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Property profile & analytics
FOR LEASE
Retail space

1620 San Elijo Rd San Marcos, CA 92078

23,333 SF 1.8 ac lot Built 2018
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6798889
Property summary
AI-generated overview

This exceptional retail opportunity is located within the vibrant San Elijo Hills Town Center at 1620 San Elijo Rd, San Marcos, CA 92078. The property offers three available spaces, ranging from 1,033 to 1,100 square feet, totaling 2,133 square feet of vacant space. Ideally situated in San Diego County's San Elijo Hills submarket, this location benefits from high visibility and accessibility. The property enjoys a prime position at a signalized intersection directly across from an Albertsons grocery store, ensuring significant foot traffic and convenient access for customers. This retail center is centrally located within the master-planned community of San Elijo Hills, a thriving residential area with over 3,500 homes within the community itself and over 23,482 homes within a three-mile radius. This translates to a substantial and readily available customer base for any retail business. The property's strategic location within the Town Center District provides excellent exposure and accessibility, making it an ideal location for a variety of retail uses. This is a rare opportunity to establish a business in a high-demand, well-established community with strong demographics and significant growth potential. The property is classified as Retail, with Multiple Tenancy.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2018
Total area 23,333 SF
Lot 1.8 ac (78,408 SF)
Zoning code COMMERCIAL
APN 223-630-27-00
UPID US09-6798889
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
  • Starbucks Cafe & Coffee Shop
  • Downtown Academics Tutoring Service
  • Sourdough & Co. Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.64M
Comparable Approach Comparable
$6.22M
Blend (final) Blend
$6.06M
Owner & transaction history
Gershman Properties LLC · 6 yrs held
Gershman Properties LLC
since 2019
1 recorded transaction
2019
$16.0M
Zoning & alternative use
COMMERCIAL · San Marcos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $8.9M +25.7%
Apartment house (5+ units) $7.3M +3.7%
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