    US09-8782567
    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

    • Retail space

    Property Details for 243 2nd St

    Lot size
    0.08 lot acres
    Property type
    Retail space
    APN
    058-482-007-000
    APU
    58482007000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 14, 2020 — Loo,jose & Ng S 1997 Trust Jose Loo Quit Claim Deed · related —
    Mar 4, 2010 — Jose Loo Loo,shun C Affidavit Of Death · related $300k · Eight Group
    Jan 13, 1998 — Tarson Trust Tarson Trust Quit Claim Deed · related —
    Jan 10, 1992 — — — Grant Deed · related —

    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
    Calexico
    County
    Imperial
    State
    California
    Longitude
    -115.495
    Latitude
    32.667
    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
    $5,149
    $247,449
    $168,130
    $415,579
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.27 Acres

      100 Birch St

      RETAIL STORES (PERSONAL SERVICES)
      100 Birch St, Calexico, CA 92231-2346
      View Details
    • Value Estimation by Request
      1.13 Acres

      300 Cole Blvd

      RETAIL STORES (PERSONAL SERVICES)
      300 Cole Blvd, Calexico, CA 92231-9807
      View Details
    • Value Estimation by Request
      0.36 Acres

      724 Emerson Ave

      RETAIL STORES (PERSONAL SERVICES)
      724 Emerson Ave, Calexico, CA 92231-3195
      View Details
    • Value Estimation by Request
      3.38 Acres

      438 Grant St

      RETAIL STORES (PERSONAL SERVICES)
      438 Grant St, Calexico, CA 92231-2038
      View Details
    • Value Estimation by Request
      0.53 Acres

      702 Harold Ave

      RETAIL STORES (PERSONAL SERVICES)
      702 Harold Ave, Calexico, CA 92231-2244
      View Details
    • Value Estimation by Request
      0.45 Acres

      102 Heffernan Ave

      RETAIL STORES (PERSONAL SERVICES)
      102 Heffernan Ave, Calexico, CA 92231-2736
      View Details

    Similar Nearby for Sale

    • $2,750,000
      20,000 SF

      Prime Retail Location Near Border

      Two-story retail building near US-Mexico border with high foot traffic.
      23 Heffernan Ave, Calexico, CA 92231
      View Details
    • Contact for pricing
      2,348 SF

      Retail Space on Imperial Avenue

      Retail space for sale in Calexico, California.
      1117 Imperial Ave W, Calexico, CA 92231
      View Details
    • Contact for pricing
      16,000 SF

      Downtown Calexico Retail Opportunity

      Turnkey business opportunity in downtown Calexico, across from Mexico.
      130 E 2Nd St, Calexico, CA 92231
      View Details
    • Contact for pricing

      Calexico Retail Ground Lease Opportunity

      Ground lease for a 44,900 SF former retail space.
      2600 Rockwood Ave, Calexico, CA 92231
      View Details
    • Contact for pricing

      Border Retail/Office Opportunity

      Two-story building with basement near US-Mexico border.
      100 Heffernan Ave, Calexico, CA 92231
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,840 SF

      Grocery Anchored Shopping Center Space

      Retail space available in a dominant shopping center.
      1107-1105 Imperial Ave W, Calexico, CA 92231
      View Details
    • Contact for pricing
      1,800 SF

      Grocery Anchored Shopping Center Space

      Retail space available in a grocery and drug anchored center.
      1113 Imperial Ave W, Calexico, CA 92231
      View Details
    • Contact for pricing

      Mixed-Use Space For Lease

      Mixed-use space available for lease, ranging from 1,200 to 18,000 SF.
      315 E 2Nd St, Calexico, CA 92231
      View Details
    • Contact for pricing

      Grocery-Anchored Shopping Center For Rent

      Dominant shopping center anchored by a grocery store.
      2300 Imperial Ave, Calexico, CA 92231
      View Details
    • Contact for pricing

      Calexico Commercial Lot Opportunity

      Prime 1-acre commercial lot in Calexico, California.
      518 E Cole Rd, Calexico, CA 92231
      View Details
    • Contact for pricing
      1,200 SF

      58 Acres Agriculture/Livestock Land

      58 acres of agriculture/livestock land for lease.
      Kubler Rd, Calexico, CA 92231
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    243 2nd St
    Calexico, CA 92231-2753
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    243 2nd St, Calexico, CA, 92231
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!