Add Listing
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

    111 Washington Ave Escondido, CA 92025-2629

    • Grocery and convenience stores
    • 14,998 SF
    • 1.49 lot acres
    OFF-MARKET
    Last Sale
    Jul 31, 2020
    $4,500,000
    Value Estimations
    $4,665,000
    Show details
    Cap Rate Potential
    5.1%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US09-8569863
    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

    • Grace Nguyen, RPH / Pharmacy
    • Reina Nakasone, PharmD / Pharmacy
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Blink Charging Station / Electric Vehicle Charging Station
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 111 Washington Ave

    Year built
    2000
    Lot size
    1.49 lot acres
    Property size
    14,998 SF
    Zone code
    COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    229-291-28-00
    APU
    2292912800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,775,000
      ML approach
      $4,890,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,030,000
      6.5%
      $3,720,000
      7%
      $3,455,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,334,000
      Market price range: $2.67M - $5.23M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,620,000
      Current use
      AUTO REPAIR, GARAGE
      $5,725,000
      Change: +58% Conversion: Difficult
      OFFICE BUILDING
      $5,410,000
      Change: +49% Conversion: Easy
      MEDICAL BUILDING
      $4,540,000
      Change: +25% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,115,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Escondido
    County
    San Diego
    State
    California
    Longitude
    -117.084
    Latitude
    33.1264
    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
    $30,292
    $1,322,315
    $1,329,567
    $2,651,882
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,790,000
      26,690 SF

      510 13th Ave

      GROCERY, SUPERMARKET • 26,690 SF
      510 13th Ave, Escondido, CA 92025-5619
      View Details
    • Value Estimation
      $5,765,000
      43,551 SF

      351 Felicita Ave

      GROCERY, SUPERMARKET • 43,551 SF
      351 Felicita Ave, Escondido, CA 92025-6515
      View Details
    • Value Estimation by Request
      4,344 SF

      553 9th Ave, Unit 55

      GROCERY, SUPERMARKET • 4,344 SF
      553 9th Ave, Escondido, CA 92025-4707
      View Details
    • Value Estimation by Request
      3.69 Acres

      644 Broadway

      GROCERY, SUPERMARKET • 3.69 Acres
      644 Broadway, Escondido, CA 92025-1802
      View Details
    • Value Estimation
      $6,665,000
      44,080 SF

      635 Broadway

      GROCERY, SUPERMARKET • 44,080 SF
      635 Broadway, Escondido, CA 92025-1801
      View Details
    • Value Estimation
      $1,910,000
      14,016 SF

      607 9th Ave, Unit 19

      GROCERY, SUPERMARKET • 14,016 SF
      607 9th Ave, Escondido, CA 92025-4709
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,500 SF

      Retail Space Available For Sale

      Retail property with 6,500 SF available in Escondido, CA.
      228 E Grand Ave, Escondido, CA 92025
      View Details
    • $850,000

      Commercial Building in Escondido

      Two-unit commercial building with parking in Escondido, California.
      651 Valley Blvd E, Escondido, CA 92025
      View Details
    • $850,000

      Escondido Commercial Building For Sale

      Two-unit commercial building in Escondido with parking.
      651-53 Valley Blvd E, Escondido, CA 92025
      View Details
    • $1,500,000
      2,400 SF

      Escondido Commercial Asset For Sale

      Commercial building in Escondido with redevelopment potential.
      1025-29 E Valley Pkwy, Escondido, CA 92025
      View Details
    • Contact for pricing
      6,434 SF

      Leased Retail Building in Escondido

      Multi-tenant retail building in a rapidly growing area.
      103-113 S Broadway, Escondido, CA 92025
      View Details
    • $1,599,000
      2,400 SF

      Escondido Retail Building - High Potential

      Prime Escondido location, high traffic, development potential.
      1025 Valley Pkwy, Escondido, CA 92025
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Retail Space in Escondido Hub

      Retail space with high visibility and convenient highway access.
      358-415 N Escondido Blvd, Escondido, CA 92025
      View Details
    • Contact for pricing
      1,700 SF

      Retail Space in Escondido Gateway

      Highly visible retail space in a regional hub location.
      810-890 W Valley Pkwy, Escondido, CA 92025
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space for lease at 1107 East Valley Parkway.
      1107 East Valley Pkwy, Escondido, CA 92025
      View Details
    • $4,500 /Mo
      1,906 SF

      Escondido Retail Space Available

      Versatile retail space suitable for various businesses in Escondido.
      136 S Juniper St, Escondido, CA 92025
      View Details
    • $1,750 /Mo

      Escondido Office or Retail Space

      Office or retail space available for lease in Escondido.
      365 W 2Nd Ave, Escondido, CA 92025
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent in Escondido, California.
      440 West Felicita Ave, Escondido, CA 92025
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      1.7k
    • Avg Time on site
      31 min
    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.
    111 Washington Ave
    Escondido, CA 92025-2629
    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.
    Sign Up Successful!
    You now have access to more from Realmo!