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    601 2nd St El Cajon, CA 92021-5849

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    601 2nd St El Cajon, CA 92021-5849

    View on Map
    • Gas stations
    • 2,510 SF
    • 0.65 lot acres
    Off-Market
    Last Sale May 6, 2022
    Property ID
    US09-8846760
    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
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • LibertyX Bitcoin ATM / Atm
    • Shell / Gas Station
    • Food Mart / Grocery & Convenience Store
    • ATM (Shell) / Atm / Cars

    Property Details for 601 2nd St

    Year built
    1997
    Lot size
    0.65 lot acres
    Property size
    2,510 SF
    Zone code
    COMMERCIAL
    Property type
    Gas stations
    APN
    489-122-35-00
    APU
    4891223500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $927,000
      Market price range: $516k - $928k

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.935
    Latitude
    32.8024
    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
    $41,194
    $2,424,860
    $854,272
    $3,279,132
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      898 Broadway

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    • Value Estimation by Request
      2,179 SF

      1110 Main St

      SERVICE STATION (FULL SERVICE) • 2,179 SF
      1110 Main St, El Cajon, CA 92021-7102
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    • Value Estimation
      $605,000
      2,100 SF

      1699 Main St

      SERVICE STATION (FULL SERVICE) • 2,100 SF
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    • Value Estimation by Request
      1,533 SF

      696 Mollison Ave

      SERVICE STATION (FULL SERVICE) • 1,533 SF
      696 Mollison Ave, El Cajon, CA 92021-5618
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    • Value Estimation
      $565,000
      1,716 SF

      725 2nd St

      SERVICE STATION (FULL SERVICE) • 1,716 SF
      725 2nd St, El Cajon, CA 92021-5802
      View Details
    • Value Estimation
      $2,085,000
      1,657 SF

      8445 Los Coches Rd

      SERVICE STATION (FULL SERVICE) • 1,657 SF
      8445 Los Coches Rd, El Cajon, CA 92021-2014
      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
    • $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
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      3,880 SF

      El Cajon Retail Building ForSale

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

      El Cajon Commercial Condo

      Commercial condo for sale, suitable for small business.
      1174 Broadway, El Cajon, CA 92021
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    • $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
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    Similar Nearby for Lease

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      1,040 SF

      El Cajon Commercial Lot

      Paved and fenced lot ideal for auto sales.
      1111 East Main St, El Cajon, CA 92021
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    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent at 1043 E Main St.
      1043 E Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      1,572 SF

      El Cajon Retail Space Available

      In-line retail space available for rent in El Cajon.
      328-330 N 2Nd St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      1,996 SF

      El Cajon Retail Space Available

      Retail space available for lease in El Cajon, CA.
      520-570 N 2Nd St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      1,700 SF

      El Cajon Freeway Stop Pads

      Pads available for lease in El Cajon freeway stop.
      8445 Los Coches Rd, El Cajon, CA 92021
      View Details
    • 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

    Property Visit Statistics

    • Visits by month
      4.3k
    • Visitors by month
      4.9k
    • Avg Time on site
      25 min
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    601 2nd St
    El Cajon, CA 92021-5849
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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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