Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    520 2nd St, Unit 60 El Cajon, CA 92021-6448

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    520 2nd St, Unit 60 El Cajon, CA 92021-6448

    View on Map
    • Community centers
    • 19,136 SF
    • 2.70 lot acres
    Off-Market
    Property ID
    US09-1587058
    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
    $1,780,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Carl's Jr. / Restaurant / Take-out & Catering

    Property Details for 520 2nd St

    Year built
    1965
    Lot size
    2.70 lot acres
    Property size
    19,136 SF
    Zone code
    COMMERCIAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    489-310-15-00
    APU
    4893101500

    Description

    Madison Plaza, a prime retail shopping center located at 520-580 2nd Street in El Cajon, California (zip code 92021), presents a unique opportunity for businesses seeking high-visibility space in San Diego County. This exceptional property boasts a total building area of 6,510 square feet, currently entirely vacant and ready for immediate occupancy. The flexible layout allows for multiple tenancy options, with spaces ranging from a minimum of 2,898 square feet to a maximum contiguous space of 3,612 square feet. This makes it ideal for a variety of retail concepts, from single large tenants to multiple smaller businesses. The property's strategic location in El Cajon offers excellent access to a thriving local community and significant foot traffic. The address is easily accessible from major roadways, ensuring high visibility and convenient access for customers. This is a rare chance to secure a substantial retail space in a desirable location within a well-established shopping center. The entire 6,510 square feet is available, providing an exceptional opportunity for a business seeking significant space in a high-traffic area. Contact us today to learn more about this exciting opportunity.

    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
    -116.937
    Latitude
    32.8008
    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
    2016
    $57,019
    $2,800,000
    $1,934,800
    $4,734,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.82 Acres

      El Cajon, CA 92021

      MINI-MALL • 0.82 Acres
      El Cajon, CA 92021
      View Details
    • Value Estimation
      $1,880,000
      21,375 SF

      564 2nd St, Unit 76

      MINI-MALL • 21,375 SF
      564 2nd St, El Cajon, CA 92021-6448
      View Details
    • Value Estimation
      $1,100,000
      9,999 SF

      250 Broadway

      MINI-MALL • 9,999 SF
      250 Broadway, El Cajon, CA 92021-4539
      View Details
    • Value Estimation by Request
      1.36 Acres

      2nd St

      MINI-MALL • 1.36 Acres
      2nd St, El Cajon, CA 92021
      View Details
    • Value Estimation
      $1,130,000
      12,000 SF

      306 Broadway, Unit 54

      MINI-MALL • 12,000 SF
      306 Broadway, El Cajon, CA 92021-5419
      View Details
    • Value Estimation by Request
      1.49 Acres

      210 Broadway

      MINI-MALL • 1.49 Acres
      210 Broadway, El Cajon, CA 92021
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      53,233 SF

      Grocery Anchored Shopping Center

      Well-maintained shopping center anchored by a grocery store.
      328-420 N 2Nd St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      3,880 SF

      El Cajon Retail Building ForSale

      3,880 SF retail building with ample parking for sale.
      997 Broadway, El Cajon, CA 92021
      View Details
    • $400,000
      1,060 SF

      El Cajon Commercial Condo

      Commercial condo for sale, suitable for small business.
      1174 Broadway, El Cajon, CA 92021
      View Details
    • $1,390,000

      El Cajon Office/Retail Buildings

      Two-story office buildings totaling 4,041 SF on 17,336 SF lot.
      1014-16 Broadway, El Cajon, CA 92021
      View Details
    • $1,640,000
      6,300 SF

      Multi-Use Property on Greenfield Drive

      Multi-use property with office, retail, and warehouse space.
      1250 Greenfield Dr, El Cajon, CA 92021
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Los Coches Village Retail Space

      Retail, office, and restaurant spaces for lease in El Cajon.
      8575 Los Coches Rd, El Cajon, CA 92021
      View Details
    • Contact for pricing
      867 SF

      Retail Space with Restaurant Features

      End-cap retail space with partial restaurant infrastructure for rent.
      1291-1297 E Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      867 SF

      Retail Space on Main Street

      In-line retail space with an open floor plan.
      1299 E Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, offering 2,027 square feet.
      250 N 2Nd St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      4,560 SF

      Retail Space in El Cajon

      Retail space available for lease in El Cajon, CA.
      1437 E Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      750 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      350-420 N 2Nd St, El Cajon, CA 92021
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    520 2nd St, Unit 60
    El Cajon, CA 92021-6448
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!