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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Medical Office Space
2311 El Cajon Blvd 15 San Diego, CA 92104-1105
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8644995
Property summary
AI-generated overview
This exceptional multi-tenant property at 2311-13 El Cajon Boulevard in San Diego, California, presents a unique investment opportunity. Located in the vibrant North Park neighborhood (zip code 92104), this retail, office, and tasting room space boasts a highly desirable location with a walk score of 93. The property is situated in San Diego County and benefits from its proximity to established businesses such as Pomegranate, Gnarly Girl Pizza, and Luigi's Pizza. The newly renovated Lafayette Hotel is also within easy walking distance. This area represents one of San Diego's oldest suburbs, experiencing a resurgence as a hub for new development. The property's multiple tenancy structure offers flexibility for various business models. The address is 2311-13 El Cajon Blvd, San Diego, CA 92104. This prime location offers unparalleled access to numerous amenities, making it an ideal space for businesses seeking high visibility and foot traffic in a thriving community. The property type is classified as retail, office, and includes a tasting room subtype. This presents a rare chance to secure a foothold in a rapidly evolving and highly sought-after area of San Diego.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1934
Total area
4,720 SF
Lot
0.16 ac (7,117 SF)
Zoning code
COMMERCIAL
APN
445-411-03-00
UPID
US09-8644995
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
-
Serpentine Cider | University Heights Bar & Pub
-
Serpentine Cider Bar & Pub
-
Monlinks Tree Removal San Diego Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$670k
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$806k
Blend (final)
Blend
$920k
Owner & transaction history
El Cajon 2315 Investments LLC · 7 yrs held
El Cajon 2315 Investments LLC
since 2019
5 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, 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 San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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
Method
Estimation
Statistic approach
by Request
ML approach
$670,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,280,000
7%
$1,185,000
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$195 / SF
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
$21,014
Tax year 2024
Assessed value
$1,689,251
Assessed 2024
Previous assessed
$1,689,251
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,175,668
Assessed improvement
$513,583
Applied tax rate
8.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1934
Heating
NONE
Units
1
Total area
4,720 SF
Lot
0.16 ac (7,117 SF)
Zoning code
COMMERCIAL
APN
445-411-03-00
UPID
US09-8644995
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1934
Heating
NONE
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
El Cajon 2315 Investments LLC
Entity
Mailing address
990 HIGHLAND DR STE #302, SOLANA BEACH, CA 92075-2438
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2022
—
El Cajon 2315 Investments LLC
—
Deed
related
$1,075,000 · Western Alliance Bank
Mar 20, 2019
$1,525,000
El Cajon 2315 Investments LLC
Motlagh Frank A Family Trust
Grant Deed
—
Sep 23, 2003
—
Motlagh,tr
Motlagh,frank A
Quit Claim Deed
related
—
Dec 24, 1997
$100,000
Frank A Motlack
North Park Medical Group
Grant Deed
—
—
—
Motlagh,frank A Family Trust
—
Deed Of Trust
related
$318,000 · Us Bank Trust Co
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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