Retail Condominium with
For Sale
$400,000
102-1174 Broadway, El Cajon, CA 92021
Commercial condo unit offers 1/2 bath and approximately 1,060 square feet of retail space with parking and visibility.
Property Size1,060 SF
Price / SF$377.36
Days on Market424
Property Features for 102-1174 Broadway
General Information
Standard status
Active
Size
1,060 SF
Listing Agency:
Keller Williams Realty
(619) 469-0700
Listed By:
Gregg Phillipson · License #01153857
(619) 507-3166
Source:
Exprealty
Added: Jul 11, 2025
Changed: Sep 5
Last Checked: Sep 6 at 10:54AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
For sale: a commercial condo retail unit well suited for a small business. The space totals approximately 1,060 square feet and includes a 1/2 bath. This property is part of a commercial building and is configured as a dedicated condo unit.
The offering is located on Broadway in El Cajon, CA. Public remarks describe strong visibility and parking to support customer access.
The unit’s size and incorporated 1/2 bath make it a practical option for retailers seeking a compact footprint within a commercial condo setting.
The offering is located on Broadway in El Cajon, CA. Public remarks describe strong visibility and parking to support customer access.
The unit’s size and incorporated 1/2 bath make it a practical option for retailers seeking a compact footprint within a commercial condo setting.
Key Highlights
- Commercial condo for sale in El Cajon—about 1,060 SF of retail space
- Includes a 1/2 bath
- Designed for small business use with parking and visibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,794
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,880
$255.9K
Cap Rate 7%
$182,771
$182.8K
Cap Rate 9%
$142,156
$142.2K
Market Conditions
NOI Build-Up for 1,060 SF
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.
Gross rent
$19.1K $18.00/SF
− Vacancy
−$803 −$0.76/SF
EGI
$18.3K $17.24/SF
− OpEx
−$5.5K −$5.17/SF
NOI
$12.8K $12.07/SF
Area
El Cajon, CA
Vacancy
4.21%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$255,880
Cap Rate 7%
$182,771
Cap Rate 9%
$142,156
Alternative Uses
Best Use
Retail
$182.8K
$159.9K – $213.2K
NOI $12,794 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$263.4K
$230.5K – $307.3K
NOI $18,436 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,991
Businesses Nearby
723k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Home Improvements & Furnishings 18%
Superstores 13%
Groceries 11%
Target
Superstores
94,017 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
89,889 visits/mo
0.3 miles
Food 4 Less
Groceries
61,453 visits/mo
0.2 miles
Best Buy
Electronics
58,403 visits/mo
0.1 miles
In-N-Out Burger
Dining
46,212 visits/mo
0.1 miles
Demographics for 92021, CA
70,584
Population
23,360
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
28.0 sq mi
ZIP Area
2,521
Density / Sq Mi
$69,979
Median Household Income
$37,739
Median Earnings
$1,818
Median Rent
$572,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 1800 flowers — 450 Fletcher Pkwy Unit 107, El Cajon, CA 92020
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial condo unit offers 1/2 bath and approximately 1,060 square feet of retail space with parking and visibility.
Where is this storefront property located?
The property is located at 102-1174 Broadway El Cajon, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Commercial condo for sale in El Cajon—about 1,060 SF of retail space; Includes a 1/2 bath; Designed for small business use with parking and visibility
