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    1100 2Nd St El Cajon, CA 92021

    Sponsored
    For Sale
    $3,800,000

    14-Unit Office Building, 100% Occupancy

    Property size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 14-unit office building, located at 1100 N 2nd St, El Cajon, CA 92021, presents a compelling investment opportunity. The property boasts a total of 13,000 square feet and is currently 100% occupied, generating a strong income stream under a gross lease structure. The building features numerous long-term tenants, ensuring consistent cash flow. Recent improvements significantly enhance the property's value and appeal. These upgrades include a completely renovated lobby with new tile flooring and fresh paint throughout the common areas. Exterior painting and the replacement of most HVAC units within the past few years further demonstrate the commitment to meticulous maintenance. The building's pristine condition makes it one of the cleanest office buildings in El Cajon. This turnkey investment is ideal for buyers seeking a secure, high-performing asset in a desirable San Diego County location. The asking price is $3,800,000, representing a 4.58% capitalization rate. This property offers a rare opportunity to acquire a well-maintained, income-producing asset with a strong tenant base in a thriving market. The building's location in El Cajon provides easy access to major transportation routes and amenities. This is a truly exceptional opportunity for a savvy investor seeking a stable and profitable investment.

    Property Features for 1100 2Nd St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    13,000 SF

    HighLights

    • $3,800,000 asking price.
    • 13,000 square foot Traditional Office building.
    • Gross lease, multi‑tenant occupancy at 100%.
    • Located at 1100 N 2nd St, El Cajon, CA 92021.
    • 14‑unit building with long‑term tenants.
    • Recently renovated with upgrades including lobby tile, paint, and HVAC.
    Property Profile Location Intelligence

    Current Use by Public Records

    California Listing Services Real Estate Agency Professional Family Dental Dental Clinic Home Loans Real Estate Agency Damian Lyon, Realtor Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.9360044
    Latitude
    32.8099433

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    FAQs

    What type of property is this?
    Office Property / Space - 14-Unit Office Building, 100% Occupancy
    Where is this office property / space located?
    The property is located at 1100 2Nd St El Cajon, CA.
    What is the asking price?
    The asking price for this property is $3,800,000.
    What are key features of this property?
    This property features: $3,800,000 asking price.; 13,000 square foot Traditional Office building.; Gross lease, multi-tenant occupancy at 100%.
    Request Owner's contact information
    1100 2Nd St El Cajon, CA 92021
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    El Cajon, CA 92021
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    Realmo Value Estimation

    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.

    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.

    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
    1100 2Nd St El Cajon, CA 92021
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