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    Property profile & analytics
    OFF-MARKET Estimated value $3,205,000
    Manufacturing properties

    10149 Channel Rd Ste A, Lakeside, CA 92040-1714

    14,472 SF 1 ac lot Built 1978
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-6840950
    Property summary
    AI-generated overview

    This exceptional 17,117-square-foot industrial flex warehouse building in Lakeside, California, presents a rare owner-user opportunity. Located on approximately one acre of land at 10149 Channel Road (APN 394-011-13-00), this single-story structure boasts a 16-foot ceiling height and ample parking for 25 vehicles. Built in 1978 and extensively renovated in 2023, the property features a new parking lot, a new torch-down roof (with partial plywood replacement), updated landscaping, fresh exterior paint, and new signage. The property is zoned S-88 and offers significant in-place income, minimizing occupancy costs for a new owner-user. This translates to a low cost per square foot, making it an attractive investment. The building's prime location offers excellent freeway access via the 67 freeway, providing easy connections to major San Diego freeways (52, 125, and 8) and key areas like Downtown San Diego, the seaport, and naval yards. Furthermore, the property benefits from its proximity to a wealth of retail amenities, including major national retailers within a two-mile radius, and is less than five miles from Mission Gorge Square, a large shopping mall in Santee. East County's exceptionally low vacancy rate (under 1%) further underscores the property's strong investment potential and anticipated appreciation. This owner-user opportunity combines immediate income generation with long-term investment growth in a thriving San Diego market.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1978
    Total area 14,472 SF
    Lot 1 ac (43,560 SF)
    Zoning code INDUSTRIAL (M ZONE)
    APN 394-011-13-00
    UPID US09-6840950
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hamel's Air Conditioning & Heating Inc. HVAC Service General Contractor
    • Leader Granite Kitchen & Bath Showroom Interior Design
    • Diesel System Services Auto Repair Shop
    • Empire Electric Corporation Electrical Service General Contractor
    • Window Tech Inc. Hardware & Home Improvement Interior Design
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.17M
    CAP Approach CAP
    $2.55M
    Comparable Approach Comparable
    $2.17M
    Blend (final) Blend
    $3.21M
    Owner & transaction history
    Royal Estate Development LLC · 3 yrs held
    Royal Estate Development LLC
    since 2022
    Last sale
    $3.3M
    7 recorded transactions
    2022
    $3.3M
    2019
    2005
    2002
    $1.2M
    1969
    1969
    1969
    Zoning & alternative use
    INDUSTRIAL (M ZONE) · Lakeside, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $5.2M +32.3%
    Retail stores $4.8M +21.2%
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