Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    215 2nd St El Cajon, CA 92021-7243

    • Grocery and convenience stores
    • 15,120 SF
    • 1.63 lot acres
    OFF-MARKET
    Value Estimations
    $3,615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8890181
    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

    • Walgreens / Pharmacy
    • SemaConnect Charging Station / Electric Vehicle Charging Station
    • Blink Charging Station / Electric Vehicle Charging Station
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • LabCorp at Walgreens / Paternity Testing Service / Medical Laboratory

    Property Details for 215 2nd St

    Year built
    2001
    Lot size
    1.63 lot acres
    Property size
    15,120 SF
    Zone code
    COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    489-180-15-00
    APU
    4891801500

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,040,000
      6.5%
      $2,810,000
      7%
      $2,605,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,824,000
      Market price range: $895k - $3.84M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,070,000
      Current use
      OFFICE BUILDING
      $5,450,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.935
    Latitude
    32.7968
    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
    $70,778
    $3,511,555
    $2,215,955
    $5,727,510
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,835,000
      50,607 SF

      1608 Broadway

      GROCERY, SUPERMARKET • 50,607 SF
      1608 Broadway, El Cajon, CA 92021-5201
      View Details
    • Value Estimation
      $8,880,000
      53,780 SF

      444 Broadway

      GROCERY, SUPERMARKET • 53,780 SF
      444 Broadway, El Cajon, CA 92021-5421
      View Details
    • Value Estimation
      $3,710,000
      15,497 SF

      1299 Broadway

      GROCERY, SUPERMARKET • 15,497 SF
      1299 Broadway, El Cajon, CA 92021-4902
      View Details
    • Value Estimation
      $16,675,000
      56,525 SF

      13439 Camino Canada

      GROCERY, SUPERMARKET • 56,525 SF
      13439 Camino Canada, El Cajon, CA 92021-8811
      View Details
    • Value Estimation
      $2,755,000
      24,373 SF

      1435 Main St

      GROCERY, SUPERMARKET • 24,373 SF
      1435 Main St, El Cajon, CA 92021-8616
      View Details
    • Value Estimation by Request
      0.16 Acres

      13283 Hwy 8th Business

      RETAIL STORES (PERSONAL SERVICES) • 0.16 Acres
      13283 Hwy 8th Business, El Cajon, CA 92021-1872
      View Details

    Similar Nearby for Sale

    • $400,000
      1,060 SF

      El Cajon Commercial Condo

      Commercial condo for sale, suitable for small business.
      1174 Broadway, El Cajon, CA 92021
      View Details
    • $400,000

      El Cajon Commercial Condo

      Commercial condo for sale, suitable for small business.
      1174 Broadway 102, El Cajon, CA 92021
      View Details
    • $1,350,000
      3,880 SF

      El Cajon Retail Investment Opportunity

      Three-Tenant Retail Building, High NOI
      997 Broadway, El Cajon, CA 92021
      View Details
    • $20,557,000
      53,233 SF

      El Cajon Shopping Center Investment

      Grocery-anchored retail center, high occupancy.
      328-420 2Nd St, El Cajon, CA 92021
      View Details
    • $10,000,000
      2.54 Acres

      Prime El Cajon Retail Center

      High-yield retail property, excellent location.
      411 Broadway, El Cajon, CA 92021
      View Details
    • $490,000

      El Cajon Vacant Land Parcels

      Two vacant land parcels in El Cajon being sold together.
      1000 Mountain View Rd, El Cajon, CA 92021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,996 SF

      El Cajon Retail Space Available

      Retail space available for lease in El Cajon, CA.
      520-570 N 2Nd St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      1,700 SF

      El Cajon Freeway Stop Pads

      Pads available for lease in El Cajon freeway stop.
      8445 Los Coches Rd, El Cajon, CA 92021
      View Details
    • Contact for pricing
      1,326 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
      750 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      350-420 N 2Nd St, 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

    Property Visit Statistics

    • Visits by month
      44.2k
    • Visitors by month
      29.5k
    • Avg Time on site
      10 min
    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.
    215 2nd St
    El Cajon, CA 92021-7243
    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!