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Property profile & analytics
FOR SALE
Medical Office Space

303 Santa Fe Dr Encinitas, CA 92024

2,680 SF 0.18 ac lot Built 2010
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-9198467
303 Santa Fe Dr, Encinitas, CA 92024 For Sale
$645,000 2,680 SF
303 Santa Fe Dr, Encinitas, CA 92024
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Property summary
AI-generated overview

This exceptional 2,680 square foot medical office building, located at 303 Santa Fe Drive in Encinitas, California, presents a unique owner-user opportunity. Situated in a premium, high-traffic location adjacent to Scripps Encinitas Hospital and Medical Campus (currently undergoing a $263,000,000 expansion), this property offers unparalleled visibility and accessibility. The building boasts a Feng-Shui inspired design and high-quality, tech-rich construction. The efficient floor plan features a well-organized layout with main reception areas strategically positioned. Ample parking is provided with 14+ spaces. The building is equipped with a commercial-grade backup generator ensuring uninterrupted operations. Furthermore, a seller-owned rooftop solar system contributes to energy efficiency and cost savings. This turnkey operation is available for full owner-user occupancy on June 1st, 2025, offering a golden long-term investment opportunity in a location that is virtually impossible to replicate. The scarcity of comparable medical office space in this area underscores the exceptional value of this property. Multiple use possibilities exist, making this a versatile and highly desirable asset. The building's dynamic exposure and prime location make it an ideal investment for discerning buyers seeking a high-return, long-term opportunity in the thriving Encinitas medical market. The asking price is $4,200,000.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2010
Total area 2,680 SF
Lot 0.18 ac (7,941 SF)
Zoning code COMMERCIAL
APN 260-072-35-00
UPID US09-9198467
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
  • Gillian Galloway, MD Physician
  • Gil Q. Galloway, MD, INC. Physician
  • Dr. Thomas Purgett Physician
  • Dr. Gil Q. Galloway, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$645k
CAP Approach CAP
$780k
Comparable Approach Comparable
$514k
Blend (final) Blend
$645k
Owner & transaction history
Gil Q Galloway Properties LLC · 12 yrs held
Gil Q Galloway Properties LLC
since 2013
7 recorded transactions
2018
Price N/A
2013
$2.4M
2012
Price N/A
2012
Price N/A
2009
Price N/A
2004
Price N/A
2004
Price N/A
Zoning & alternative use
COMMERCIAL · Encinitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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