El Cajon Retail Building
For Sale
Contact for pricing
997 Broadway, El Cajon, CA 92021
3,880 SF retail building with ample parking for sale.
Property Size3,880 SF
Lot Size0.34 Acres
Price / SF$335.05
Days on Market890
Property Features for 997 Broadway
General Information
Standard status
Active
Size
3,880 SF
Lot size
0.34 Acres
Property subtype
Retail
Zoning
C-G General Commercial
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$61,400
Building Details
Year Built
1979
Buildings
1
Stories
1
Units
3
Tenancy
Multi
Listing Agency:
Pacific Coast Commercial
(619) 379-3337
Listed By:
Michael Glickstein · License #CA 01075370
Source:
Crexi
Added: Mar 26, 2024
Changed: Aug 31
Last Checked: Aug 30 at 8:47PM
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 Pacific Coast Commercial
Investment Insights
Based on property information with market context.
This approximately 3,880 square foot building is available for sale. The property features a large lot with 100 feet of frontage and a depth of 150 feet, along with ample front and rear parking. The building is divided into three units: Unit A and Unit B each offer 1,000 square feet of space and include a bathroom, while Unit C provides 1,880 square feet and also has a bathroom. The property includes grade-level drive-in doors, with two single doors and one double door. Potential uses for the property include an antique shop, appliance repair or sales, beauty salon, child activity center or instructional studio, convenience market, general retail, hobby store, pawn shop, religious facility, restaurant or take-out, thrift shop or 99 cent store, and a veterinary clinic or animal grooming service.
Key Highlights
- Large Lot (100’ frontage x 150’ deep)
- Ample Front and Rear Parking
- Total Building Size: Approx. 3,880 SF
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,830
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$936,600
$936.6K
Cap Rate 7%
$669,000
$669.0K
Cap Rate 9%
$520,333
$520.3K
Market Conditions
NOI Build-Up for 3,880 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$69.8K $18.00/SF
− Vacancy
−$2.9K −$0.76/SF
EGI
$66.9K $17.24/SF
− OpEx
−$20.1K −$5.17/SF
NOI
$46.8K $12.07/SF
Area
El Cajon, CA
Vacancy
4.21%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$936,600
Cap Rate 7%
$669,000
Cap Rate 9%
$520,333
Alternative Uses
Best Use
Retail
$669.0K
$585.4K – $780.5K
NOI $46,830 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$964.0K
$843.5K – $1.12M
NOI $67,481 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,233
Businesses Nearby
111k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 41%
Hotels & Casinos 4%
Electronics 2%
Starbucks
Dining
18,600 visits/mo
0.3 miles
Wendy's
Dining
13,488 visits/mo
0.2 miles
Chevron
Shops & Services
12,558 visits/mo
0.3 miles
ARCO
Shops & Services
9,613 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,583 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 3,880 SF retail building with ample parking for sale.
Where is this retail space located?
The property is located at 997 Broadway El Cajon, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Large Lot (100’ frontage x 150’ deep); Ample Front and Rear Parking; Total Building Size: Approx. 3,880 SF
