Remodeled Office
For Sale
$548,250
275 E Douglas Ave, El Cajon, CA 92020
Configured for professional operations with private reception space, multiple offices, a conference room, and an updated kitchen.
Property Size1,317 SF
Price / SF$416.29
Days on Market145
Property Features for 275 E Douglas Ave
General Information
Standard status
Active
Size
1,317 SF
Property subtype
General Commercial
Amenities
3
Private, Concrete Driveway, On Site.
0.0
Building Details
Year Built
1983
Stories
2
Listing Agency:
Radius Agent Realty
(628) 219-3672
Listed By:
Pamela Macias · License #01967517
Source:
Xome
Added: Apr 7
Changed: Aug 29
Last Checked: Aug 29 at 6:05PM
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 Radius Agent Realty
Investment Insights
Based on property information with market context.
This 1,317-square-foot office condominium at 275 E Douglas Ave, El Cajon, California 92020, was built in 1983 and substantially remodeled. The interior includes a private reception area, five office rooms, a large conference room currently arranged as an office suite, a utility and copy area, and a renovated kitchen. Interior finishes include charcoal-gray plank flooring, carpet in the conference room, decorative molding, lobby chandelier lighting, hallway pendant lighting, and a barn-door-style kitchen entry.
The kitchen has blue cabinetry, a porcelain farmhouse sink, and a red retro-style refrigerator and microwave. HVAC was replaced in 2022. The property also includes a concrete driveway and on-site parking area.
The kitchen has blue cabinetry, a porcelain farmhouse sink, and a red retro-style refrigerator and microwave. HVAC was replaced in 2022. The property also includes a concrete driveway and on-site parking area.
Key Highlights
- 1,317 SF office condominium at 275 E Douglas Ave, El Cajon, CA 92020
- Five office rooms plus a large conference room currently configured as an office suite
- Private reception area, utility/copy space, and remodeled kitchen
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
$19,409
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
3.54%
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%
$388,180
$388.2K
Cap Rate 7%
$277,271
$277.3K
Cap Rate 9%
$215,656
$215.7K
Market Conditions
NOI Build-Up for 1,317 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
$29.7K $22.56/SF
− Vacancy
−$3.8K −$2.91/SF
EGI
$25.9K $19.65/SF
− OpEx
−$6.5K −$4.91/SF
NOI
$19.4K $14.74/SF
Area
El Cajon, CA
Vacancy
12.90%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
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%
$388,180
Cap Rate 7%
$277,271
Cap Rate 9%
$215,656
Alternative Uses
Best Use
Office B
$277.3K
$242.6K – $323.5K
NOI $19,409 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.2K
$286.3K – $381.8K
NOI $22,905 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,367
Businesses Nearby
Explore this area
Business Placement
Demographics for 92020, CA
60,454
Population
20,311
Households
3
Avg Household Size
37
Median Age
26%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,446
Density / Sq Mi
$72,822
Median Household Income
$39,855
Median Earnings
$1,793
Median Rent
$741,600
Median Home Value
Market
Vacancy Rate% for Office 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?
Office units - Configured for professional operations with private reception space, multiple offices, a conference room, and an updated kitchen.
Where is this office units located?
The property is located at 275 E Douglas Ave El Cajon, CA.
What is the asking price?
The asking price for this property is $548,250.
What are key features of this property?
This property features: 1,317 SF office condominium at 275 E Douglas Ave, El Cajon, CA 92020; Five office rooms plus a large conference room currently configured as an office suite; Private reception area, utility/copy space, and remodeled kitchen
