Building Details

Year Built 1925

Stories 2

Tenancy Multi

Listing Agency: Sandbar Realty Group

Listed By: Bryan Gonzales · License #01191461 Show Phone

Source: Crexi

Added: Apr 20 Changed: Oct 1 Last Checked: Oct 20 at 5:31PM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$160,926

Cap Rate

7.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,218,520 $3.2M

Cap Rate 7%

$2,298,943 $2.3M

Cap Rate 9%

$1,788,067 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,158 SF

Gross rent

$223.9K $36.36/SF

− Vacancy

−$9.3K −$1.52/SF

EGI

$214.6K $34.84/SF

− OpEx

−$53.6K −$8.71/SF

NOI

$160.9K $26.13/SF

Area

San Diego County, CA

Vacancy

4.17%

Lease Rate

$36.36 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,218,520

Cap Rate 7%

$2,298,943

Cap Rate 9%

$1,788,067

Alternative Uses

Best Use

Specialty Retail

$2.30M

$2.01M – $2.68M (±1% cap)

NOI $160,926 @ 7.0% cap · market cap 7.15%

Second Best

Retail

$1.38M

$1.21M – $1.61M (±1% cap)

NOI $96,730 @ 7.0% cap · market cap 4.30%

Theoretical Best

Office A

$2.82M

$2.47M – $3.29M (±1% cap)

NOI $197,497 @ 7.0% cap · market cap 8.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Parts Store Furniture & Home Goods Auto Repair Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

27

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 91916, CA

1,720

Population

733

Households

2.3

Avg Household Size

50

Median Age

23%

College-Educated

93%

High-School Grad

61.9 sq mi

ZIP Area

28

Density / Sq Mi

$110,833

Median Household Income

$43,611

Median Earnings

$3,501

Median Rent

$615,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

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