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    3451-3465 El Cajon Blvd San Diego, CA 92104

    Sponsored
    For Sale
    $5,625,000

    Prime San Diego Office & Retail

    Property size:
    19,953 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional San Diego investment opportunity presents a two-building commercial property totaling 19,953 square feet on a 13,383 square foot lot. Located in the highly desirable North Park neighborhood at 3451-3465 El Cajon Boulevard (zip code 92104), this property boasts a prime location near Interstate 805 and 15, offering easy access to major transportation routes. The property features a three-story building and a single-story retail storefront, currently generating $17,502 per month in net-net-net (NNN) lease income from five tenants. The asking price is $5,625,000, representing an attractive price per square foot of $286 and a pro-forma cap rate of 7.05%. The net rentable area is 8,007 square feet. The property is zoned CT-2-3 & CU-2-3, offering versatility for various uses. With its 20-foot ceilings and prominent El Cajon Boulevard location, this property presents significant potential for an owner-user or investor seeking a strong return in a thriving San Diego market. The property's location offers proximity to numerous dining, shopping, and entertainment options. This is an ideal opportunity for an event space, wedding venue, or music venue. The property's features include two buildings, three stories, and a multi-tenancy structure. The property is offered as an owner-user opportunity.

    Property Features for 3451-3465 El Cajon Blvd

    General Information

    Property type
    Retail properties
    Square Feet
    19,953 SF

    Building Details

    Buildings
    2
    Stories
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1188559
    Latitude
    32.7550454

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    FAQs

    What type of property is this?
    Retail property - Prime San Diego Office & Retail
    Where is this retail property located?
    The property is located at 3451-3465 El Cajon Blvd San Diego, CA.
    What is the asking price?
    The asking price for this property is $5,625,000.
    Request Owner's contact information
    3451-3465 El Cajon Blvd San Diego, CA 92104
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    San Diego, CA 92104
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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
    3451-3465 El Cajon Blvd San Diego, CA 92104
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