Spacious Retail Space in
For Sale
$1,750,000
217 Earlham Street, Ramona, CA 92065
Retail space with room to grow on 1.23+ acres.
Property Size5,734 SF
Lot Size1.23 Acres
Price / SF$305.20
Days on Market227
Property Features for 217 Earlham Street
General Information
Standard status
Active
Size
5,734 SF
Lot size
1.23 Acres
Property subtype
Commercial
Building Details
Stories
2
Units
1
Listing Agency:
Town & Country Real Estate
(760) 505-5626
Listed By:
Stephanie J Norvell · License #01101300
(760) 505-5626
Source:
Americangrouponline
Added: Jan 9
Changed: Aug 23
Last Checked: Aug 23 at 6:58AM
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 Town & Country Real Estate
Investment Insights
Based on property information with market context.
This commercial building, constructed in 1978, offers 5,734 square feet of retail space on a 1.23+ acre lot, accompanied by two additional parcels. The property provides ample space for various retail uses, allowing customization to suit specific operational and customer flow needs. The lot size offers flexibility for potential expansion or enhanced functionality. The property includes APN# 281-471-04-00, APN# 281-471-05-00 and APN# 281-471-03-00. Located in Ramona, California, this property offers high visibility and is suitable for those seeking an established retail setting with land.
Key Highlights
- High‑visibility location in Ramona.
- Spacious 5,734 sq ft commercial building.
- Includes 1.23+ acres of land, providing ample space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$90,070
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,801,400
$1.8M
Cap Rate 7%
$1,286,714
$1.3M
Cap Rate 9%
$1,000,778
$1.0M
Market Conditions
NOI Build-Up for 5,734 SF
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.
Gross rent
$137.6K $24.00/SF
− Vacancy
−$8.9K −$1.56/SF
EGI
$128.7K $22.44/SF
− OpEx
−$38.6K −$6.73/SF
NOI
$90.1K $15.71/SF
Area
San Diego County, CA
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,801,400
Cap Rate 7%
$1,286,714
Cap Rate 9%
$1,000,778
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.50M
NOI $90,070 @ 7.0% cap · market cap 5.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.63M
$2.30M – $3.06M
NOI $183,899 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 92065, CA
37,047
Population
12,774
Households
2.9
Avg Household Size
41
Median Age
29%
College-Educated
87%
High-School Grad
169.3 sq mi
ZIP Area
219
Density / Sq Mi
$120,550
Median Household Income
$52,015
Median Earnings
$1,889
Median Rent
$731,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with room to grow on 1.23+ acres.
Where is this retail space located?
The property is located at 217 Earlham Street Ramona, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: High‑visibility location in Ramona.; Spacious 5,734 sq ft commercial building.; Includes 1.23+ acres of land, providing ample space.
