North Park Retail/Commercial
3451-3465 El Cajon Boulevard San Diego, CA 92104
3451-3465 El Cajon Boulevard, San Diego, CA, 92104
Contact for pricing
For Sale
Contact for pricing
Two-story commercial building and single-story retail storefront in North Park.
Property Size19,953 SF
Lot Size0.31 Acres
Price / SF$281.91
Days on Market1148
Property Features for 3451-3465 El Cajon Boulevard
General Information
- Standard status
- Active
- Size
- 19,953 SF
- Lot size
- 0.31 Acres
- Property subtype
- Office, Retail
Listing Agency
CAST CAPITAL PARTNERS
(619) 308-6787
Listed by
Bret Morriss · License #CA 02037074
Source
Crexi
Added: May 27, 2023 Checked: Jul 16 at 7:53 am
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 CAST CAPITAL PARTNERS
Investment Insights
Based on property information with market context.
Located in North Park, San Diego, at 3451-3465 El Cajon Boulevard, this property features a two-story commercial building and a single-story retail storefront. The buildings total approximately 19,953 square feet and are situated on approximately 13,383 square feet of land. The property is located just off Interstate 805 and 15, within walking distance of dining, shopping, and entertainment options. It is suitable for an owner-user looking for an event space, wedding venue, or music venue.
Key Highlights
- Located in the highly desirable North Park community of San Diego.
- Excellent lease or investment opportunity.
- Total building area of approximately 19,953 square feet.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $718.3k | $36.00 |
| − Vacancy | −$30.2k | −$1.52 |
| EGI | $688.1k | $34.48 |
| − OpEx | −$206.4k | −$10.35 |
| NOI | $481.6k | $24.14 |
19,953 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.88M
$6.02M – $8.03M
NOI $481,647 @ 7.0% cap · market cap 8.56%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.88M
$6.90M – $9.19M
NOI $551,661 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story commercial building and single-story retail storefront in North Park.
Where is this retail space located?
The property is located at 3451-3465 El Cajon Boulevard San Diego, CA.
What is the asking price?
The asking price for this property is $5,625,000.
What are key features of this property?
This property features: Located in the highly desirable North Park community of San Diego.; Excellent lease or investment opportunity.; Total building area of approximately 19,953 square feet.
