Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Leased Retail Building in Escondido Title is generated by Realmo AI

    103-113 S Broadway, Escondido, CA

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Multi-tenant retail building in a rapidly growing area.

    Type:RETAIL
    Property size:
    6,434 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $264/SF
    Added:
    Apr 24, 2024
    Days on Market:
    774
    Last Refresh:
    May 20 at 8:20 pm

    Property Features for 103-113 S Broadway

    General Information

    Standard status
    Active
    Size
    6,434 SF
    Lot size
    0.15 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Jack Avarello
    Jack Avarello

    Listing agent Jack Avarello

    Listing office Retail Insite

    Listing date Apr 24, 2024

    Source Moodyscre

    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 Retail Insite

    HighLights

    • 100% Leased Multi‑Tenant Retail Building
    • Compelling Upside Potential
    • Multiple Leases Rolling in the Next 2 Years
    • Located in Opportunity Zone
    • Stabilized Asset
    • Close Proximity to Retail, Daytime Population, and Residential Neighborhood

    Overview

    The property is a 6,434 square foot multi-tenant retail building that is 100% leased. It is located in an Opportunity Zone and is close to surrounding retail, daytime population, and a residential neighborhood. The area is rapidly growing with various projects slated for redevelopment and added density. Multiple leases are rolling in the next 2 years, presenting compelling upside potential as a stabilized asset.

    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 $154.4k $24.00
    − Vacancy −$6.2k −$0.96
    EGI $148.2k $23.04
    − OpEx −$44.5k −$6.91
    NOI $103.8k $16.13
    6,434 SF · lease $24.00/SF/yr · vacancy 4.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.48M
    $1.30M – $1.73M (±1% cap)
    NOI $103,768 @ 7.0% cap · market cap 6.10%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $2.27M
    $1.99M – $2.65M (±1% cap)
    NOI $158,987 @ 7.0% cap · market cap 9.35%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Felicita Plaza — 329-421 W Felicita Ave, Escondido, CA 92025
    • Coinstar Kiosk - Bitcoin ATM — 351 W Felicita Ave Safeway, Escondido, CA 92025
    • Felicita Town Center — 1855 S Centre City Pkwy, Escondido, CA 92025
    • Felicita Junction — 1645 S Centre City Pkwy, Escondido, CA 92025

    Location Insight

    • Map
    • Local Demand
    City
    Escondido
    County
    San Diego
    State
    California
    Longitude
    -117.081
    Latitude
    33.1213

    Nearby Similar for Sale

    • $1,500,000
      2,400 SF

      Escondido Commercial Asset For Sale

      Commercial building in Escondido with redevelopment potential.
      1025-29 E Valley Pkwy, Escondido, CA 92025
      View Details
    • $2,349,000
      3,784 SF

      Modern Fourplex with Private Balconies

      Newly built fourplex with four leased 2 bed/2 bath units, central A/C, and private outdoor space for each home.
      630 N Juniper Street, Escondido, CA 92025
      View Details
    • $2,349,000
      3,784 SF

      Modern Fourplex with Parking

      Newly built fourplex features two separate buildings, all leased units with private outdoor space and covered parking.
      630 N Juniper Street, Escondido, CA 92025
      View Details
    • $999,999
      2,218 SF

      Single-Family Home with Private Pool

      Three separate living areas share a private pool, supported by recent interior updates and fully paid solar panels.
      451 E 10th Avenue, Escondido, CA 92025
      View Details
    • $1,799,000
      4,860 SF

      Escondido Multi-Generational Corner Lot

      Two houses on one parcel, potential for business or family.
      1341 BOYLE AVENUE, A and B, Escondido, CA 92027
      View Details
    • $1,395,000
      2,042 SF

      Remodeled Multi-Unit Property Near Downtown

      Turnkey Escondido multi-unit property with upscale finishes and system upgrades.
      764-766 N Grape St, Escondido, CA 92025
      View Details
    • $2,899,000
      3,732 SF

      Organic Avocado Farm Estate

      61-acre Escondido avocado farm with two homes and high-producing well.
      3135 E Valley Parkway, Escondido, CA 92027
      View Details
    • $695,000

      Escondido Multifamily with Guest House

      Multifamily property in Escondido with a detached ADU.
      414 E Lincoln Ave, Escondido, CA 92026
      View Details
    • $774,000

      Commercial Building in Escondido, CA

      Two-unit commercial building with parking in Escondido, California.
      651-53 E. Valley Packway, Escondido, CA 92025
      View Details
    • $3,000
      2,000 SF

      Escondido Office Space Available

      Spacious, updated office suite with five private offices for lease.
      301 Enterprise St, Suite 3, Escondido, CA 92029
      View Details
    • Contact for pricing
      7,800 SF

      Turnkey Automotive Dealership Opportunity

      Completely renovated automotive dealership, move-in ready with high visibility.
      760 Mission Ave, Escondido, CA 92025
      View Details
    • $4,500,000
      13,000 SF

      Freestanding Industrial Property in Escondido

      Renovated industrial property with office, storage, and solar.
      1220 Industrial Avenue, Escondido, CA 92029
      View Details

    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail building in a rapidly growing area.
    Where is this shopping center located?
    The property is located at 103-113 S Broadway Escondido, CA.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: 100% Leased Multi‑Tenant Retail Building; Compelling Upside Potential; Multiple Leases Rolling in the Next 2 Years
    (858) 523-2090 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jack Avarello
    Jack Avarello
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    103-113 S Broadway, Escondido, CA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!