Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    San Diego County Commercial Land Title is generated by Realmo AI

    10340 Prospect, Santee, CA 92071

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two commercial parcels totaling 1.34 acres in San Diego County.

    Type:Land, Industrial
    Lot size:
    1.34 Acres
    Added:
    Nov 14, 2025
    Days on Market:
    179
    Last Refresh:
    Mar 19 at 9:18 pm

    Property Features for 10340 Prospect

    General Information

    Standard status
    Active
    Lot size
    1.34 Acres
    Property subtype
    Land, Industrial

    We can help!

    Listing Contact
    AJ George
    AJ George

    Listing agent AJ George License #01353648

    Listing office AJGCRE

    Listing date Nov 14, 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 AJGCRE

    HighLights

    • Prime commercial land totaling 1.34 acres (58,369 sq. ft.) in San Diego County.
    • FAA preliminary approval for storage/equipment parking use.
    • Potential high cap rate for land development.
    • Light Industrial Zoning within the Gillespie Field Overlay Zone.
    • Triple Net Lease option available for both parcels at $8,500.
    • Convenient ingress and egress on the west side of the property.

    Overview

    Two commercial parcels in San Diego County offer a potential investment opportunity. The vacant lots, totaling 1.34 acres (58,369 sq. ft.), have FAA preliminary approval for storage and equipment parking use. Parcel 1 (APN 384-410-76-00) is 31,798 sq. ft., and Parcel 2 (APN 3385-410-20-00) is 26,571 sq. ft. The property is located in the Gillespie Field Compatibility Zone and has light industrial zoning. A triple net lease option is available for both parcels at $8,500. Individual parcel lease rates are $3,719 for Parcel 1 and $4,451 for Parcel 2. Ingress and egress are conveniently located on the west side, with the east side potentially available. The adjacent parcel, grandfathered for two single-family residences, may be available for sale. No structures can be built under the Gillespie Community Land Use Plan and avigation easement on this particular property. Refer to the Gillespie Community Land Use Plan (Page 32) and Gillespie Field Compatibility Plan (Pages 71-72, 107-112) for zoning details. Verify all information with the FAA, the County of San Diego, and the city of Santee for approvals.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Santee
    County
    San Diego
    State
    California
    Longitude
    -116.9722399
    Latitude
    32.8317101

    Nearby Similar for Sale

    • $395,000

      Santee Land with View

      2.2 acre lot in Santee, California with views.
      0 SUMMIT AVE, Santee, CA 92071
      View Details
    • $17,414,000
      43,351 SF

      Santee Retail Investment Opportunity

      Multi-tenant retail plaza with high occupancy and strong NOI growth.
      8915-8967 Carlton Hills Blvd, Santee, CA 92071
      View Details
    • $115,000

      Santee Land Parcel with Views

      2.26-acre parcel with completed preliminary work, ideal for development.
      0 Summit Crest Drive, Unit 17/11, Santee, CA 92071
      View Details
    • $195,000

      Vacant Lots in Santee

      Rare vacant lots in Fanita Ranch area of Santee.
      8535 Placid View Dr, Santee, CA 92071
      View Details
    • $95,000
      3,925 SF

      Auto Repair Business Opportunity

      Turn-key auto repair business with warehouse and mezzanine.
      11421 Woodside Avenue Ste. B, Santee, CA 92071
      View Details
    • $4,900,000
      18,560 SF

      Santee Retail Property For Sale

      Retail property in Santee with future upside potential.
      10041 Mission Gorge Rd, Santee, CA 92071
      View Details
    • Contact for pricing

      Santee Town Center Retail Site

      Land entitled for mixed-use development in Santee Town Center.
      Town Center Pkwy, Santee, CA
      View Details
    • $3,000,000

      Commercial Land with Freeway Frontage

      1.38-acre commercial land with redevelopment potential and freeway frontage.
      11555 Woodside Ave, Santee, CA
      View Details
    • $529,000

      Commercial Lot Near Santee Town

      Commercial lot near Santee Town Center with high traffic.
      10463 Mission Gorge Road, Santee, CA 92071
      View Details
    • Contact for pricing

      San Diego County Commercial Land

      Two commercial parcels totaling 1.34 acres in San Diego County.
      Prospect Ave, Santee, CA 92071
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two commercial parcels totaling 1.34 acres in San Diego County.
    Where is this commercial land located?
    The property is located at 10340 Prospect Santee, CA.
    What is the asking price?
    The asking price for this property is $899,900.
    What are key features of this property?
    This property features: Prime commercial land totaling 1.34 acres (58,369 sq. ft.) in San Diego County.; FAA preliminary approval for storage/equipment parking use.; Potential high cap rate for land development.
    (858) 598-3589 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing AJ George
    AJ George
    Real Estate License ID: 01353648
    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
    10340 Prospect, Santee, CA 92071
    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!