235 Main StCalipatria, CA 92233

Property Details for 235 Main St

Lot size

1.34 AC

Property type

Retail properties

Property subtype

Retail space

APN

023-321-029-000

APU

23321029000

Description

This exceptional commercial property in Calipatria, CA, presents a compelling investment opportunity. The 1.34-acre lot (58,370 square feet) is strategically located at the southwest corner of East Main Street and West of Railroad Avenue, within a commercially zoned area. The property encompasses a total of 5,400 square feet, comprising two buildings totaling 4,400 square feet of self-storage units and an additional 1,000 square feet currently leased to Napa Auto Parts. This long-term tenant maintains a month-to-month lease agreement, generating a consistent monthly rental income of $3,000. The property benefits from its location in Calipatria, a rapidly growing area dubbed "Lithium Valley," experiencing significant economic expansion. This growth is fueled by the recent commencement of construction on a major $1.85 billion direct lithium extraction plant by Controlled Thermal Resources Holdings Inc., marking a significant milestone for the region. The limited availability of commercially zoned properties in this area further enhances the value and potential of this investment. This property offers a blend of stable rental income and significant future appreciation potential, making it an attractive proposition for discerning investors seeking exposure to a dynamic and expanding market. The property is priced at $496,000.

• CAP approach

  CAP return

  Valuation

  6%

  $23,582,382

  6.5%

  $21,768,352

  7%

  $20,213,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,803,316

  Geo Method

  $51,772,112

• Alternative Use

  Use

  Valuation

  Residential

  $18,362,420

  Hospitality

  $16,819,878

  Educational

  $13,993,941

  Medical

  $14,475,214

  Retail

  $21,768,352

Location Insight

City

Calipatria

County

Imperial

State

California

Latitude

33.1254

Longitude

-115.51

CBSA code

20940

CBSA name

EL CENTRO, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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