416 2Nd StCalexico, CA 92231

Property Details for 416 2Nd St

Year built

1998

Construction

WOOD

Lot size

0.19 AC

Property size (Sq ft)

3,062 SF

Property type

Office properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $841,561

  6.5%

  $776,826

  7%

  $721,338

• Comparable approach

  Method

  Valuation

  Relative Method

  $537,144

  Geo Method

  $1,077,732

• Alternative Use

  Use

  Valuation

  Residential

  $963,264

  Hospitality

  $882,345

  Educational

  $734,100

  Medical

  $759,347

  Retail

  $1,141,934

Location Insight

City

Calexico

County

Imperial

State

California

Latitude

32.6664

Longitude

-115.493

CBSA code

20940

CBSA name

EL CENTRO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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