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Property profile & analytics
OFF-MARKET
Estimated value
$6,175,000
Apartment buildings
2700 Chatham St El Cajon, CA 92020-2640
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-6967243
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1980
Total area
37,244 SF
Lot
2.79 ac (121,532 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
481-310-23-00
UPID
US09-6967243
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
-
Takelessons Music Lessons Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.33M
Comparable Approach
Comparable
$4.31M
Blend (final)
Blend
$6.18M
Owner & transaction history
Bridge Solar Energy Development I L · 2 yrs held
Bridge Solar Energy Development I L
since 2024
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, 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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
by Request
CAP Approach
CAP Return
Estimation
6%
$5,770,000
6.5%
$5,325,000
7%
$4,945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,285,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$6.18M
Range $5.56M – $6.79M · ±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
$166 / 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
$192,733
Tax year 2024
Assessed value
$15,127,421
Assessed 2024
Previous assessed
$15,127,421
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$8,323,200
Assessed improvement
$6,804,221
Applied tax rate
3.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1980
Heating
NONE
Units
42
Total area
37,244 SF
Lot
2.79 ac (121,532 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
481-310-23-00
UPID
US09-6967243
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$10.3M
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Units
42
Lot
2.79 ac
Current owner
From public records · entity-resolved
Bridge Solar Energy Development I L
Entity
Mailing address
1277 LENOX PARK BLVD #200, BROOKHAVEN, GA 30319-6010
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2024
—
Bridge Solar Energy Development I L
Bmf V Ca Colonnade Fletcher Hills L
Lease
—
Jun 24, 2022
$48,250,000
Bmf V Ca Colonnade Fletcher Hills L
B9 Mf 2950 Fletcher LLC
Grant Deed
$99,995,000 · Sumitomo Mitsui Banking Corp
Nov 12, 2019
—
B9 Mf 295 Fletcher LLC
—
Deed
related
—
Sep 5, 2019
$39,051,000
B9 Mf 2950 Fletcher LLC
Colonnade Fee Owner LLC
Grant Deed
—
Jan 16, 2015
$26,250,000
Colonnade Fee Owner LLC
Fletcher Hills Colonnade LLC
Grant Deed
$354,000,000 · Berkeley Point Cap
Oct 17, 2011
$21,250,000
Fletcher Hills Colonnade LLC
Fairfield Fletcher Hills LLC
Grant Deed
$13,861,500 · Bank Of America
Mar 21, 2007
—
Web Service Co INC
Fairfield Fletcher Hills LLC
Grant Deed
related
—
Sep 21, 2006
$19,500,000
Fairfield Fletcher Hills LLC
Ellen Kay Associates Ltd
Grant Deed
$17,065,000 · Connecticut General Life Ins
—
—
Ellen Kay Assoc
—
Deed Of Trust
related
$2,500,000 · Bank Of America
—
—
Hills T Fletcher
—
Deed Of Trust
related
$5,122,000 · Bankers Mutual
—
—
Ellen Kay Assoc
—
Deed Of Trust
related
$512,200 · Bankers Mutual
—
—
B9 Mf 295 Fletcher LLC
—
Deed Of Trust
related
—
—
—
Ellen Kays Associates Ltd
—
Deed Of Trust
related
$8,000,000 · Berkshire Mortgage Finance 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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