Property profile

416 2nd St Calexico, CA 92231

OFF-MARKET
Office buildings
Property ID
US09-8795450
3,062 SF 0.19 ac lot Built 1998
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Construction WOOD
Total area 3,062 SF
Lot 0.19 ac (8,372 SF)
APN 058-533-006-000
UPID US09-8795450

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Law Firm
  • Tax Preparation
  • Law Firm
  • Law Firm

Location

416 2nd St Calexico, CA 92231-2843
Calexico metro Census 12101 EL CENTRO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2022
Last sale
$392,000
4 recorded transactions
2022
$392,000
2022
$392,000
1992
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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