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    Property profile & analytics

    311 Washington Ave Escondido, CA 92025-2816

    • Retail space
    • 3,840 SF
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    Dec 14, 2023
    Value Estimations
    $700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9450922
    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

    • Law Offices of Quincy B. Cornelius / Law Firm
    • Law Offices of Marino & Tye LLP / Law Firm
    • Technic Business Solutions / Tech Support Center / IT Consulting Firm
    • Network Resources Inc / Tech Support Center / IT Consulting Firm
    • William E Wolanin Law Offices / Law Firm

    Property Details for 311 Washington Ave

    Year built
    1986
    Lot size
    0.27 lot acres
    Property size
    3,840 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    229-310-83-00
    APU
    2293108300

    Description

    This exceptional 221-square-foot office suite, located at 311 E Washington Ave, Suite 105, Escondido, CA 92025, presents a fantastic opportunity for professionals seeking a convenient and well-equipped workspace. Situated in a single-story, 3,850-square-foot building constructed in 1986, this traditional/executive office space is part of an eight-suite multi-tenant building. The suite offers 24/7 access secured by upgraded PIN code locks. Shared amenities include a restroom, reception area, and kitchenette. On-site gated parking provides convenience and security. The building's location is ideal, adjacent to the Escondido Creek Bike Path and minutes from freeways 15 and 78. The monthly rent of $625 is a full-service gross lease, encompassing all utilities, janitorial services, and internet access. Flexible lease terms are available. The property sits on 0.27 acres and is zoned SPA. This Class C building offers an ideal blend of accessibility, security, and essential amenities, making it a perfect choice for individuals or small businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,030,000
      6.5%
      $955,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $502,000
      Market price range: $181k - $725k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $925,000
      Current use
      MEDICAL BUILDING
      $1,165,000
      Change: +25% Conversion: Difficult
      WAREHOUSE, STORAGE
      $1,055,000
      Change: +14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Escondido
    County
    San Diego
    State
    California
    Longitude
    -117.081
    Latitude
    33.1274
    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
    $9,518
    $468,180
    $364,140
    $832,320
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      121 Grand Ave, Unit 23

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
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      View Details
    • Value Estimation
      $600,000
      3,104 SF

      144 Woodward Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,104 SF
      144 Woodward Ave, Escondido, CA 92025-2637
      View Details
    • Value Estimation
      $2,505,000
      14,918 SF

      365 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,918 SF
      365 2nd Ave, Escondido, CA 92025-4135
      View Details
    • Value Estimation
      $605,000
      4,490 SF

      132 Kalmia St, Unit 46

      RETAIL STORES (PERSONAL SERVICES) • 4,490 SF
      132 Kalmia St, Escondido, CA 92025-2727
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    • Value Estimation
      $2,395,000
      16,300 SF

      1109 Vly Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 16,300 SF
      1109 Vly Pkwy, Escondido, CA 92025-2555
      View Details
    • Value Estimation
      $2,065,000
      15,271 SF

      945 Vly Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 15,271 SF
      945 Vly Pkwy, Escondido, CA 92025-2539
      View Details

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    • Contact for pricing
      6,500 SF

      Retail Space Available For Sale

      Retail property with 6,500 SF available in Escondido, CA.
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    Similar Nearby for Lease

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      1,100 SF

      Retail Space Near Major Market

      Retail space available next to Major Market in Escondido, CA.
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      4,000 SF

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      4,000 SF retail end cap available for lease.
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      Escondido Office or Retail Space

      Office or retail space available for lease in Escondido.
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      Retail space with high visibility and convenient highway access.
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    • Contact for pricing
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      Highly visible retail space in a regional hub location.
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      View Details
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    311 Washington Ave
    Escondido, CA 92025-2816
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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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