Single-Tenant
For Sale
$1,800,000
7875 Broadway, Lemon Grove, CA 91945
VC3 zoning permits consideration of higher-density mixed-use development, subject to city verification.
Property Size8,000 SF
Lot Size0.24 Acres
Price / SF$225
Days on Market189
Property Features for 7875 Broadway
General Information
Standard status
Active
Size
8,000 SF
Lot size
0.24 Acres
Property subtype
Commercial-Off/Rtl/Ind
Zoning
VC3
Site & Location
Road Frontage
54 ft
Road Access
Yes
Additional Details
Land Use
retail
Tenant in Place
Yes
Building Details
Tenancy
Single
Listing Agency:
Atlas Realty
Listed By:
Michael Spirtos · License #01306407
(619) 851-8493
Source:
Foliosandiego
Added: Apr 24
Changed: Oct 28
Last Checked: Oct 27 at 3:14AM
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 Atlas Realty
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Investment Insights
Based on property information with market context.
The property is an approximately 8,000-square-foot, single-tenant storefront on a 0.24-acre parcel. It is currently income-producing and has 54 feet of frontage along Broadway in Lemon Grove. The existing retail configuration provides a defined commercial use on site.
Zoned VC3 (Village Commercial), the property may allow higher-density mixed-use development, including residential space above commercial uses. Potential building height and development intensity should be confirmed with the City of Lemon Grove. The site is on Broadway and has nearby retail and transit access.
Zoned VC3 (Village Commercial), the property may allow higher-density mixed-use development, including residential space above commercial uses. Potential building height and development intensity should be confirmed with the City of Lemon Grove. The site is on Broadway and has nearby retail and transit access.
Key Highlights
- Approximately 8,000‑square‑foot single‑tenant storefront
- 0.24‑acre parcel with 54 feet of frontage on Broadway
- VC3 (Village Commercial) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,664
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,280
$2.5M
Cap Rate 7%
$1,795,200
$1.8M
Cap Rate 9%
$1,396,267
$1.4M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$192.0K $24.00/SF
− Vacancy
−$12.5K −$1.56/SF
EGI
$179.5K $22.44/SF
− OpEx
−$53.9K −$6.73/SF
NOI
$125.7K $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 Rate 5%
$2,513,280
Cap Rate 7%
$1,795,200
Cap Rate 9%
$1,396,267
Alternative Uses
Best Use
Retail
$1.80M
$1.57M – $2.09M
NOI $125,664 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,573 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,143
Businesses Nearby
238k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 38%
Groceries 31%
Shops & Services 16%
Dining 13%
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
0.1 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- David's Flowers — 7733 Palm St UNIT 102, Lemon Grove, CA 91945
- Simply Classic Florals — 8093 Broadway, Lemon Grove, CA 91945
- FOREVER BLOOMS — 7834 Lester Ave, Lemon Grove, CA 91945
Frequently Asked Questions
What type of property is this?
Storefront property - VC3 zoning permits consideration of higher-density mixed-use development, subject to city verification.
Where is this storefront property located?
The property is located at 7875 Broadway Lemon Grove, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Approximately 8,000‑square‑foot single‑tenant storefront; 0.24‑acre parcel with 54 feet of frontage on Broadway; VC3 (Village Commercial) zoning
