Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Property in Historic Old Town Title is generated by Realmo AI

    738 46 Main Street, Ramona, CA 92065

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $752,200

    Two-unit commercial property in Ramona's thriving commercial district.

    Type:Commercial/Industrial
    Property size:
    3,500 SF
    Price / SF:
    $214/SF
    Added:
    Mar 12, 2026
    Days on Market:
    68
    Last Refresh:
    Apr 5 at 10:54 pm

    Property Features for 738 46 Main Street

    General Information

    Standard status
    Active
    Size
    3,500 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Jeff Gan

    Listing agent Jeff Gan License #00878941

    Listing office ReMax Direct

    Listing date Mar 12, 2026

    Source Exitrealty

    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

    HighLights

    • Prime commercial property in Historic Old Town Ramona.
    • Located in the heart of Ramona's Commercial Core on Main Street Promenade.
    • Two units totaling 3,500 square feet.
    • Ideal for owner/users or investors.
    • On‑site parking (10 spaces) and rear alley access.
    • Great potential for a Main Street address business and investment opportunity.

    Overview

    Located at 738 / 46 Main Street in Historic Old Town Ramona, this commercial property features two units totaling 3,500 square feet. The property is situated in the heart of Ramona's Commercial Core, on the Main Street Promenade, offering potential for a Main Street address business. It is suitable for owner-users or investors. The property includes rear alley access and on-site parking with 10 spaces, as well as street parking. This versatile space is located in Ramona's thriving commercial district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Junk & Disorderly Home Decor Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Florist in Ramona CA — 677 Main St, Ramona, CA 92065
    • Gonzalez Flowers — 1158 Main St, Ramona, CA 92065
    • The Rusted Poppy — 621 Main St, Ramona, CA 92065
    • Albertsons Floral — 1459 Main St, Ramona, CA 92065
    • I Am Clover, Inc. — 1530 Main St Suite 2A, Ramona, CA 92065

    Location Insight

    • Map
    • Local Demand
    City
    Ramona
    County
    San Diego
    State
    California
    Longitude
    -116.865
    Latitude
    33.0439

    Nearby Similar for Sale

    • $1,295,000

      Commercial Complex in Ramona, CA

      Five suites suitable for auto, retail, and office businesses.
      2344 Highway 67, Ramona, CA 92065
      View Details
    • $1,500

      Iconic Building Retail/Office Space

      Retail or office space in the heart of Old Town.
      780 Main Street Ste B, Ramona, CA 92065
      View Details
    • $1,250,000
      4,000 SF

      Ramona Automotive Service Opportunity

      Established auto shop for sale in Ramona's Downtown District.
      729 D St, Ramona, CA 92065
      View Details
    • $1,800,000
      5,734 SF

      Spacious Retail Space in Ramona

      Retail space with room to grow on 1.23+ acres.
      217 Earlham St, Ramona, CA 92065
      View Details
    • $1,800,000
      5,734 SF

      Spacious Retail Space in Ramona

      Retail space with room to grow on 1.23+ acres.
      217 Earlham Street, Ramona, CA 92065
      View Details
    • $350,800

      40 Acres with Panoramic Views

      Pristine 40-acre property in Ramona with panoramic views.
      40 Sutherland Dam Road acres, Ramona, CA 92065
      View Details
    • $100,000
      1,600 SF

      Retail Property in Ramona, CA

      Retail property featuring 1,600 SF of space for sale.
      1662 Main St, Ramona, CA
      View Details
    • $752,200
      3,500 SF

      Main Street Commercial Property Ramona

      Commercial property in Ramona's Historic Old Town with investment potential.
      Main Street Street, Ramona, CA 92065
      View Details
    • $12,900,000

      Ramona Valley Legacy Estate

      170-acre estate with residences, equestrian facilities, and vineyard.
      26353 Old Julian Hwy, Ramona, CA 92065
      View Details

    FAQs

    What type of property is this?
    Storefront property - Two-unit commercial property in Ramona's thriving commercial district.
    Where is this storefront property located?
    The property is located at 738 46 Main Street Ramona, CA.
    What is the asking price?
    The asking price for this property is $752,200.
    What are key features of this property?
    This property features: Prime commercial property in Historic Old Town Ramona.; Located in the heart of Ramona's Commercial Core on Main Street Promenade.; Two units totaling 3,500 square feet.
    (760) 788-1000
    We can help!
    Listing Contact
    Jeff Gan
    Real Estate License ID: 00878941
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    738 46 Main Street, Ramona, CA 92065
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!