416 2nd St, Calexico, CA 92231-2843
This exceptional investment opportunity presents a fully leased six-unit commercial office building situated in the heart of Calexico, California. The property, located at 416 2nd Street, boasts a prime location just three blocks from the US/Mexico International border, offering significant exposure to the vibrant downtown Mexicali market. The 0.19-acre lot houses a building currently generating passive income through six fully occupied office spaces. Tenants represent a diverse range of professional services, including immigration services, insurance agencies, medical transportation companies, and a phone company, ensuring a stable and diversified income stream. A convenient parking lot is located at the rear of the building for tenant and visitor use. The property's strong tenant base and strategic location near the international border present significant potential for future growth and appreciation. Detailed financial information, including expense sheets, rental income statements, and lease terms, is available upon request. This is an ideal opportunity for investors seeking a stable, high-return commercial property with minimal management requirements. The property's current occupancy and established tenant base provide immediate cash flow, making it an attractive investment in a dynamic border region.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.