12233-12247 Woodside Ave Lakeside, CA 92040
This exceptional investment opportunity presents a 9,600 square foot multi-tenant property situated on a sizable 0.81-acre lot (35,284 sq ft) in Lakeside, California. The property comprises two buildings, constructed in 1968, featuring approximately 5,600 square feet of multi-tenant retail space and a 4,000 square foot metal free-span automotive/industrial building. Currently boasting eight tenants, including a well-established local brewery and other diverse businesses, the property offers strong potential for increased occupancy. The retail building received a new TPO roof in 2020, complete with a ten-year manufacturer's warranty, and the parking lot has been recently restriped and resealed. The auto repair portion includes a fenced storage yard with two drive-around access gates. This NNN net lease property, zoned C36, offers a compelling 5.70% cap rate with a current NOI of $145,255 and an asking price of $2,550,000 ($265.62/sq ft). A clean Phase 1 environmental report is available. This prime location on Woodside Avenue, a bustling commercial district, ensures high visibility and accessibility, making it an ideal investment for discerning buyers seeking a diversified, income-producing asset in a thriving California market. The property's strong tenant mix and recent improvements contribute to its exceptional value and potential for future growth.
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.