Office Building with Covered
2419 El Cajon, San Diego, CA 92104
For Sale
$2,500,000
Commercial Sale, San Diego, CA
Property Size5,000 SF
Lot Size0.16 Acres
Price / SF$500
Days on Market51
Property Features for 2419 El Cajon
General Information
Property type
Property subtype
Zoning
Lot features
Subdivision
Standard status
APN
Lot size
Additional Details
Property Use
Utilities
Heating system
Cooling system
Amenities
open reception and gallery area
glass-walled conference room
bar and lounge area
covered patio
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Coldwell Banker Realty
(619) 460-6600
Listed By:
Steven J Rotsart Jr · License CA #01254025
(619) 461-5800
Added: Sep 25
Changed: Oct 31
Last Checked: Nov 14 at 1:06AM
MLS# 260023441
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,000-square-foot freestanding office building dates to 1961 and has a concrete block exterior. Its existing layout includes a reception and gallery area, open work zones, and a glass-enclosed conference room. Exposed ductwork and concrete floors contribute to the interior finish. A rear lounge with a bar connects to a covered patio beneath a wood pergola. The building is delivered vacant and has no on-site parking.
At 2419 El Cajon Boulevard, the property sits near Texas Street in North Park. Full-height storefront glazing faces the boulevard, where dedicated bus lanes run along a high-traffic corridor. Restaurants, coffee shops, and retail businesses are nearby.
At 2419 El Cajon Boulevard, the property sits near Texas Street in North Park. Full-height storefront glazing faces the boulevard, where dedicated bus lanes run along a high-traffic corridor. Restaurants, coffee shops, and retail businesses are nearby.
Key Highlights
- 5,000‑square‑foot office building on a 7,124‑square‑foot parcel
- Built in 1961; freestanding concrete block construction
- Open work areas, gallery reception, and glass‑walled conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,525
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,930,500
$1.9M
Cap Rate 7%
$1,378,929
$1.4M
Cap Rate 9%
$1,072,500
$1.1M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$150.0K $30.00/SF
− Vacancy
−$21.3K −$4.26/SF
EGI
$128.7K $25.74/SF
− OpEx
−$32.2K −$6.44/SF
NOI
$96.5K $19.31/SF
Area
San Diego, CA
Vacancy
14.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,930,500
Cap Rate 7%
$1,378,929
Cap Rate 9%
$1,072,500
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,525 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.97M
$1.73M – $2.30M
NOI $138,240 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
3,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 92104, CA
44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in San Diego
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office building - An open-plan interior pairs gallery and work areas with a glass conference room and sheltered outdoor space.
Where is this office building located?
The property is located at 2419 El Cajon San Diego, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 5,000‑square‑foot office building on a 7,124‑square‑foot parcel; Built in 1961; freestanding concrete block construction; Open work areas, gallery reception, and glass‑walled conference room
