6-Bay Auto
For Sale
$1,250,000
729 D Street, Ramona, CA 92065
CMU and steel construction, multiple lifts, and secondary alley access support automotive service operations.
Property Size4,000 SF
Lot Size0.25 Acres
Price / SF$312.50
Days on Market198
Property Features for 729 D Street
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.25 Acres
Property subtype
Commercial/Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Service Bays
6
Building Details
Year Built
1980
Buildings
1
Construction
CMU block and steel
Listing Agency:
ReMax Direct
(619) 980-5603
Listed By:
Jeff Gan · License #00878941
(619) 980-5603
Source:
Exitrealty
Added: Feb 13
Changed: Aug 30
Last Checked: Aug 30 at 4:15AM
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 ReMax Direct
Investment Insights
Based on property information with market context.
Located at 729 D Street in Ramona, this automotive service property includes an approximately 4,000 sq. ft. CMU block and steel building on a 0.25-acre lot. The shop contains six 34-foot-deep service bays, five above-ground lifts rated from 7,000 lbs. to 17,000 lbs., and five 12-foot-high roll-up doors. Interior ceiling heights range from 15 to 18 feet, accommodating automotive and heavy-duty truck work.
The property also benefits from secondary alley access along its north side. It is situated in Ramona’s Downtown District near the intersection of HWY 67 and HWY 78. The operating business, Danny’s Truck and Auto, has served the community for over 40 years. The building was constructed in 1980.
The property also benefits from secondary alley access along its north side. It is situated in Ramona’s Downtown District near the intersection of HWY 67 and HWY 78. The operating business, Danny’s Truck and Auto, has served the community for over 40 years. The building was constructed in 1980.
Key Highlights
- Approximately 4,000 sq. ft. CMU block and steel building on a 0.25‑acre lot
- Six (6) 34' deep service bays
- Five above‑ground lifts with 7,000 lbs - 17,000 lbs capacity
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
$62,832
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
5.03%
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%
$1,256,640
$1.3M
Cap Rate 7%
$897,600
$897.6K
Cap Rate 9%
$698,133
$698.1K
Market Conditions
NOI Build-Up for 4,000 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
$96.0K $24.00/SF
− Vacancy
−$6.2K −$1.56/SF
EGI
$89.8K $22.44/SF
− OpEx
−$26.9K −$6.73/SF
NOI
$62.8K $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%
$1,256,640
Cap Rate 7%
$897,600
Cap Rate 9%
$698,133
Alternative Uses
Best Use
Retail
$897.6K
$785.4K – $1.05M
NOI $62,832 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$653.8K
$572.0K – $762.7K
NOI $45,763 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,287 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
63k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 39%
Home Improvements & Furnishings 5%
Jack in the Box
Dining
18,225 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,331 visits/mo
0.4 miles
AMPM
Shops & Services
9,785 visits/mo
0.3 miles
Circle K
Shops & Services
7,422 visits/mo
0.1 miles
ARCO
Shops & Services
5,264 visits/mo
0.3 miles
Demographics for 92065, CA
37,047
Population
12,774
Households
2.9
Avg Household Size
41
Median Age
29%
College-Educated
87%
High-School Grad
169.3 sq mi
ZIP Area
219
Density / Sq Mi
$120,550
Median Household Income
$52,015
Median Earnings
$1,889
Median Rent
$731,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - CMU and steel construction, multiple lifts, and secondary alley access support automotive service operations.
Where is this auto shop located?
The property is located at 729 D Street Ramona, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 4,000 sq. ft. CMU block and steel building on a 0.25‑acre lot; Six (6) 34' deep service bays; Five above‑ground lifts with 7,000 lbs - 17,000 lbs capacity
