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    Property profile & analytics

    1245 Tres Lomas Dr El Cajon, CA 92021

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6789627
    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

    • Commercial real estate

    Property Details for 1245 Tres Lomas Dr

    Property type
    Commercial real estate
    APN
    5072006600

    Description

    This exceptional El Cajon property, located at 1245 Tres Lomas Dr, offers a compelling investment opportunity. The 43,996 square foot lot (APN 5072006600) is zoned RS-14 and includes three parcels. Currently featuring a well-maintained mid-century ranch-style home with three bedrooms and two bathrooms, valued at over $950,000, this property presents significant potential. The existing home offers immediate income potential or the possibility of an Accessory Dwelling Unit (ADU). Parcels two and three are zoned to allow for substantial single-family residences, each with the option of adding an ADU. Development is simplified by the availability of water and sewage tie-ins, along with an approved grading plan. This turnkey opportunity combines immediate value with significant long-term growth potential in a desirable El Cajon location (zip code 92021). The property is owned by RLM SURF LLC. This is a rare chance to acquire a substantial residential land parcel in San Diego County, California, ready for immediate development or strategic investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.92147838449
    Latitude
    32.812316705259

    Comparable in this City

    • $1,950,000
      1.80 Acres

      El Cajon Development Land

      1.8 Acres, 18-Home Potential
      1161 Anza St, El Cajon, CA 92021
      View Details
    • New
      $2,000,000
      5,000 SF

      El Cajon Multifamily Investment Opportunity

      Well-maintained 10-unit apartment community near downtown El Cajon.
      359 N 1St St, El Cajon, CA 92021
      View Details
    • New
      $799,000
      2,300 SF

      El Cajon Residential Income Property

      Two homes on one lot, great investment opportunity!
      1235 Marline Ave, El Cajon, CA 92021
      View Details
    • $199,999
      11.97 Acres

      Vacant Land in El Cajon

      11.97-acre vacant lot in Crest community, Harbison Canyon.
      Ln N, El Cajon, CA 92021
      View Details
    • $650,000
      3.61 Acres

      Vacant Lot in El Cajon

      Vacant residential lot with utilities in El Cajon, California.
      14930 Shanteau Dr, El Cajon, CA 92021
      View Details
    • $65,000
      7,405.00 Acres

      Residential Lot in Crest Community

      0.17-acre lot for custom home in El Cajon.
      Highline Trl, El Cajon, CA 92021
      View Details

    Similar Nearby for Sale

    • $1,950,000
      1.80 Acres

      El Cajon Development Land

      1.8 Acres, 18-Home Potential
      1161 Anza St, El Cajon, CA 92021
      View Details
    • New
      $2,000,000
      5,000 SF

      El Cajon Multifamily Investment Opportunity

      Well-maintained 10-unit apartment community near downtown El Cajon.
      359 N 1St St, El Cajon, CA 92021
      View Details
    • New
      $799,000
      2,300 SF

      El Cajon Residential Income Property

      Two homes on one lot, great investment opportunity!
      1235 Marline Ave, El Cajon, CA 92021
      View Details
    • New
      $565,000
      390,733.20 Acres

      El Cajon Land For Sale

      8.97 acre residential land in El Cajon, California.
      9782 Chocolate Crk Rd, El Cajon, CA 92021
      View Details
    • $599,000
      Pending

      El Cajon Development Opportunity

      1.34-acre parcel near 8 Freeway, ideal for development.
      Calle De Buena Fe, El Cajon, CA 92021
      View Details
    • $1,375,000
      222,156.00 Acres

      El Cajon Development Opportunity

      5.1 acres in El Cajon with development potential.
      1161 N Anza St, El Cajon, CA 92021
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr

      El Cajon Multi-Tenant Office Space

      6,416 SF office building in the heart of El Cajon.
      1161 E Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      867 SF

      Retail Space with Restaurant Features

      End-cap retail space with partial restaurant infrastructure for rent.
      1291-1297 E Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      4,560 SF

      Retail Space in El Cajon

      Retail space available for lease in El Cajon, CA.
      1437 E Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      3,700 SF

      El Cajon Commercial Land - I-8 & Dunbar Ln

      Prime Retail/Restaurant Lot, Drive-Thru Ready
      9509 Chocolate Summit Dr, El Cajon, CA 92021
      View Details
    • Contact for pricing
      357 SF

      El Cajon Office Space Available

      Professional office space for rent in El Cajon, CA.
      1150 Broadway, El Cajon, CA 92021
      View Details
    • Contact for pricing
      867 SF

      Retail Space on Main Street

      In-line retail space with an open floor plan.
      1299 E Main St, El Cajon, CA 92021
      View Details
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    El Cajon, CA 92021
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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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