Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7309 Broadway Lemon Grove, CA 91945-1510

    • Medical offices
    • 1,614 SF
    • 0.13 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2024
    $675,000
    Value Estimations
    $675,000
    Show details
    Cap Rate Potential
    4.5%
    Medical offices
    Location Intelligence
    Property ID
    US09-9510775
    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.

    Current Use by Public Records

    • Ultimate Garage Doors Reapir / Garage Door Supplier

    Property Details for 7309 Broadway

    Lot size
    0.13 lot acres
    Property size
    1,614 SF
    Zone code
    COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    479-092-02-00
    APU
    4790920200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $675,000
      ML approach
      $675,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $510,000
      6.5%
      $470,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $576,000
      Market price range: $402k - $1.19M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $765,000
      Current use
      AUTO REPAIR, GARAGE
      $615,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemon Grove
    County
    San Diego
    State
    California
    Longitude
    -117.04
    Latitude
    32.7423
    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
    $5,203
    $188,521
    $159,061
    $347,582
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $715,000
      0.16 Acres

      Nn Ave

      MEDICAL BUILDING • 0.16 Acres
      Nn Ave, Lemon Grove, CA 91945
      View Details
    • Value Estimation
      $605,000
      3,292 SF

      7944 Golden Ave

      MEDICAL BUILDING • 3,292 SF
      7944 Golden Ave, Lemon Grove, CA 91945-1810
      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
      $1,425,000
      8,510 SF

      3048 Main St, Unit 50

      MEDICAL BUILDING • 8,510 SF
      3048 Main St, Lemon Grove, CA 91945-2426
      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

    Similar Nearby for Sale

    • $1,750,000
      3,684 SF

      Lemon Grove Industrial Flex Space

      Owner-user opportunity: 3 buildings, flexible zoning.
      3559 Vista Ave, Lemon Grove, CA 91945
      View Details
    • $1,200,000

      Lemon Grove Commercial Property

      Commercial property for sale in Lemon Grove, California.
      2673 Massachusetts Ave, Lemon Grove, CA 91945
      View Details
    • $1,199,000

      Land For Sale

      Land available for sale.
      Dartmoor Dr, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      9,010 SF

      Lemon Grove Industrial Buildings For Sale

      Three industrial buildings totaling 9,010 SF on 0.8 acres.
      7622-7636 North Ave, Lemon Grove, CA 91945
      View Details
    • $1,295,000

      Versatile Commercial/Industrial Opportunity

      Mixed-use property with flexible zoning and recent renovations.
      3495 Vista Ave, Lemon Grove, CA 91945
      View Details
    • $1,295,000

      Cash Flowing Triplex with Upgrades

      Well-maintained triplex with upgrades, cash flow, and expansion potential.
      6816 Central Ave, Lemon Grove, CA 91945
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      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
      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
    • $33 SF/Yr
      1,156 SF

      Retail Space in Mixed-Use Development

      Retail space available for lease in Lemon Grove, California.
      7950 Broadway, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      821 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
    • $3,200 /Mo
      1,110 SF

      Lemon Grove Duplex with Yard

      Two-bedroom duplex with office, yard, and parking in Lemon Grove.
      7610 Lansing Dr, Lemon Grove, CA 91945
      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.
    7309 Broadway
    Lemon Grove, CA 91945-1510
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.