Prospect Ave Santee, CA 92071
This exceptional investment opportunity presents two adjacent commercial parcels totaling 1.34 acres (58,369 sq ft) in Santee, CA, listed at $759,952. Parcel 1 (APN 384-410-76-00) encompasses 31,798 sq ft, while Parcel 2 (APN 3385-410-20-00) covers 26,571 sq ft. The property boasts FAA preliminary approval for storage/equipment parking, aligning perfectly with its light industrial zoning within the Gillespie Field Overlay Zone. Convenient ingress and egress are available on the west side, with potential east-side access. A triple net lease option exists at $8,500 monthly for both parcels, or individual lease rates of $3,719 (Parcel 1) and $4,451 (Parcel 2) are also available. While no structures can be built due to the Gillespie Community Land Use Plan and avigation easement, this prime location offers significant potential for land development. Further enhancing the opportunity, an adjacent parcel, currently zoned for two single-family residences, may also be available for purchase. Prospective buyers are encouraged to review the Gillespie Community Land Use Plan (Page 32) and Gillespie Field Compatibility Plan (Pages 71-72, 107-112) for comprehensive zoning details. All information should be independently verified with the FAA, County of San Diego, and City of Santee.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.