Free Standing Building in
For Sale
$1,395,000
2775 B St, Julian, CA 92036
Prominent building in Julian with high tourist traffic and parking.
Property Size3,738 SF
Price / SF$373.19
Days on Market277
Property Features for 2775 B St
General Information
Standard status
Active
Size
3,738 SF
Property subtype
Retail
Building Details
Building Size
3,738 SF
Year Built
1997
Listing Agency:
Lee & Associates San Diego - Carlsbad
(760) 685-1813
Listed By:
Peter Merz · License #CalDRE #01269042
(760) 685-1813
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 27
Last Checked: Aug 29 at 7:10AM
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 Lee & Associates San Diego - Carlsbad
Investment Insights
Based on property information with market context.
This free-standing building is located in the heart of Julian, a historic gold rush town in San Diego County and a popular year-round tourist destination. The property includes a large parking lot that provides additional income. Julian is known for its apple pies, boutique shops, local wineries, and nostalgic small-town atmosphere, attracting thousands of visitors each weekend. The town's retail market thrives on consistent tourist traffic, with streets lined by specialty stores, artisan galleries, and cozy cafes. This location offers an opportunity for retailers and investors looking to capitalize on a high-traffic, tourism-driven marketplace. The property size is 3,738 square feet.
Key Highlights
- Free‑standing building in the heart of Julian.
- High‑traffic location in a popular tourist destination.
- Large parking lot generating $1,800/month income.
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
$58,717
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
4.21%
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%
$1,174,340
$1.2M
Cap Rate 7%
$838,814
$838.8K
Cap Rate 9%
$652,411
$652.4K
Market Conditions
NOI Build-Up for 3,738 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
$89.7K $24.00/SF
− Vacancy
−$5.8K −$1.56/SF
EGI
$83.9K $22.44/SF
− OpEx
−$25.2K −$6.73/SF
NOI
$58.7K $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%
$1,174,340
Cap Rate 7%
$838,814
Cap Rate 9%
$652,411
Alternative Uses
Best Use
Retail
$838.8K
$734.0K – $978.6K
NOI $58,717 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$610.9K
$534.6K – $712.8K
NOI $42,766 @ 7.0% cap · market cap 3.07%
Theoretical Best
Office A
$1.71M
$1.50M – $2.00M
NOI $119,884 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 92036, CA
3,735
Population
2,305
Households
1.6
Avg Household Size
53
Median Age
37%
College-Educated
91%
High-School Grad
504.3 sq mi
ZIP Area
7
Density / Sq Mi
$71,875
Median Household Income
$45,980
Median Earnings
$1,938
Median Rent
$544,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Prominent building in Julian with high tourist traffic and parking.
Where is this storefront property located?
The property is located at 2775 B St Julian, CA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Free‑standing building in the heart of Julian.; High‑traffic location in a popular tourist destination.; Large parking lot generating $1,800/month income.
