Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7431-55 Broadway Lemon Grove, CA 91945

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    High-visibility commercial development opportunity in Lemon Grove's primary corridor.

    Lot size:
    0.62 Acres

    Property Features for 7431-55 Broadway

    General Information

    Standard status
    Active
    Lot size
    0.62 Acres

    We can help!

    Listing Contact
    Blake Tagmyer
    Blake Tagmyer
    Source: Crexi

    Listing Agency: Cushman & Wakefield - San Diego, California Listing Agent: Blake Tagmyer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Commercial Land in Lemon

    This commercial development opportunity is located along the southwest stretch of Broadway in Lemon Grove. The property spans approximately 0.62 acres within the community’s primary commercial corridor. Positioned in a Transit Priority Area, the site benefits from access to the Lemon Grove Depot Trolley Station, offering connectivity to Downtown San Diego, Mission Valley, and the region’s major employment hubs. Broadway serves as the city’s main artery, lined with neighborhood-serving retail, restaurants, and civic amenities. This infill property provides visibility and frontage along Broadway, with direct access to SR-94 and SR-125, facilitating connections to central San Diego and beyond. The location is near grocery stores, national retailers, schools, and community parks. The property’s commercial zoning allows for a range of potential uses, including retail, office, medical, and service-oriented development. Its transit-oriented positioning and Main Street presence make it suited for redevelopment or repositioning that captures demand from the surrounding residential base and commuter traffic. This site is located in the heart of Lemon Grove, with connectivity to regional employment centers and lifestyle amenities across San Diego County.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemon Grove
    County
    San Diego
    State
    California
    Longitude
    -117.0375865
    Latitude
    32.7423201

    Nearby Similar for Sale

    • $985,000
      Pending

      Two Detached Homes in Lemon

      Two single-level homes, updated interiors, great for owner/user or investor.
      3150-52 New Jersey Ave, Lemon Grove, CA 91945
      View Details
    • $5,950,000

      Turnkey Apartment Building in Lemon Grove

      Newer construction 16-unit apartment building with upside in rents.
      8465 Broadway, Lemon Grove, CA 91945
      View Details
    • Contact for pricing

      Retail Center Near Highway 94

      Retail center with highway proximity and strong demographics.
      7663-7695 Broadway, Lemon Grove, CA 91945
      View Details
    • $1,295,000

      Versatile Commercial/Industrial Opportunity

      Mixed-use property with flexible zoning and recent renovations.
      3495 Vista Ave, Lemon Grove, CA 91945
      View Details
    • $1,300,000

      Four Units on Large Lot

      Four 2-bedroom units with garages and spacious yards.
      8050 Lemon Grove Way, Lemon Grove, CA 91945
      View Details
    • $1,200,000
      Pending

      Lemon Grove Triplex Income Property

      Three-unit property with immediate cash flow in Lemon Grove.
      2673 Massachusetts Ave, Lemon Grove, CA 91945
      View Details
    • $1,400,000
      Pending

      Multifamily Property with ADU Potential

      Well-maintained triplex with upgrades in high-demand location.
      6816 Central Ave, Lemon Grove, CA 91945
      View Details
    • $1,300,000

      Four Units on Large Lot

      Four large 2-bedroom units on over half acre lot.
      8050 Lemon Grove Way, Lemon Grove, CA 91945
      View Details
    • $1,200,000
      Pending

      Lemon Grove Commercial Property

      Commercial property for sale in Lemon Grove, California.
      2673 Massachusetts Ave, Lemon Grove, CA 91945
      View Details
    • $5,950,000
      10,659 SF

      Turnkey Lemon Grove Apartment Building

      Newer construction 16-unit apartment building in Lemon Grove, California.
      8465 Broadway, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      1,984 SF

      Lemon Grove Duplex with Income

      Two homes on a large lot with income potential.
      2315 Berry St, Lemon Grove, CA 91945
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial development opportunity in Lemon Grove's primary corridor.
    Where is this commercial land located?
    The property is located at 7431-55 Broadway Lemon Grove, CA.
    What are key features of this property?
    This property features: - Prime location in a Transit Priority Area with immediate access to the Lemon Grove Depot Trolley Station, providing connectivity to major San Diego employment hubs.; - High-visibility frontage on Broadway, the city's main commercial artery, ensuring consistent demand and exposure.; - Excellent access to SR-94 and SR-125, facilitating quick connections to central San Diego and surrounding areas.
    (858) 558-5670
    Request Owner's contact information
    7431-55 Broadway Lemon Grove, CA 91945
    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.
    7431-55 Broadway
    Lemon Grove, CA 91945
    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
    7431-55 Broadway Lemon Grove, CA 91945
    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

    We can help!
    Listing Contact
    Blake Tagmyer
    Blake Tagmyer
    Real Estate License ID: 01912759
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!