El Cajon Office Building
For Sale
Contact for pricing
1100 N 2nd St, El Cajon, CA 92021
Income-producing 14-unit office building in El Cajon, California.
Property Size13,600 SF
Price / SF$294.12
Days on Market1072
Property Features for 1100 N 2nd St
General Information
Standard status
Active
Size
13,600 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
Gross
Net Operating Income
$160,000
Building Details
Tenancy
Multi
Listing Agency:
The Real Estate Agency - John Van Tassel
Listed By:
John Van Tassel · License #CA 01723635
(858) 503-0848
Source:
Crexi
Added: Nov 7, 2023
Changed: Aug 8
Last Checked: Aug 8 at 11:20AM
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 The Real Estate Agency - John Van Tassel
Investment Insights
Based on property information with market context.
This 13,600 square foot office building in El Cajon, California, presents an investment opportunity with a secure income stream. The property features 14 units and houses many long-term tenants. Recent improvements include upgraded lobby tile flooring, fresh paint in the lobby and all common areas. In recent years, the building exterior has been painted, and most of the HVAC units have been replaced. The property is intended for commercial use.
Key Highlights
- Secure, income‑producing 14‑unit office building
- Meticulously maintained property
- Long‑term tenants in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$200,428
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,008,560
$4.0M
Cap Rate 7%
$2,863,257
$2.9M
Cap Rate 9%
$2,226,978
$2.2M
Market Conditions
NOI Build-Up for 13,600 SF
Gross rent
$306.8K $22.56/SF
− Vacancy
−$39.6K −$2.91/SF
EGI
$267.2K $19.65/SF
− OpEx
−$66.8K −$4.91/SF
NOI
$200.4K $14.74/SF
Area
El Cajon, CA
Vacancy
12.90%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,008,560
Cap Rate 7%
$2,863,257
Cap Rate 9%
$2,226,978
Alternative Uses
Best Use
Office B
$2.86M
$2.51M – $3.34M
NOI $200,428 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.38M
$2.96M – $3.94M
NOI $236,533 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
Business Placement
Demographics for 92021, CA
70,584
Population
23,360
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
28.0 sq mi
ZIP Area
2,521
Density / Sq Mi
$69,979
Median Household Income
$37,739
Median Earnings
$1,818
Median Rent
$572,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Income-producing 14-unit office building in El Cajon, California.
Where is this office building located?
The property is located at 1100 N 2nd St El Cajon, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Secure, income‑producing 14‑unit office building; Meticulously maintained property; Long‑term tenants in place
