Mountain-View Residential Income
For Sale
$220,000
5-300 Thornton Dr, El Cajon, CA 92021
Open-concept home with stainless steel appliances, bright interiors, and mountain vistas.
Property Size1,074 SF
Price / SF$204.84
Days on Market11
Property Features for 5-300 Thornton Dr
General Information
Standard status
Active
Size
1,074 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Building Details
Year Built
2005
Listing Agency:
Coldwell Banker West
(619) 303-3399
Listed By:
Renee Tominia
(619) 606-8773
Source:
Exprealty
Added: Aug 24
Changed: Sep 3
Last Checked: Sep 3 at 1:53AM
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 Coldwell Banker West
Investment Insights
Based on property information with market context.
This residential income property is a 1,074-square-foot home completed in 2005, with three bedrooms, two bathrooms, and an open floor plan. The interior includes a kitchen equipped with stainless steel appliances, bright living areas, and finished flooring throughout. Mountain views and sunset scenery add an outdoor-facing feature to the home, while surrounding open space contributes to its setting.
The property is located at 5-300 Thornton Dr in El Cajon, California, within the Crest at Crest Skylodge South community. Its residential layout and established construction provide a clear physical profile for review.
The property is located at 5-300 Thornton Dr in El Cajon, California, within the Crest at Crest Skylodge South community. Its residential layout and established construction provide a clear physical profile for review.
Key Highlights
- 1,074‑square‑foot home built in 2005
- Three bedrooms and two bathrooms
- Mountain views with sunset scenery
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
$9,980
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
4.54%
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%
$199,600
$199.6K
Cap Rate 7%
$142,571
$142.6K
Cap Rate 9%
$110,889
$110.9K
Market Conditions
NOI Build-Up for 1,074 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
$19.3K $18.00/SF
− Vacancy
−$1.2K −$1.11/SF
EGI
$18.1K $16.89/SF
− OpEx
−$8.2K −$7.60/SF
NOI
$10.0K $9.29/SF
Area
El Cajon, CA
Vacancy
6.14%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$199,600
Cap Rate 7%
$142,571
Cap Rate 9%
$110,889
Alternative Uses
Best Use
Apartment 5plus
$142.6K
$124.8K – $166.3K
NOI $9,980 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$266.8K
$233.5K – $311.3K
NOI $18,679 @ 7.0% cap · market cap 8.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 92021, CA
70,584
Population
23,360
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
28.0 sq mi
ZIP Area
2,521
Density / Sq Mi
$69,979
Median Household Income
$37,739
Median Earnings
$1,818
Median Rent
$572,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept home with stainless steel appliances, bright interiors, and mountain vistas.
Where is this residential income property located?
The property is located at 5-300 Thornton Dr El Cajon, CA.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,074‑square‑foot home built in 2005; Three bedrooms and two bathrooms; Mountain views with sunset scenery
