Multi-Tenant Retail and Restaurant
8306 Highway 79 Descanso, CA 91916
For Sale
Contact for pricing
Property includes three tenant rent streams and a restaurant fourth occupant operating rent-free under current ownership.
Property Size6,158 SF
Price / SF$365.38
Days on Market96
Property Features for 8306 Highway 79
General Information
- Standard status
- Active
- Size
- 6,158 SF
- Property subtype
- Mixed Use, Retail, Industrial
Building Details
- Year Built
- 1925
Listing Agency:
Sandbar Realty Group
Listed By:
Bryan Gonzales · License #1191461
Source:
Crexi
Added: Apr 20
Changed: Jul 22
Last Checked: Jul 23 at 2:26PM
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 Sandbar Realty Group
Investment Insights
Based on property information with market context.
The property is a multi-tenant commercial site currently producing annual rent from three tenants, while a fourth restaurant occupant operates rent-free under current ownership and is described with an estimated market rent. Ownership has invested $152,000 since 2022 in targeted capital improvements across the event center, tenant spaces, an on-site residence, and parking. Parking is currently configured with 65 spaces, with plans to expand to 88 and ADA work in process.
Positioned along a high-traffic corridor serving Julian, Lake Cuyamaca, and Mount Laguna, the site benefits from year-round visibility and steady destination traffic passing through the region.
The property is almost entirely zoned C36, with a minor boundary adjustment pending that will result in uniform C36 zoning across the entire site. The pending zoning adjustment will not affect existing structures or tenants.
Positioned along a high-traffic corridor serving Julian, Lake Cuyamaca, and Mount Laguna, the site benefits from year-round visibility and steady destination traffic passing through the region.
The property is almost entirely zoned C36, with a minor boundary adjustment pending that will result in uniform C36 zoning across the entire site. The pending zoning adjustment will not affect existing structures or tenants.
Key Highlights
- Built in 1925 and positioned on a high‑traffic corridor serving Julian, Lake Cuyamaca, and Mount Laguna
- Current income: $59,000 in annual rent from three tenants plus a restaurant occupant operating rent‑free
- Estimated restaurant market rent of $42,000/year for potential $101,000 Gross Scheduled Income
Financial Insights For Specialty 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 | $223.9k | $36.36 |
| − Vacancy | −$9.3k | −$1.52 |
| EGI | $214.6k | $34.84 |
| − OpEx | −$53.6k | −$8.71 |
| NOI | $160.9k | $26.13 |
6,158 SF · lease $36.36/SF/yr · vacancy 4.17% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $160,926 @ 7.0% cap · market cap 7.15%
Second Best
Retail
$1.38M
$1.21M – $1.61M
NOI $96,730 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,497 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
FAQs
What type of property is this?
Conventional restaurant - Property includes three tenant rent streams and a restaurant fourth occupant operating rent-free under current ownership.
Where is this conventional restaurant located?
The property is located at 8306 Highway 79 Descanso, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Built in 1925 and positioned on a high‑traffic corridor serving Julian, Lake Cuyamaca, and Mount Laguna; Current income: $59,000 in annual rent from three tenants plus a restaurant occupant operating rent‑free; Estimated restaurant market rent of $42,000/year for potential $101,000 Gross Scheduled Income
