10340 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 $1,395,000. Located at 10340 Prospect, the property boasts FAA preliminary approval for storage/equipment parking. 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. Both parcels are situated within the Gillespie Field Overlay Zone and are zoned for light industrial use. A triple net lease option is available for $8,500 monthly for both parcels, or individual lease rates of $3,719 (Parcel 1) and $4,451 (Parcel 2) are also possible. Convenient ingress and egress is available on the west side, with potential east side access. The property's location within the Gillespie Field Compatibility Zone ensures strategic development potential. Detailed zoning information can be found in the Gillespie Community Land Use Plan (Page 32) and Gillespie Field Compatibility Plan (Pages 71-72, 107-112). Note that no structures can be built due to the Gillespie Community Land Use Plan and avigation easement. All information should be independently verified with the FAA, County of San Diego, and City of Santee. An adjacent parcel, previously used for two single-family residences, may also be available for purchase.
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
Similar Nearby for Sale
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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.