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    10340 Prospect Ave Santee, CA 92071

    For Sale
    $1,395,000

    Prime Santee land, high cap rate potential.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional investment opportunity presents two adjacent commercial parcels totaling 1.34 acres (58,369 sq ft) in Santee, CA, listed at $1,395,000. Located at 10340 Prospect, the property boasts FAA preliminary approval for storage/equipment parking. Parcel 1 (APN 384-410-76-00) encompasses 31,798 sq ft, while Parcel 2 (APN 3385-410-20-00) covers 26,571 sq ft. Both parcels are situated within the Gillespie Field Overlay Zone and are zoned for light industrial use. A triple net lease option is available for $8,500 monthly for both parcels, or individual lease rates of $3,719 (Parcel 1) and $4,451 (Parcel 2) are also possible. Convenient ingress and egress is available on the west side, with potential east side access. The property's location within the Gillespie Field Compatibility Zone ensures strategic development potential. Detailed zoning information can be found in the Gillespie Community Land Use Plan (Page 32) and Gillespie Field Compatibility Plan (Pages 71-72, 107-112). Note that no structures can be built due to the Gillespie Community Land Use Plan and avigation easement. All information should be independently verified with the FAA, County of San Diego, and City of Santee. An adjacent parcel, previously used for two single-family residences, may also be available for purchase.

    Property Features for 10340 Prospect Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    26,572 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Santee
    County
    San Diego
    State
    California
    Longitude
    -116.9726
    Latitude
    32.83135

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Santee land, high cap rate potential.
    Where is this commercial real estate located?
    The property is located at 10340 Prospect Ave Santee, CA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    (858) 598-3589
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    10340 Prospect Ave Santee, CA 92071
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    Santee, CA 92071
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    Realmo Value Estimation

    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.

    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.

    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
    10340 Prospect Ave Santee, CA 92071
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