1068 Broadway El Cajon, CA 92021-4862
Property profile & analytics
1068 Broadway El Cajon, CA 92021-4862
- Medical Office Space
- 15,632 SF
- 0.89 lot acres
Property ID
US09-8848329
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.
Location Intelligence
Current Use by Public Records
- Faragallah S Chiropractic Orthost & QLFD MDCL Exmn / Medical Clinic
- CRT Plasma / Medical Clinic
- East County Pain and Rehabilitation Center / Medical Clinic
- Cheri Joseph L.Ac. HHP / Pediatrician / Medical Clinic
- Scantibodies Biologics Plasma Center / Medical Clinic
Property Details for 1068 Broadway
- Year built
- 1985
- Lot size
- 0.89 lot acres
- Property size
- 15,632 SF
- Zone code
- COMMERCIAL
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 484-293-34-00
- APU
- 4842933400
Description
This exceptional investment opportunity presents a 15,632-square-foot medical office building in El Cajon, CA, currently occupied by CRT Plasma under a 15-year absolute triple-net (NNN) lease. The lease features a 6.95% cap rate and a substantial 2.5% annual rent increase. Four 5-year renewal options provide long-term stability. The property boasts a 100% occupancy rate and a strong NOI of $468,960. Situated on a 0.89-acre lot, the building was constructed in 1984 and enjoys a prime location on Broadway, a major thoroughfare with over 24,700 vehicles daily. The area offers excellent visibility and accessibility, with proximity to Interstate 8 (148,000 VPD) and CA-67 (100,000 VPD). The surrounding area is densely populated, with over 308,000 residents within a five-mile radius and an average household income exceeding $124,210. Major retailers such as Target, Home Depot, and Best Buy are nearby, along with Parkway Plaza, a regional shopping center. The low submarket vacancy rate of 3% (according to CoStar) further underscores the desirability of this location. The tenant, CRT Plasma, is a well-established medical practice led by a Johns Hopkins-trained specialist, ensuring a stable and reliable income stream. This sale-leaseback opportunity offers a compelling combination of strong financial performance, long-term lease security, and a desirable location within the San Diego MSA. The asking price is $6,750,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $6,625,000
- ML approach
- $6,600,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $7,420,000 Current use
- RESTAURANT
- $10,250,000 Change: +38% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- El Cajon
- County
- San Diego
- State
- California
- Longitude
- -116.946
- Latitude
- 32.8081
- 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
$59,698
$3,060,000
$1,785,000
$4,845,000
-
$0.00
$0.00
$0.00
