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    2311 El Cajon Blvd, Unit 15 San Diego, CA 92104-1105

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    2311 El Cajon Blvd, Unit 15 San Diego, CA 92104-1105

    View on Map
    • Medical Office Space
    • 4,720 SF
    • 0.16 lot acres
    Off-Market
    Property ID
    US09-8644995
    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
    $920,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Serpentine Cider | University Heights / Bar & Pub
    • Serpentine Cider / Bar & Pub
    • Monlinks Tree Removal San Diego / Landscaping / General Contractor

    Property Details for 2311 El Cajon Blvd

    Year built
    1934
    Lot size
    0.16 lot acres
    Property size
    4,720 SF
    Zone code
    COMMERCIAL
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    445-411-03-00
    APU
    4454110300

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $670,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,385,000
      6.5%
      $1,280,000
      7%
      $1,185,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $805,000
      Market price range: $282k - $1.13M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.14
    Latitude
    32.7549
    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
    $21,014
    $1,175,668
    $513,583
    $1,689,251
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      3,516 SF

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      4,800 SF

      3795 30th St

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    • Value Estimation by Request
      1,650 SF

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      MEDICAL BUILDING • 1,650 SF
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      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Pending

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      North Park Multifamily Investment Opportunity

      Five-unit complex in North Park with strong tenant demand.
      4209 Wilson Ave, San Diego, CA 92104
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    Similar Nearby for Lease

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      1,270 SF

      North Park Office Space Available

      Flexible office spaces in a sought-after San Diego commercial district.
      3823 Ray St, San Diego, CA 92104
      View Details
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      North Park Retail/Office Space

      Centrally located retail or office space available February 2026.
      4379 30Th St, San Diego, CA 92104
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      North Park Retail Space Available

      Retail space in vibrant North Park, San Diego.
      3964 30Th St, San Diego, CA 92104
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      150 SF

      Retail Space on El Cajon

      Retail space available for rent, 150 square feet.
      1901-1995 El Cajon Blvd, San Diego, CA 92104
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      2,724 SF

      North Park Retail Building

      Prime retail space in San Diego's vibrant North Park.
      3060 University Ave, San Diego, CA 92104
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Retail space in high-traffic, walkable University Heights neighborhood.
      1901 El Cajon Blvd, San Diego, CA 92104
      View Details
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    San Diego, CA 92104-1105
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    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
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    2311 El Cajon Blvd, San Diego, CA, 92104

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