797 Main St El Centro, CA 92243-7915
This exceptional two-story medical office building, located at 797 W Main Street in El Centro, California, offers 15,960 rentable square feet on a 0.46-acre lot (APN 052-453-065-000). Currently zoned CO - Office Commercial, it's ideally suited for owner-users. The building boasts a strong 11.00% cap rate, with a current NOI of $124,488 and a pro-forma NOI of $262,728. The asking price is $2,395,000 ($150/sq ft). Strategically located in the heart of Imperial Valley, this property offers incredible visibility and signage opportunities on Main Street, with desirable dedicated covered parking. Its proximity to the Imperial County Superior Court (0.1 miles) and El Centro Regional Medical Center (1.3 miles), along with excellent I-8 Freeway access, enhances its appeal. The property benefits from high-credit tenancy with the State of California and Imperial County. Limited comparable properties are available in the market, making this a unique investment opportunity priced significantly below replacement cost. The building's medical office use is permitted.
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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.