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    2800 Fletcher Pkwy El Cajon, CA 92020

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    2800 Fletcher Pkwy El Cajon, CA 92020

    View on Map
    • Community centers
    • 27,200 SF
    • 2.34 lot acres
    For Lease
    $2,380,000
    View Listing →
    Retail Space For Lease For Lease
    $2,380,000

    Retail Space For Lease

    Retail space available for lease.

    2800 Fletcher Pkwy, El Cajon, CA 92020
    View Listing
    Property ID
    US09-8879029
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U.S. Bank ATM - Fletcher Parkway Vons / Atm
    • Western Union / Bank / Credit Union
    • Smart & Final Extra! / Big Box & Wholesale Store
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • Coinstar Kiosk / Bank / Credit Union

    Property Details for 2800 Fletcher Pkwy

    Year built
    1988
    Lot size
    2.34 lot acres
    Property size
    27,200 SF
    Zone code
    COMMERCIAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    481-310-28-00
    APU
    4813102800

    Description

    This exceptional 8,600 square foot free-standing retail building is available for lease at 2800 Fletcher Parkway in El Cajon, California, zip code 92020. The entire building, totaling 8,600 square feet, is currently vacant, presenting a unique opportunity for a single tenant or multiple tenants to establish a significant presence in this vibrant area. The property's location on Fletcher Parkway offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers. The building's free-standing design provides ample space and flexibility for a variety of retail uses, allowing for customization to meet specific business needs. This is an ideal location for businesses seeking a prominent and easily accessible retail space in a thriving community. The property is situated at 32.8009261 latitude and -117.0037293 longitude, providing easy navigation and identification. The property type is retail, and the tenancy is classified as multiple, allowing for diverse occupancy options. Serious inquiries are encouraged to explore the possibilities of this exceptional retail opportunity. The building's size and location make it a highly desirable property for businesses seeking to establish a strong presence in El Cajon.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -117.004
    Latitude
    32.8012
    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
    $53,960
    $1,954,449
    $2,196,249
    $4,150,698
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,875,000
      19,425 SF

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      MINI-MALL • 19,425 SF
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      View Details
    • Value Estimation
      $1,440,000
      16,292 SF

      2800 Fletcher Pkwy

      MINI-MALL • 16,292 SF
      2800 Fletcher Pkwy, El Cajon, CA 92020-2111
      View Details
    • Value Estimation
      $6,045,000
      73,060 SF

      802 Jackman St

      MINI-MALL • 73,060 SF
      802 Jackman St, El Cajon, CA 92020-3053
      View Details
    • Value Estimation
      $1,890,000
      21,440 SF

      1135 Avocado Ave

      MINI-MALL • 21,440 SF
      1135 Avocado Ave, El Cajon, CA 92020-7702
      View Details
    • Value Estimation by Request
      0.15 Acres

      Fletcher Pkwy

      MINI-MALL • 0.15 Acres
      Fletcher Pkwy, El Cajon, CA 92020
      View Details
    • Value Estimation by Request
      3,055 SF

      1125 Chase Ave

      MINI-MALL • 3,055 SF
      1125 Chase Ave, El Cajon, CA 92020
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      122,484 SF

      Retail Pad Space Available

      Retail pad space available for lease.
      291 Fletcher Pkwy, El Cajon, CA 92020
      View Details
    • 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

    Similar Nearby for Lease

    • Contact for pricing
      4,183 SF

      Retail Space in Parkway Plaza

      Retail space available in a regional shopping center.
      575 Fletcher Pkwy, El Cajon, CA 92020
      View Details
    • Contact for pricing
      1,286 SF

      Anchored Retail Space Available

      Retail space with prime visibility in El Cajon, CA.
      2646-2890 Fletcher Pkwy, El Cajon, CA 92020
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in El Cajon

      Grocery-anchored shopping center in a densely populated area.
      1091 E Main St, El Cajon, CA 92020
      View Details
    • $2 SF/Yr
      750 SF

      Retail Space in El Cajon

      Retail space available in a well-established El Cajon location.
      660 S Magnolia Ave, El Cajon, CA 92020
      View Details
    • Contact for pricing

      Fully Leased Retail Property

      Retail property in El Cajon, CA, currently 100% leased.
      832-868 Jackman St, El Cajon, CA 92020
      View Details
    • Contact for pricing

      El Cajon Retail/Office Space

      Retail and office spaces available near Parkway Plaza regional mall.
      450 Fletcher Pkwy, El Cajon, CA 92020
      View Details
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    El Cajon, CA 92020
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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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