Inline Retail Strip
7328-44 Broadway Lemon Grove, CA 91945
7328-44 Broadway, Lemon Grove, CA, 91945
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For Sale
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Inline retail space totaling 4,840 SF on a 0.30-acre site, with zoning (G-C) supporting retail and medical uses.
Property Size4,840 SF
Lot Size0.30 Acres
Price / SF$454.55
Days on Market159
Property Features for 7328-44 Broadway
General Information
- Standard status
- Active
- Size
- 4,840 SF
- Lot size
- 0.30 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1970
Listing agency
Voit Real Estate Services Voit Carlsbad
(858) 458-3348
Listed by
Michael Paul · License #02219768
Source
Crexi
Added: Feb 12 Updated: Jul 21 at 8:13AM Checked: Jul 21 at 8:13AM
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 Voit Real Estate Services Voit Carlsbad
Investment Insights
Based on property information with market context.
7328-44 Broadway is an inline retail strip center offering 4,840 SF of retail space on 0.30 acres of land. The building sits along Lemon Grove’s high-traffic corridor, designed to provide visibility for neighborhood and community-serving retail.
Parking is provided at 5.17 spaces per 1,000 SF, supporting a range of retail and other G-C permitted uses. The property is zoned G-C, which allows for various retail and medical uses, making the center suitable for tenants seeking a storefront format in an established retail setting.
Parking is provided at 5.17 spaces per 1,000 SF, supporting a range of retail and other G-C permitted uses. The property is zoned G-C, which allows for various retail and medical uses, making the center suitable for tenants seeking a storefront format in an established retail setting.
Key Highlights
- 4,840 SF of inline retail space on a 0.30‑acre lot
- Built in 1970
- Located along Lemon Grove’s high‑traffic corridor for visibility
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 | $116.2k | $24.00 |
| − Vacancy | −$7.6k | −$1.56 |
| EGI | $108.6k | $22.44 |
| − OpEx | −$32.6k | −$6.73 |
| NOI | $76.0k | $15.71 |
4,840 SF · lease $24.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.09M
$950.3K – $1.27M
NOI $76,027 @ 7.0% cap · market cap 3.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,227 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Inline retail space totaling 4,840 SF on a 0.30-acre site, with zoning (G-C) supporting retail and medical uses.
Where is this strip mall located?
The property is located at 7328-44 Broadway Lemon Grove, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 4,840 SF of inline retail space on a 0.30‑acre lot; Built in 1970; Located along Lemon Grove’s high‑traffic corridor for visibility
