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    120 W El Norte Pkwy Escondido, CA 92026
    Property profile & analytics

    120 W El Norte Pkwy Escondido, CA 92026

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    • Strip malls
    • 12,950 SF
    • 1.22 lot acres
    For Lease
    $2,995,000
    View Listing →
    Retail Space in El Norte For Lease
    $2,995,000
    15,000 SF

    Retail Space in El Norte

    Retail space available in a highly trafficked shopping center.

    120 W El Norte Pkwy, Escondido, CA 92026
    View Listing
    Property ID
    US09-9240981
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Go-Mart / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • El Norte Broadway Center / Business Service Center / Corporate Office
    • InstaBitATM Bitcoin ATM / Atm
    • Western Union / Bank / Credit Union
    • GetCoins Bitcoin ATM / Crypto Atm

    Property Details for 120 W El Norte Pkwy

    Year built
    1984
    Lot size
    1.22 lot acres
    Property size
    12,950 SF
    Zone code
    COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    226-210-41-00
    APU
    2262104100

    Description

    This exceptional retail opportunity is located within the El Norte Broadway Center, a thriving shopping center in San Diego County. The available space, Suite 122, offers approximately 900 square feet of versatile retail space, perfect for a variety of businesses. The entire shopping center encompasses approximately 15,000 square feet, providing ample space for customer parking and foot traffic. This location boasts excellent visibility and accessibility, situated near the intersection of major thoroughfares with high daily traffic volume exceeding 26,776 vehicles. The property benefits from strong daytime demographics and a wealth of surrounding retail amenities, creating a vibrant and attractive commercial environment. The lease rate for Suite 122 is $1.95 per square foot, plus a triple net (NNN) charge of $0.40 per square foot. This property is ideally suited for businesses seeking high visibility and a strong customer base in a well-established retail center. A video showcasing the property is available online. The property is classified as a multi-tenant retail strip center. The total building size is 9,319 square feet. This is a fantastic opportunity to establish or expand your business in a high-traffic, desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,125,000
      6.5%
      $3,805,000
      7%
      $3,535,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Escondido
    County
    San Diego
    State
    California
    Longitude
    -117.091
    Latitude
    33.1398
    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
    $18,160
    $751,414
    $836,711
    $1,588,125
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,940,000
      16,274 SF

      555 Country Clb Ln

      SHOPPING CENTER, STRIP CENTER • 16,274 SF
      555 Country Clb Ln, Escondido, CA 92026-1226
      View Details
    • Value Estimation
      $4,875,000
      20,482 SF

      1860 El Norte Pkwy, Unit 98

      SHOPPING CENTER, STRIP CENTER • 20,482 SF
      1860 El Norte Pkwy, Escondido, CA 92026-3343
      View Details
    • Value Estimation
      $3,785,000
      29,063 SF

      964 El Norte Pkwy, Unit 98

      SHOPPING CENTER, STRIP CENTER • 29,063 SF
      964 El Norte Pkwy, Escondido, CA 92026-3339
      View Details
    • Value Estimation
      $2,395,000
      19,552 SF

      1008 El Norte Pkwy, Unit 42

      SHOPPING CENTER, STRIP CENTER • 19,552 SF
      1008 El Norte Pkwy, Escondido, CA 92026-3341
      View Details
    • Value Estimation
      $1,445,000
      9,999 SF

      322 El Norte Pkwy, Unit 58

      MINI-MALL • 9,999 SF
      322 El Norte Pkwy, Escondido, CA 92026-1901
      View Details
    • Value Estimation
      $6,960,000
      56,893 SF

      302 El Norte Pkwy, Unit 18

      MINI-MALL • 56,893 SF
      302 El Norte Pkwy, Escondido, CA 92026-1950
      View Details

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      Escondido Retail Space Available

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      Escondido Retail Space For Lease

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      Retail Space in Busy Center

      Retail space available in a busy neighborhood community center.
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      Retail Space in Busy Center

      Retail/office space with excellent visibility and ample parking.
      1860-1896 W El Norte Pkwy, Escondido, CA 92026
      View Details
    • Contact for pricing

      Retail Space in El Norte

      Retail space available in a highly trafficked shopping center.
      120 W El Norte Pkwy, Escondido, CA 92026
      View Details
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    Escondido, CA 92026
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    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
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    120 W El Norte Pkwy, Escondido, CA, 92026
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