Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    El Cajon Retail Opportunity Title is generated by Realmo AI

    660 South Magnolia Avenue, El Cajon, CA 92020

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

    Established retail location in El Cajon available for rent.

    Type:SCR-COM, SCR-PAD, SCR-STREET
    Added:
    Feb 27, 2024
    Days on Market:
    819
    Last Refresh:
    Apr 3 at 5:04 am

    Property Features for 660 South Magnolia Avenue

    General Information

    Standard status
    Active
    Property subtype
    SCR-COM, SCR-PAD, SCR-STREET

    Spaces For Lease

    at 660 South Magnolia Avenue Contact us

    We can help!

    Listing Contact
    Ben Ameen

    Listing agent Ben Ameen License #01999481

    Listing office KW Commercial | El Cajon

    Listing date Feb 27, 2024

    Source Realnex

    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 KW Commercial | El Cajon

    HighLights

    • Great El Cajon location
    • Well established location
    • Off of S Magnolia and East Washington
    • Former Gun shop

    Overview

    Located in El Cajon, this property is a former gun shop. The location is well-established, situated off of South Magnolia Avenue and East Washington.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hiram's Guns/Firearms Unknown Gun Shop Nick's Liquor (Bike/Boat/Book/etc) Store ATM Atm Landa's Beauty Salon Hair Salon

    Suggested Use

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

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

    Similar Places Nearby

    • Arcángeles — 127 Magnolia Ave, El Cajon, CA 92020
    • Vons Floral — 1201 Avocado Ave, El Cajon, CA 92020
    • Savula Florist & Flower Delivery El Cajon CA — 110 E Main St, El Cajon, CA 92020

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.9626883
    Latitude
    32.7883302

    Nearby Similar for Lease

    • $2 SF/Yr
      6,416 SF

      El Cajon Multi-Tenant Office Space

      6,416 SF office building in the heart of El Cajon.
      1161 E Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      1,040 SF

      El Cajon Commercial Lot

      Paved and fenced lot ideal for auto sales.
      1111 East Main Street, El Cajon, CA 92021
      View Details
    • $1.35 SF/Yr
      44,748 SF

      El Cajon Warehouse Space Available

      Warehouse space for lease in El Cajon with office buildout.
      165 Denny Way | El Cajon, CA 92020, CA 92020
      View Details
    • $18 SF/Yr
      1,330 SF

      Remodeled Office Space Available

      Newly remodeled second-floor office space available for rent.
      353 E Park Ave, El Cajon, CA
      View Details
    • $18 SF/Yr
      1,652 SF

      El Cajon Warehouse Space Available

      Warehouse space for lease in El Cajon, California.
      1950 Cordell Ct, El Cajon, CA
      View Details
    • $17 SF/Yr
      9,400 SF

      El Cajon Warehouse Space Available

      9,400 SF warehouse space for lease in El Cajon.
      1180 N Marshall Ave, El Cajon, CA
      View Details
    • $30 SF/Yr
      656 SF

      El Cajon Office Space Available

      Office space available for lease in El Cajon, CA.
      480 N Magnolia Ave, El Cajon, CA
      View Details
    • $21 SF/Yr
      2,000 SF

      El Cajon Warehouse Space Available

      Multi-tenant industrial building with 2 ground-level doors.
      208 Greenfield Dr, El Cajon, CA
      View Details
    • $1.85 SF/Yr
      617 SF

      El Cajon Office Space Available

      First floor office space available for rent in El Cajon.
      1283 E Main St, El Cajon, CA
      View Details
    • $1.70 SF/Yr
      1,940 SF

      El Cajon Flex/Industrial Space

      Multi-tenant building with high ceilings and ample power.
      206 Greenfield Dr, El Cajon, CA
      View Details
    • Contact for pricing
      9,650 SF

      El Cajon Retail Center Space

      Retail spaces available in well-located El Cajon shopping center.
      745-777 Jamacha Rd, El Cajon, CA
      View Details
    • $1.65 SF/Yr
      3,465 SF

      Corner Office Space Available

      Office space for lease with high visibility and ample parking.
      680 Fletcher Pkwy, El Cajon, CA
      View Details

    FAQs

    What type of property is this?
    Storefront property - Established retail location in El Cajon available for rent.
    Where is this storefront property located?
    The property is located at 660 South Magnolia Avenue El Cajon, CA.
    What are key features of this property?
    This property features: Great El Cajon location; Well established location; Off of S Magnolia and East Washington
    (619) 840-6692
    We can help!
    Listing Contact
    Ben Ameen
    Real Estate License ID: 01999481
    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
    660 South Magnolia Avenue, El Cajon, CA 92020
    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!