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    1220 Magnolia Ave El Cajon, CA 92020-1980

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    1220 Magnolia Ave El Cajon, CA 92020-1980

    View on Map
    • Retail space
    • 22,195 SF
    • 2.36 lot acres
    Off-Market
    Last Sale Sep 26, 2024
    Property ID
    US09-9629365
    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
    $2,590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vista Paint / Hardware & Home Improvement / Building Supply

    Property Details for 1220 Magnolia Ave

    Year built
    1990
    Lot size
    2.36 lot acres
    Property size
    22,195 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Retail space
    APN
    483-022-64-00
    APU
    4830226400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,660,000
      Market price range: $1.36M - $4.41M

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.963
    Latitude
    32.8128
    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
    $43,691
    $1,412,044
    $1,350,680
    $2,762,724
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $885,000
      4,705 SF

      150 Madison Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,705 SF
      150 Madison Ave, El Cajon, CA 92020-3404
      View Details
    • Value Estimation
      $1,370,000
      7,265 SF

      345 Magnolia Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,265 SF
      345 Magnolia Ave, El Cajon, CA 92020-3900
      View Details
    • Value Estimation
      $5,050,000
      27,050 SF

      315 Magnolia Ave, Unit 27

      RETAIL STORES (PERSONAL SERVICES) • 27,050 SF
      315 Magnolia Ave, El Cajon, CA 92020-3907
      View Details
    • Value Estimation
      $585,000
      3,910 SF

      175 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,910 SF
      175 Main St, El Cajon, CA 92020-3459
      View Details
    • Value Estimation
      $590,000
      3,680 SF

      339 Cypress Ln

      RETAIL STORES (PERSONAL SERVICES) • 3,680 SF
      339 Cypress Ln, El Cajon, CA 92020-1603
      View Details
    • Value Estimation
      $2,200,000
      17,410 SF

      124 Main St Ste, Unit 240

      RETAIL STORES (PERSONAL SERVICES) • 17,410 SF
      124 Main St Ste, El Cajon, CA 92020-3958
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Retail pad space available for lease.
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      3,800 SF

      El Cajon Redevelopment Opportunity

      Prime corner lot for mixed-use redevelopment in El Cajon.
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      Three buildings in Fletcher Hills with mixed-use zoning and parking.
      2434 Fletcher Pkwy, El Cajon, CA 92020
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    Similar Nearby for Lease

    • Contact for pricing
      4,183 SF

      Retail Space in Parkway Plaza

      Retail space available in a regional shopping center.
      575 Fletcher Pkwy, El Cajon, CA 92020
      View Details
    • $2 SF/Yr
      750 SF

      Retail Space in El Cajon

      Retail space available in a well-established El Cajon location.
      660 S Magnolia Ave, El Cajon, CA 92020
      View Details
    • Contact for pricing
      7,574 SF

      El Cajon Retail Space

      Retail space available in El Cajon, California.
      876-890 Jackman St, El Cajon, CA 92020
      View Details
    • Contact for pricing
      17,000 SF

      El Cajon Retail Investment Opportunity

      NNN leased retail property with annual rent increases for sale.
      1360 N Magnolia Ave, El Cajon, CA 92020
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in El Cajon

      Grocery-anchored shopping center in a densely populated area.
      1091 E Main St, El Cajon, CA 92020
      View Details
    • Contact for pricing

      El Cajon Retail/Office Space

      Retail and office spaces available near Parkway Plaza regional mall.
      450 Fletcher Pkwy, El Cajon, CA 92020
      View Details
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    El Cajon, CA 92020-1980
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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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