Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    416 2nd St Calexico, CA 92231-2843
    Back to Search
    Property profile & analytics

    416 2nd St Calexico, CA 92231-2843

    View on Map
    • Office buildings
    • 3,062 SF
    • 0.19 lot acres
    Off-Market
    Last Sale Dec 21, 2022
    $392,000
    Property ID
    US09-8795450
    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

    • Valley Auto Insurance Brokers / Insurance Agency
    • Cabral Pedro CEO / Law Firm
    • Roma Services / Tax Preparation
    • PARALEGALES / Law Firm
    • Divorcios Calexico / Law Firm

    Property Details for 416 2nd St

    Year built
    1998
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    3,062 SF
    Property type
    Office buildings
    APN
    058-533-006-000
    APU
    58533006000

    Description

    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.

    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
    -115.493
    Latitude
    32.6664
    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
    $4,949
    $77,010
    $322,830
    $399,840
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.94 Acres

      1767th Carr Rd, Unit 10

      OFFICE BUILDING • 2.94 Acres
      1767th Carr Rd, Calexico, CA 92231-9781
      View Details
    • Value Estimation
      $505,000
      4.26 Acres

      1749 Stergios Rd

      OFFICE BUILDING • 4.26 Acres
      1749 Stergios Rd, Calexico, CA 92231-9657
      View Details
    • Value Estimation by Request
      0.96 Acres

      431 Menvielle Ct

      OFFICE BUILDING • 0.96 Acres
      431 Menvielle Ct, Calexico, CA 92231-9694
      View Details
    • Value Estimation by Request
      9.47 Acres

      Calexico, CA 92231

      OFFICE BUILDING • 9.47 Acres
      Calexico, CA 92231
      View Details
    • Value Estimation
      $2,440,000
      16,128 SF

      450 Birch St Ste, Unit 3

      OFFICE BUILDING • 16,128 SF
      450 Birch St Ste, Calexico, CA 92231-2335
      View Details
    • Value Estimation by Request
      0.15 Acres

      2213 California Ct

      OFFICE BUILDING • 0.15 Acres
      2213 California Ct, Calexico, CA 92231-9680
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,920 SF

      Prime Retail Building Near Border

      Versatile retail space near US-Mexico border with expansion potential.
      327 E 2Nd St, Calexico, CA 92231
      View Details
    • Contact for pricing

      Calexico Land Parcels For Sale

      Three adjacent one-acre commercial land parcels in Calexico, California.
      Portico Blvd, Calexico, CA 92231
      View Details
    • Contact for pricing
      6,000 SF

      Downtown Calexico Commercial Building

      Commercial building in downtown Calexico near US/Mexico border.
      632 S Imperial Ave, 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

    Similar Nearby for Lease

    • Contact for pricing

      Calexico Industrial Park Flex Space

      Industrial and office spaces available for lease in Calexico.
      2371 M L King St, 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

      Commercial Space Available for Rent

      Commercial space available for rent at 1105 Imperial Ave.
      1105 Imperial Ave, Calexico, CA 92231
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Town Center Business Park.
      Town Ctr Business Park, 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.
    416 2nd St
    Calexico, CA 92231-2843
    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
    416 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!