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Property profile & analytics
OFF-MARKET
Turn key restaurants
1588 Main St El Cajon, CA 92021-5901
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8817621
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1953
Total area
3,150 SF
Lot
0.31 ac (13,697 SF)
Zoning code
COMMERCIAL
APN
507-310-27-00
UPID
US09-8817621
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Racers Against Drugs Association Or Organization
-
Pernicanos Family Italian Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gerald Pernicano · 1 yrs held
Gerald Pernicano
since 2025
6 recorded transactions
Zoning & alternative use
COMMERCIAL · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,596
Tax year 2024
Assessed value
$455,126
Assessed 2024
Previous assessed
$455,126
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$227,563
Assessed improvement
$227,563
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1953
Heating
NONE
Units
1
Total area
3,150 SF
Lot
0.31 ac (13,697 SF)
Zoning code
COMMERCIAL
APN
507-310-27-00
UPID
US09-8817621
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · El Cajon, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1953
Heating
NONE
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Gerald Pernicano
Individual
Mailing address
1588 E MAIN ST, EL CAJON, CA 92021-5901
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2025
—
Gerald Pernicano
Pernicano Family Trust
Deed
related
—
Jan 24, 2017
—
1588 E Main St LLC
—
Deed
related
$600,000 · Seattle Funding Group Ltd
Apr 13, 2016
—
1588 E Main St LLC
Pernicano Family Trust
Quit Claim Deed
related
—
Mar 6, 2006
—
Pernicano Family Trust
Pernicano,george J & Isabelle C
Quit Claim Deed
related
—
Mar 1, 2006
—
George J Pernicano
Pernicano,george J & Isabelle C
Quit Claim Deed
related
—
—
—
1588 E Main St LLC
—
Deed Of Trust
related
$600,000 · Seattle Fndg Grp/ca
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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