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    7227 Broadway Lemon Grove, CA 91945
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    Property profile & analytics

    7227 Broadway, Lemon Grove, CA 91945

    View on Map
    • Office buildings
    • 16,378 SF
    • 0.51 lot acres
    For Lease
    $3,110,000
    View Listing →
    Lemon Grove Office Space Available For Lease
    $3,110,000
    1,117 SF

    Lemon Grove Office Space Available

    Office space available for rent in Lemon Grove, California.

    7227 Broadway, Lemon Grove, CA
    View Listing
    Property ID
    US09-9510757
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 7227 Broadway

    Year built
    1975
    Lot size
    0.51 lot acres
    Property size
    16,378 SF
    Zone code
    COMMERCIAL
    Property type
    Office buildings
    APN
    479-081-02-00
    APU
    4790810200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,695,000
      Market price range: $3.70M - $9.35M
      AI Estimate
      $2,039,000
      Market price range: $2.04M - $5.88M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $5,155,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemon Grove
    County
    San Diego
    State
    California
    Longitude
    -117.042
    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
    $18,402
    $696,930
    $750,540
    $1,447,470
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,536 SF

      7980 Lemon Grv Way

      MEDICAL BUILDING • 1,536 SF
      7980 Lemon Grv Way, Lemon Grove, CA 91945-1820
      View Details
    • Value Estimation
      $740,000
      2,706 SF

      7572 Nn Ave

      MEDICAL BUILDING • 2,706 SF
      7572 Nn Ave, Lemon Grove, CA 91945-1624
      View Details
    • Value Estimation by Request
      2,010 SF

      8121 Broadway

      RADIO OR TV STATION • 2,010 SF
      8121 Broadway, Lemon Grove, CA 91945-2663
      View Details
    • Value Estimation
      $1,045,000
      6,071 SF

      8100 Broadway

      MEDICAL BUILDING • 6,071 SF
      8100 Broadway, Lemon Grove, CA 91945-2687
      View Details
    • Value Estimation
      $1,030,000
      5,630 SF

      7368 Broadway

      MEDICAL BUILDING • 5,630 SF
      7368 Broadway, Lemon Grove, CA 91945-1537
      View Details
    • Value Estimation by Request
      1,746 SF

      1411 Skyline Dr

      MEDICAL BUILDING • 1,746 SF
      1411 Skyline Dr, Lemon Grove, CA 91945-4449
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      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
      View Details
    • Contact for pricing

      Prime Commercial Land in Lemon

      High-visibility commercial development opportunity in Lemon Grove's primary corridor.
      7431-55 Broadway, Lemon Grove, CA 91945
      View Details
    • Contact for pricing

      Retail Center Near Highway 94

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

    Similar Nearby for Lease

    • Contact for pricing
      1,100 SF

      Lemon Grove Office/Retail Space

      Second floor office/retail space available for rent.
      7733 Palm St, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      1,117 SF

      Lemon Grove Office Space Available

      Office space available for rent in Lemon Grove, California.
      7227 Broadway, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      10,441 SF

      Warehouse/Office Space in Lemon Grove

      Warehouse/office space with corner location, walkable to MTS.
      3475 Lemon Grove Ave, 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 Specialty Property

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