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    1660-1676 Main St Ramona, CA 92065

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    1660-1676 Main St Ramona, CA 92065

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    • Lifestyle centers
    • 22,527 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1660-1676 Main St

    Property size
    22,527 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Stonegate Plaza presents a compelling investment opportunity in the thriving Ramona, San Diego County market. This dominant shopping center totals 22,527 square feet and features a strong tenant mix, anchored by a Stater Bros. grocery store and a Goodwill. Currently, there are three available retail spaces ranging in size from 1,100 to 2,215 square feet, providing flexibility for a variety of businesses. The center's strategic location at a primary intersection within this established trade area ensures high visibility and accessibility for potential tenants. The property's existing occupancy demonstrates a proven track record of success, making it an attractive option for investors seeking a stable and growing retail investment. With 3,000 square feet currently vacant, this presents a unique chance to add value and further enhance the center's already strong tenant roster. The property's classification as a multiple-tenancy shopping center offers diversification and potential for long-term rental income. This is an exceptional opportunity to acquire a well-positioned retail property in a desirable San Diego County location. The available spaces offer a chance to capitalize on the strong existing tenant base and the high traffic volume generated by the center's prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ramona
    County
    San Diego
    State
    California
    Longitude
    -116.878
    Latitude
    33.0363

    Comparable in this City

    • Value Estimation
      $525,000
      1.24 Acres

      1441 Main St

      MINI-MALL • 1.24 Acres
      1441 Main St, Ramona, CA 92065-2128
      View Details
    • Value Estimation
      $2,345,000
      7,130 SF

      1443 Main St, Unit 53

      MINI-MALL • 7,130 SF
      1443 Main St, Ramona, CA 92065-2128
      View Details
    • Value Estimation
      $7,050,000
      9,999 SF

      1853 Main St, Unit 55

      SHOPPING CENTER, STRIP CENTER • 9,999 SF
      1853 Main St, Ramona, CA 92065-2512
      View Details
    • Value Estimation
      $2,400,000
      6,120 SF

      Main St

      SHOPPING CENTER, STRIP CENTER • 6,120 SF
      Main St, Ramona, CA 92065
      View Details
    • Value Estimation
      $2,790,000
      7,996 SF

      Main St

      SHOPPING CENTER, STRIP CENTER • 7,996 SF
      Main St, Ramona, CA 92065
      View Details
    • Value Estimation
      $2,525,000
      5,005 SF

      1664 Main St

      SHOPPING CENTER, STRIP CENTER • 5,005 SF
      1664 Main St, Ramona, CA 92065-5229
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Grocery Anchored Shopping Center Space

      Dominant shopping center anchored by Stater Bros and Goodwill.
      1660-1676 Main St, Ramona, CA 92065
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    • Contact for pricing
      5,460 SF

      Retail Space with Drive-Thru

      5,457 SF retail space with drive-thru in Ramona, CA.
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      Prominent Retail Center in Ramona

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      Ramona Retail Space Available

      Retail space available for lease in Ramona, California.
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      Retail Space with Drive-Thru

      Retail space with drive-thru available for lease in Ramona.
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      Retail Space in Ramona

      Retail property available for lease in Ramona, California.
      1512 Main St, Ramona, CA 92065
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    Ramona, CA 92065
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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