Santee Retail Property For
10041 Mission Gorge Rd, Santee, CA 92071
Retail property in Santee with future upside potential.
Type:Retail
Property size:
18,560 SFPrice / SF:
$264/SF- Added:
- Sep 19, 2025
- Days on Market:
- 281
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 10041 Mission Gorge Rd
General Information
- Standard status
- Active
- Size
- 18,560 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1998
Listing office Faring
Listing date Sep 19, 2025
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Faring
HighLights
- Below‑market rent provides significant future upside potential.
- Located in a strong suburban market with steady population growth and high household incomes.
- High‑traffic location near SR‑52 and SR‑125.
- Proximity to national retailers like Walmart, Target, Costco, and The Home Depot.
- Current tenant, Pep Boys, has a lease through 2033.
- Property was built in 1998.
Overview
This retail property is located in Santee, California. The property benefits from its location within a strong market, characterized by steady population growth and high household incomes. The area benefits from high traffic retail synergy and draws from a wide regional customer base due to its proximity to SR-52 and SR-125. National retailers such as Walmart, Target, Costco, and The Home Depot are located in the immediate area. The property is currently leased to Pep Boys, who pay $175,692 annually. The current rent is below prevailing retail and auto service rents in the trade area, presenting a rent growth opportunity for a future investor. The lease structure allows investors to capture upside in one of San Diego County’s strongest suburban markets, whether Pep Boys renews beyond 2033 or the site is eventually re-tenanted. The property is situated in an area with nearly 120,000 residents in a 3-mile radius. The property size is 18,560 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $445.4k | $24.00 |
| − Vacancy | −$29.0k | −$1.56 |
| EGI | $416.5k | $22.44 |
| − OpEx | −$124.9k | −$6.73 |
| NOI | $291.5k | $15.71 |
18,560 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.16M
$3.64M – $4.86M
NOI $291,540 @ 7.0% cap · market cap 5.95%
Second Best
Industrial
$3.03M
$2.65M – $3.54M
NOI $212,341 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$8.50M
$7.44M – $9.92M
NOI $595,250 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Pep Boys
(Bike/Boat/Book/etc) Store
Similar Places Nearby
- Qualitymotors — 8520 Railroad Ave, Santee, CA 92071
- BMWorks SD — 8520 Railroad Ave, Santee, CA 92071
- Evolution Auto Body — 10439 Prospect Ave, Santee, CA 92071
- Cool Master Automotive — 8501 Ablette Rd b, Santee, CA 92071
- Stability Alignment & Brakes — 8520 Ablette Rd, Santee, CA 92071
Location Insight
- Map
- Local Demand
- City
- Santee
- County
- San Diego
- State
- California
- Longitude
- -116.9787907
- Latitude
- 32.8381234
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - Retail property in Santee with future upside potential.
Where is this auto shop located?
The property is located at 10041 Mission Gorge Rd Santee, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Below‑market rent provides significant future upside potential.; Located in a strong suburban market with steady population growth and high household incomes.; High‑traffic location near SR‑52 and SR‑125.
