Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1903 Friendship Dr El Cajon, CA 92020-1152
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1903 Friendship Dr El Cajon, CA 92020-1152

    View on Map
    • Office properties & Spaces
    • 43,000 SF
    • 2.68 lot acres
    Off-Market
    Property ID
    US09-9662800
    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
    $9,095,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Johnstone Supply / Big Box & Wholesale Store / Building Supply

    Property Details for 1903 Friendship Dr

    Year built
    1981
    Lot size
    2.68 lot acres
    Property size
    43,000 SF
    Zone code
    R-4:MULTIPLE RESIDENTIAL
    Property type
    Office properties & Spaces
    APN
    760-232-31-00
    APU
    7602323100

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $11,265,000
      6.5%
      $10,400,000
      7%
      $9,655,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,757,000
      Market price range: $9.70M - $24.5M
      AI Estimate
      $7,128,000
      Market price range: $7.13M - $12.4M

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.977
    Latitude
    32.8207
    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
    $55,048
    $2,225,727
    $2,078,359
    $4,304,086
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      718 SF

      275 Douglas Ave, Unit 109

      CONDOMINIUM OFFICES • 718 SF
      275 Douglas Ave, El Cajon, CA 92020-4582
      View Details
    • Value Estimation
      $1,320,000
      4,448 SF

      366 Pierce St

      CONDOMINIUM OFFICES • 4,448 SF
      366 Pierce St, El Cajon, CA 92020-4124
      View Details
    • Value Estimation by Request
      729 SF

      275 Douglas Ave Ste, Unit 106

      CONDOMINIUM OFFICES • 729 SF
      275 Douglas Ave Ste, El Cajon, CA 92020-4546
      View Details
    • Value Estimation by Request
      17,326 SF

      225 Madison Ave

      Medical Office Space • 17,326 SF
      225 Madison Ave, El Cajon, CA 92020
      View Details
    • Value Estimation by Request

      316 Front St

      Distribution properties
      316 Front St, El Cajon, CA 92020
      View Details
    • Value Estimation by Request
      13,852 SF

      230-292 Avocado Ave

      Medical Office Space • 13,852 SF
      230-292 Avocado Ave, El Cajon, CA 92020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,800 SF

      El Cajon Redevelopment Opportunity

      Prime corner lot for mixed-use redevelopment in El Cajon.
      939 W Main St, El Cajon, CA 92020
      View Details
    • $2,900,000

      Fletcher Hills Mixed-Use Opportunity

      Three buildings in Fletcher Hills with mixed-use zoning and parking.
      2434 Fletcher Pkwy, El Cajon, CA 92020
      View Details
    • Contact for pricing
      5,586 SF

      Freestanding Office Building For Rent

      Freestanding office building with flexible build-out and parking.
      624 El Cajon Blvd, El Cajon, CA 92020
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,053 SF

      Remodeled Office Space Available

      Newly remodeled second-floor office space available for rent.
      353 E Park Ave, El Cajon, CA 92020
      View Details
    • Contact for pricing
      765 SF

      Office/Retail Space Available

      Office/retail space with open layout, restroom, and ample parking.
      669-681 S Mollison Ave, El Cajon, CA 92020
      View Details
    • Contact for pricing

      Retail and Office Space Available

      First and second floor retail and office spaces for rent.
      450 Fletcher Pkwy, El Cajon, CA 92020
      View Details
    • Contact for pricing

      El Cajon Office Suite

      Office suite with functional layout and strategic location.
      225 W Madison Ave, El Cajon, CA 92020
      View Details
    • Contact for pricing
      1,701 SF

      El Cajon Office Space Available

      Office space for lease with flexible floor plans.
      900 N Cuyamaca St, El Cajon, CA 92020
      View Details
    • Contact for pricing
      3,465 SF

      Corner Office Space Available

      Office space for lease with high visibility and ample parking.
      680 Fletcher Pkwy, El Cajon, CA 92020
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1903 Friendship Dr
    El Cajon, CA 92020-1152
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!