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    Property profile & analytics

    2990 Jamacha Rd El Cajon, CA 92019

    • Retail space
    • 44,485 SF
    • 3.42 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Last Sale
    May 07, 2021
    Value Estimations
    $565,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7642281
    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

    • Smiles West Dental & Orthodontics Rancho San Diego / Dentist / Endodontist
    • Elemental Healing Massage / Massage Therapist / Alternative Medicine Practitioner
    • Randy Benitez - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • Farmers Insurance - Kyle Wilkinson / Insurance Agency / Auto Insurance Agency
    • Sahara Taste of the Middle East / Middle Eastern Restaurant / Mediterranean Restaurant

    Property Details for 2990 Jamacha Rd

    Year built
    1988
    Lot size
    3.42 lot acres
    Property size
    44,485 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    506-120-01-00
    APU
    5061200100

    Description

    This exceptional commercial property, Plaza Rancho San Diego, presents a prime opportunity for businesses seeking high-visibility retail or office space in the thriving Rancho San Diego submarket of El Cajon, California. Located at 2990 Jamacha Rd, 92019, this two-story Class B building offers a total of 44,485 square feet, with multiple tenancy options available. Currently, there are 7,728 square feet of vacant space, divisible into units ranging from a minimum of 540 square feet to a maximum contiguous space of 2,150 square feet. Six individual spaces are currently available. Built in 1988, the property boasts ample parking to accommodate tenants and customers. While elevators are not present, the building's two-story design offers convenient access. The property is zoned for commercial use (APN: 506-120-01-00) and benefits from its prime location and high visibility, making it an ideal choice for a variety of businesses. This is a rare opportunity to secure space in a well-established center within a dynamic and growing community. Don't miss out on this chance to establish your business in a highly visible and accessible location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.942
    Latitude
    32.7404
    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
    $123,616
    $2,606,828
    $5,262,627
    $7,869,455
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $420,000
      5,300 SF

      2895 Jamacha Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,300 SF
      2895 Jamacha Rd, El Cajon, CA 92019-4397
      View Details
    • Value Estimation
      $685,000
      16,313 SF

      2883 Jamacha Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,313 SF
      2883 Jamacha Rd, El Cajon, CA 92019-4312
      View Details
    • Value Estimation
      $405,000
      9,960 SF

      2451 Jamacha Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,960 SF
      2451 Jamacha Rd, El Cajon, CA 92019-6319
      View Details
    • Value Estimation
      $415,000
      5,000 SF

      2907 Jamacha Rd, Unit 16

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      2907 Jamacha Rd, El Cajon, CA 92019-4342
      View Details
    • Value Estimation
      $670,000
      49,891 SF

      109 Jamacha Rd, Unit 95

      RETAIL STORES (PERSONAL SERVICES) • 49,891 SF
      109 Jamacha Rd, El Cajon, CA 92019-2357
      View Details
    • Value Estimation
      $305,000
      3,040 SF

      165 1st St

      RETAIL STORES (PERSONAL SERVICES) • 3,040 SF
      165 1st St, El Cajon, CA 92019-4795
      View Details

    Similar Nearby for Sale

    • $250,000
      Pending

      Vacant Land in El Cajon

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      El Cajon Property For Sale

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      85 Acres Mitigation Land

      85 acres of mitigation and conservation land for sale.
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    • $205,000
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      Rancho San Diego Manufactured Home

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      Mobile home in quiet park near amenities and transportation.
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    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Retail Space in El Cajon

      Retail property available for rent in El Cajon, CA.
      2983 Jamacha Rd, El Cajon, CA 92019
      View Details
    • Contact for pricing
      1,639 SF

      Retail Space Available

      In-line retail space for rent.
      2514-2522 Jamacha Rd, El Cajon, CA 92019
      View Details
    • Contact for pricing
      1,810 SF

      Rancho San Diego Retail Space

      Grocery anchored shopping center in active trade area.
      2654 Jamacha Rd, El Cajon, CA 92019
      View Details
    • Contact for pricing
      98,316 SF

      Rancho San Diego Retail Center

      Prime Retail Space Available in El Cajon
      Rancho Jamacha Rd. & Fury Ln, Rancho San Diego, CA 92019
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space Available

      In-line retail space for rent.
      2510-2512 Jamacha Rd, El Cajon, CA 92019
      View Details
    • Contact for pricing
      2,630 SF

      Retail Space Available for Lease

      Retail space available for lease in El Cajon, CA.
      2891 Jamacha Rd, El Cajon, CA 92019
      View Details
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    El Cajon, CA 92019
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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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