Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10517 Prospect Ave Santee, CA 92071-4530

    • Auto shops
    • 2,400 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Feb 28, 2020
    $675,000
    Value Estimations
    $865,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9297168
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • D & R Automotive / Auto Repair Shop / Auto Tune Up Service

    Property Details for 10517 Prospect Ave

    Year built
    1972
    Lot size
    0.15 lot acres
    Property size
    2,400 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Auto shops
    APN
    384-250-05-00
    APU
    3842500500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $850,000
      ML approach
      $750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $916,000
      Market price range: $458k - $1.53M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $915,000
      Current use
      MEDICAL BUILDING
      $1,140,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $865,000
      Change: -6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santee
    County
    San Diego
    State
    California
    Longitude
    -116.969
    Latitude
    32.8309
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $7,176
    $375,269
    $187,634
    $562,903
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,795,000
      4,776 SF

      10332 Msn Gorge Rd

      AUTO REPAIR, GARAGE • 4,776 SF
      10332 Msn Gorge Rd, Santee, CA 92071-3030
      View Details
    • Value Estimation
      $310,000
      2.05 Acres

      10731 Woodside Ave

      AUTO REPAIR, GARAGE • 2.05 Acres
      10731 Woodside Ave, Santee, CA 92071-3144
      View Details
    • Value Estimation
      $355,000
      2,304 SF

      8629 Tumbleweed Ter

      AUTO REPAIR, GARAGE • 2,304 SF
      8629 Tumbleweed Ter, Santee, CA 92071-4542
      View Details
    • Value Estimation
      $575,000
      46,930 SF

      8809 Msn Gorge Rd

      AUTO REPAIR, GARAGE • 46,930 SF
      8809 Msn Gorge Rd, Santee, CA 92071-3719
      View Details
    • Value Estimation
      $265,000
      5,712 SF

      10659 Prospect Ave

      AUTO REPAIR, GARAGE • 5,712 SF
      10659 Prospect Ave, Santee, CA 92071-4574
      View Details
    • Value Estimation
      $255,000
      2,704 SF

      8625 Cuyamaca St

      AUTO REPAIR, GARAGE • 2,704 SF
      8625 Cuyamaca St, Santee, CA 92071-4214
      View Details

    Similar Nearby for Sale

    • $95,000

      Auto Repair Business Opportunity

      Turn-key auto repair business with warehouse and mezzanine.
      11421 Woodside Ave, Santee, CA 92071
      View Details
    • $189,999

      Rancho Fanita Specialty Property

      Specialty property for sale in Santee, California.
      7908 Rancho Fanita Spc 4 Dr, Santee, CA 92071
      View Details
    • $320,000

      Mission Gorge Road Specialty Property

      Specialty property available for sale on Mission Gorge Road.
      8545 Mission Gorge Rd, Santee, CA 92071
      View Details
    • $975,000

      Santee Commercial Land Investment

      1.34 Acres, High Cap Rate Potential
      0 Prospect Ave, Santee, CA 92071
      View Details
    • $750,000
      1,741 SF

      Turnkey Townhome with Mountain Views

      Updated 3-bedroom townhome in Skyranch with breathtaking mountain views.
      1710 Montilla St, Santee, CA 92071
      View Details
    • $3,000,000

      Commercial Land with Freeway Frontage

      1.38-acre commercial land with redevelopment potential and freeway frontage.
      11555 Woodside Ave, Santee, CA 92071
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,628 SF

      Santee Retail Pad Sites Ground Lease

      Prime Santee location, drive-thru potential.
      11007 Woodside Ave, Santee, CA 92071
      View Details
    • Contact for pricing
      2,425 SF

      Retail Space in Santee Center

      Retail space available in busy Santee location.
      9640-9760 Mission Gorge Rd, Santee, CA 92071
      View Details
    • Contact for pricing
      2,700 SF

      Retail Space in Santee Center

      Retail space available in established Santee shopping center.
      9625-9665 Mission Gorge Rd, Santee, CA 92071
      View Details
    • Contact for pricing
      1,157 SF

      Santee Retail Space Available

      Open-air shopping center space for lease in Santee, CA.
      9850 Mission Gorge Rd, Santee, CA 92071
      View Details
    • Contact for pricing
      6,300 SF

      Retail Space in Santee, CA

      6,300 SF retail space available for rent.
      10757 Woodside Ave, Santee, CA 92071
      View Details
    • $30 SF/Yr
      1,183 SF

      Santee Fitness Center Space Available

      1,183 SF Retail Fitness Space in Santee
      9906 Mission Gorge Rd, Santee, CA 92071
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10517 Prospect Ave
    Santee, CA 92071-4530
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.