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Property profile & analytics
OFF-MARKET
Estimated value
$12,940,000
Super regional malls
565 Fletcher Pkwy El Cajon, CA 92020-2522
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US10-0019594
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1990
Total area
84,696 SF
Lot
0.93 ac (40,510 SF)
Zoning code
COMMERCIAL
APN
482-270-35-00
UPID
US10-0019594
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
-
HitTrax Batting Cage Arcade & Gaming Center Sports Field & Court
-
Dr. Jeremiah M. Stefan, DDS Physician
-
Comics-N-Stuff (Bike/Boat/Book/etc) Store Newspaper & Magazine
-
DICK'S Sporting Goods (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.85M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.94M
Owner & transaction history
Star-west Parkway Mall LP · 12 yrs held
Star-west Parkway Mall LP
since 2013
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%
$18,255,000
6.5%
$16,850,000
7%
$15,645,000
Blend value · Realmo final
$12.94M
Range $11.65M – $14.23M · ±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
$153 / 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
$84,216
Tax year 2024
Assessed value
$7,000,000
Assessed 2024
Previous assessed
$7,000,000
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,000,000
Assessed improvement
$5,000,000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1990
Heating
NONE
Units
1
Total area
84,696 SF
Lot
0.93 ac (40,510 SF)
Zoning code
COMMERCIAL
APN
482-270-35-00
UPID
US10-0019594
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.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Units
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Star-west Parkway Mall LP
Entity
Mailing address
PO BOX 130940, CARLSBAD, CA 92013-0940
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2018
—
Star-west Parkway Mall LP
—
Grant Deed
related
$549,000,000 · Goldman-sachs Mtg
Nov 19, 2013
$226,000,000
Star-west Parkway Mall LP
Parkway Plaza LP
Grant Deed
$760,000,000 · Barclays Bank Plc
Jul 9, 2010
—
Parkway Plaza Gp LLC
Owner Name Unavailable
Grant Deed
related
—
Oct 5, 2005
—
Ddr Mdt Mv Elcajon
Owner Name Unavailable
Grant Deed
related
$265,687,500 · German American Capital Corp
Sep 29, 1998
$155,104,201
Parkway Plaza
H & El Cajon
Grant Deed
—
Aug 9, 1991
—
H El Cajon
RT H Corp Cal
Grant Deed
$20,164,638 · Teachers Insurance & Annuity
—
—
Parkway Plaza LLC
—
Deed Of Trust
related
$850,000 · Capital Company Of Amwerica
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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