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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Retail space
338 Lexington Ave El Cajon, CA 92020-4465
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7041003
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1975
Total area
13,427 SF
Lot
0.55 ac (24,012 SF)
Zoning code
COMMERCIAL
APN
487-351-18-00
UPID
US09-7041003
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
-
Beatshop Productions Recording Studio
-
TradeGroup Management Corporate Office
-
W.S. International, Inc Oil & Natural Gas Company
-
Blue Star Taxi Courier Service
-
MassV Music Venue Theater & Performing Art Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$2.31M
Owner & transaction history
Fhcsd Sanitas 3 LLC · 1 yrs held
Fhcsd Sanitas 3 LLC
since 2025
7 recorded transactions
Zoning & alternative use
COMMERCIAL · 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%
$2,700,000
6.5%
$2,495,000
7%
$2,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,845,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,790,000
Change: -1% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,710,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±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
$172 / 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
$39,705
Tax year 2024
Assessed value
$3,060,000
Assessed 2024
Previous assessed
$3,060,000
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,224,000
Assessed improvement
$1,836,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1975
Heating
NONE
Units
1
Total area
13,427 SF
Lot
0.55 ac (24,012 SF)
Zoning code
COMMERCIAL
APN
487-351-18-00
UPID
US09-7041003
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · El Cajon, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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
RETAIL STORES Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
WAREHOUSE, STORAGE
Est. value
$3.7M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1975
Heating
NONE
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Fhcsd Sanitas 3 LLC
Entity
Mailing address
823 GTWY CTR WAY, SAN DIEGO, CA 92102-4541
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2025
—
Fhcsd Sanitas 3 LLC
Family Health Centers Of San Diego
Grant Deed
—
Aug 22, 2022
$3,000,000
Family Health Centers Of San Diego
The Merk LLC
Grant Deed
—
Dec 17, 2018
—
Merk LLC
—
Deed
related
$525,000 · Silvergate Bk
Oct 16, 2017
$1,250,000
The Merk LLC
Judith P Tilaro
Grant Deed
$525,000 · Silvergate Bank
May 25, 2017
$111,000
Judith P Tilaro
Lexington 338
Quit Claim Deed
related
—
Jul 27, 2016
—
Lexington 338
—
Deed
related
$580,000 · Jpmorgan Chase Bank NA
Feb 23, 2016
—
Lexington 338
Lexington 338 Associates Ltd
Quit Claim Deed
—
—
—
Merk LLC
—
Loan Modification
related
$525,000 · Silvergate Bk
—
—
Lexington 338 Associates Ltd
—
Deed Of Trust
related
$620,000 · Regents Bank NA
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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