Leased Auto Service
For Sale
$550,000
Pending
7839 North Ave 1, Lemon Grove, CA 91945
Site is leased for auto services and operates on a month-to-month arrangement.
Property Size1,689 SF
Days on Market48
Property Features for 7839 North Ave 1
General Information
Standard status
Pending
Size
1,689 SF
Property subtype
Commercial
Building Details
Building Size
1,689 SF
Year Built
1960
Units
1
Listing Agency:
Independent Broker
(619) 793-4002
Listed By:
Richard Snyder · License #00458556
(619) 793-4002
Source:
Elliman
Added: Jul 9
Changed: Aug 23
Last Checked: Aug 25 at 10:35AM
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 Independent Broker
Investment Insights
Based on property information with market context.
This property is leased for auto services and is currently on a month-to-month basis. The offering includes the existing leased site configuration used for automotive operations.
The property is located at 7839 North Ave 1 in Lemon Grove, CA 91945. Walk Score is 80 (Very Walkable), while Bike Score is 48 (Somewhat Bikeable) and Transit Score is 45 (Some Transit).
The property is located at 7839 North Ave 1 in Lemon Grove, CA 91945. Walk Score is 80 (Very Walkable), while Bike Score is 48 (Somewhat Bikeable) and Transit Score is 45 (Some Transit).
Key Highlights
- Year built: 1960
- Site leased for auto services
- Current lease is month‑to‑month
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
$26,531
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
4.82%
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%
$530,620
$530.6K
Cap Rate 7%
$379,014
$379.0K
Cap Rate 9%
$294,789
$294.8K
Market Conditions
NOI Build-Up for 1,689 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
$40.5K $24.00/SF
− Vacancy
−$2.6K −$1.56/SF
EGI
$37.9K $22.44/SF
− OpEx
−$11.4K −$6.73/SF
NOI
$26.5K $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%
$530,620
Cap Rate 7%
$379,014
Cap Rate 9%
$294,789
Alternative Uses
Best Use
Retail
$379.0K
$331.6K – $442.2K
NOI $26,531 @ 7.0% cap · market cap 4.82%
Second Best
Industrial
$276.1K
$241.6K – $322.1K
NOI $19,324 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$773.8K
$677.1K – $902.8K
NOI $54,169 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
243k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 37%
Groceries 30%
Shops & Services 18%
Dining 12%
The Home Depot
Home Improvements & Furnishings
74,069 visits/mo
0.4 miles
Food 4 Less
Groceries
53,231 visits/mo
0.5 miles
Sprouts Farmers Market
Groceries
20,088 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
15,298 visits/mo
0.2 miles
Jack in the Box
Dining
13,762 visits/mo
0.2 miles
Demographics for 91945, CA
27,814
Population
9,715
Households
2.9
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
4.0 sq mi
ZIP Area
6,954
Density / Sq Mi
$79,381
Median Household Income
$41,727
Median Earnings
$1,769
Median Rent
$640,500
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.
Similar Off Market Nearby
- Gurjeet Gifts — 2657 Corona St, Lemon Grove, CA 91945
- Seann Gifts — 2649 Corona St, Lemon Grove, CA 91945
- Rick`s Maximum Risk Towing — 2660 hardy dr, lemon grove, ca 91945
- Don Henderson Auto Services — 2835 Lemon Grove Ave, Lemon Grove, CA 91945
- Top Tier Tint — 7435 Daytona St, Lemon Grove, CA 91945
Frequently Asked Questions
What type of property is this?
Auto shop - Site is leased for auto services and operates on a month-to-month arrangement.
Where is this auto shop located?
The property is located at 7839 North Ave 1 Lemon Grove, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Year built: 1960; Site leased for auto services; Current lease is month‑to‑month
