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    7103 Broadway, Unit 51 Lemon Grove, CA 91945-1436
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    Property profile & analytics

    7103 Broadway, Unit 51, Lemon Grove, CA 91945-1436

    View on Map
    • Strip malls
    • 22,151 SF
    • 2.16 lot acres
    Off-Market
    Property ID
    US09-9510842
    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
    $7,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Andrew Tutino Chiropractic / Alternative Medicine Practice
    • Delta Chiropractic Clinic / Alternative Medicine Practice
    • Andrew Tutino, DC / Alternative Medicine Practice
    • Corinne Skutley / Alternative Medicine Practice

    Property Details for 7103 Broadway

    Year built
    1971
    Lot size
    2.16 lot acres
    Zone code
    COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    479-070-17-00
    APU
    4790701700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 5, 2005 — Lemon Grove Cif Cif Holdings Quit Claim Deed $5.1M · Pnc Bank
    Apr 1, 2005 $6,900,000 Cif Holdings LP Lemon Grove Square Associates Grant Deed $4.2M · Landamerica Exchange Services INC
    Jul 13, 1990 — Lemon Grove Squa — Grant Deed · related $900k · La Jolla Bank
    — — Cif Lemon Grove LP — Deed Of Trust · related $4.2M · Miscellaneous Ins Co

    Description

    Lemon Grove Square offers a prime retail space totaling 900 square feet, currently fully vacant and available for lease. This free-standing building is situated in a high-traffic area of Lemon Grove, at a busy intersection. The property's excellent location benefits from strong neighboring businesses, including established retailers such as Home Depot, Albertsons, and Food4Less, ensuring high visibility and foot traffic. This multiple-tenancy building provides an opportunity for a single tenant to occupy the entire 900 square feet, or it could be subdivided for multiple smaller tenants (subject to landlord approval). Current occupants of Lemon Grove Square include Dollar Tree, H&R Block, Postal Annex, and Eyeglass World, creating a diverse and established retail environment. The property is located in San Diego County and presents a unique chance for businesses seeking a prominent location within a thriving commercial area. The building's size and location make it ideal for a variety of retail uses. Interested parties are encouraged to inquire for lease terms and conditions. This is a rare opportunity to secure a highly visible retail space in a densely populated and commercially active area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,650,000
      6.5%
      $8,905,000
      7%
      $8,270,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemon Grove
    County
    San Diego
    State
    California
    Longitude
    -117.045
    Latitude
    32.742
    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
    $148,553
    $3,047,483
    $1,721,892
    $4,769,375
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,900,000
      11,040 SF

      Lemon Grove, CA 91945

      SHOPPING CENTER, STRIP CENTER
      Lemon Grove, CA 91945
      View Details
    • Value Estimation by Request
      2.29 Acres

      3205 Lemon Grv Ave

      SHOPPING CENTER, STRIP CENTER
      3205 Lemon Grv Ave, Lemon Grove, CA 91945-2537
      View Details
    • Value Estimation
      $3,885,000
      12,930 SF

      3099 Lemon Grv Ave, Unit 3195

      SHOPPING CENTER, STRIP CENTER
      3099 Lemon Grv Ave, Lemon Grove, CA 91945-2535
      View Details
    • Value Estimation
      $3,975,000
      18,036 SF

      3275 Lemon Grv Ave

      SHOPPING CENTER, STRIP CENTER
      3275 Lemon Grv Ave, Lemon Grove, CA 91945-2537
      View Details
    • Value Estimation
      $3,230,000
      8,956 SF

      6932 Federal Blvd, Unit 54

      SHOPPING CENTER, STRIP CENTER
      6932 Federal Blvd, Lemon Grove, CA 91945-1409
      View Details
    • Value Estimation
      $3,335,000
      11,968 SF

      6960 Federal Blvd, Unit 98

      SHOPPING CENTER, STRIP CENTER
      6960 Federal Blvd, Lemon Grove, CA 91945-1437
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Center Near Highway 94

      Retail center with highway proximity and strong demographics.
      7663-7695 Broadway, Lemon Grove, CA 91945
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      Pending

      Two-Story Office/Retail Building For Sale

      Two-story office/retail building with 10 tenants and 100% occupancy.
      3468 Citrus St, Lemon Grove, CA 91945
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    • $922,500

      Updated Homes on Expansive Parcel

      Two updated homes on one large parcel in Lemon Grove.
      14 Palm St, Lemon Grove, CA 91945
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      1,984 SF

      Lemon Grove Duplex with Income

      Two homes on a large lot with income potential.
      2315 Berry St, Lemon Grove, CA 91945
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    Similar Nearby for Lease

    • Contact for pricing
      11,637 SF

      Retail Space for Lease

      Retail space available for lease in Lemon Grove, CA.
      3205 Lemon Grove Ave, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      1,002 SF

      Retail Space in Lemon Grove

      Retail spaces available in a high-traffic, mixed-use property.
      8016-8028 Broadway Ln, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      18,036 SF

      Lemon Grove Retail Space Available

      Retail space available for rent in Lemon Grove, CA.
      3275 Lemon Grove Ave, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      2,400 SF

      Lemon Grove Retail Space Available

      Retail space for rent in Lemon Grove, California.
      8075 Broadway, Lemon Grove, CA 91945
      View Details
    • Contact for pricing

      Lemon Grove Industrial Space Available

      Industrial space available for lease in Lemon Grove, California.
      3475 Lemon Grove Ave, Lemon Grove, CA 91945
      View Details
    • Contact for pricing

      Lemon Grove Specialty Property

      Single tenant, special purpose property available for lease.
      2770 Glebe Rd, Lemon Grove, CA 91945
      View Details
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    Lemon Grove, CA 91945-1436
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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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