Technical
Financial
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Property profile

21505 Trl Blazer Ln Escondido, CA 92029

OFF-MARKET
Commercial real estate
2.89 ac lot
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Property summary

AI-generated overview

Harmony Grove Village Center presents a unique investment opportunity encompassing two parcels totaling 2.89 acres, strategically located within a burgeoning Escondido residential area currently underserved by commercial retail. This exceptional offering includes approved site plans for substantial commercial development, ideal for a mixed-use project. Parcel 235-571-571-17, spanning 1.62 acres, is designed to accommodate a significant retail building exceeding 11,000 square feet, inclusive of a mezzanine level, plus an additional 5,000 square feet suitable for shops or restaurants. The adjacent Parcel 235-570-56, covering 1.27 acres, offers plans for approximately 7,500 square feet of retail space, complemented by the existing 2,000-square-foot historic Johnson Ward Homes building, potentially adaptable for office or medical use. The city may consider modifications to incorporate live/work/play units, adding further versatility to this development. Convenient access is ensured via new roads connecting to Citracado Parkway, providing seamless connectivity to Escondido, Elfin Forest, and San Elijo Hills. The strong demographics of the area make this location particularly attractive for a variety of businesses, including an anchor grocery store, preschool/daycare, salon, and quick-service restaurants or delis. This is a rare chance to capitalize on a thriving community's need for commercial amenities. The asking price for this exceptional property is $4,995,000.

Property profile

Verified
Property type Commercial real estate
Lot 2.89 ac (125,888 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21505 Trl Blazer Ln Escondido, CA 92029
Escondido metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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