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    997 Broadway El Cajon, CA 92021

    For Sale
    $1,350,000

    Three-Tenant Retail Building, High NOI

    Property size:
    3,880 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional value-add retail investment property, located at 997 Broadway in El Cajon, California (92021), offers a compelling opportunity. The 3,880 square foot building sits on a sizable 0.34-acre lot (100' frontage x 150' deep), providing ample front and rear parking. Currently boasting 100% occupancy with three tenants, the property generates a strong net operating income (NOI) of $54,440, resulting in a 4.00% cap rate. The asking price is $1,350,000, translating to $347.94 per square foot. Built in 1979, this single-story building features three units: Unit A (1,000 sq ft with bathroom), Unit B (1,000 sq ft with bathroom), and Unit C (1,880 sq ft with bathroom). Convenient grade-level access is provided by two single and one double grade-level doors. The property's prominent Broadway location offers excellent signage opportunities. This is a rare chance to acquire a well-located, multi-tenant retail building with significant upside potential in a thriving San Diego County market. The property's features include great signage, ample parking, and convenient access. The APN is 484-294-26. The lease type is gross.

    Property Features for 997 Broadway

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,880 SF
    Lot Size
    14,810 SF

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Exceptional value‑add retail investment opportunity in El Cajon, CA.
    • 3,880 SF building on a 0.34‑acre lot with ample parking.
    • 100% occupancy with three tenants generating $54,440 NOI and a 4.00% cap rate.
    • Asking price: $1,350,000 ($347.94/SF).
    • Three units (1,000 SF, 1,000 SF, 1,880 SF), each with a bathroom, and grade‑level access.
    • Prominent Broadway location with excellent signage opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Van Rental Agency Audio Shack Car Stereo Store Montana Capital Bad ... Loan Agency Pooch Bar Pet Groomer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    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
    -116.9482172
    Latitude
    32.8073003

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    FAQs

    What type of property is this?
    Individual retail property - Three-Tenant Retail Building, High NOI
    Where is this individual retail property located?
    The property is located at 997 Broadway El Cajon, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Exceptional value-add retail investment opportunity in El Cajon, CA.; 3,880 SF building on a 0.34-acre lot with ample parking.; 100% occupancy with three tenants generating $54,440 NOI and a 4.00% cap rate.
    Request Owner's contact information
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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
    997 Broadway El Cajon, CA 92021
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