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    7946 Broadway, Unit 52 Lemon Grove, CA 91945-1831
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    Property profile & analytics

    7946 Broadway, Unit 52 Lemon Grove, CA 91945-1831

    View on Map
    • Apartment buildings
    • 68,538 SF
    • 0.92 lot acres
    Off-Market
    Last Sale Oct 14, 2021
    Property ID
    US09-9984038
    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
    $8,840,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • health building 7930 broadway in lemon grove california / Community Health Centre

    Property Details for 7946 Broadway

    Year built
    2023
    Lot size
    0.92 lot acres
    Property size
    68,538 SF
    Zone code
    COMMERCIAL
    Property type
    Apartment buildings
    APN
    480-111-34-00
    APU
    4801113400

    Description

    This exceptional retail opportunity presents three available spaces within a newly constructed mixed-use development located at 7946 Broadway in Lemon Grove, California, zip code 91945. The property boasts a total of 4,043 square feet of retail space, currently entirely vacant and ready for immediate occupancy. Each available space offers flexibility, with a minimum divisible size of 1,156 square feet and a maximum contiguous space of 1,566 square feet. This allows for businesses of various sizes to find a suitable fit within this vibrant development. The property is situated in San Diego County, offering excellent access to a diverse customer base and strong local demographics. The address is conveniently located at 7946 Broadway, Lemon Grove, CA 91945, providing easy visibility and accessibility for customers. This is a prime opportunity for businesses seeking a modern, well-located retail space in a thriving community. The building's new construction ensures modern amenities and efficient layouts, creating an ideal environment for a variety of retail ventures. With its strategic location and flexible space options, this property presents a compelling investment opportunity for discerning businesses seeking to establish or expand their presence in the San Diego County market. Contact us today to learn more about this exciting opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lemon Grove
    County
    San Diego
    State
    California
    Longitude
    -117.028
    Latitude
    32.7432
    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
    $104,670
    $1,591,812
    $7,020,000
    $8,611,812
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $2,260,000
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      7542 Church St

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    • Value Estimation
      $12,700,000
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      3281 College Pl

      APARTMENT HOUSE (5+ UNITS) • 78,870 SF
      3281 College Pl, Lemon Grove, CA 91945-1476
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    • Value Estimation
      $1,410,000
      8,002 SF

      7535 Pacific Ave

      APARTMENT HOUSE (5+ UNITS) • 8,002 SF
      7535 Pacific Ave, Lemon Grove, CA 91945-2322
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    • Value Estimation by Request
      19,726 SF

      3485 Olive St, Unit 201

      APARTMENT HOUSE (5+ UNITS) • 19,726 SF
      3485 Olive St, Lemon Grove, CA 91945-2263
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    • Value Estimation
      $705,000
      3,504 SF

      7448 Daytona St

      APARTMENT HOUSE (5+ UNITS) • 3,504 SF
      7448 Daytona St, Lemon Grove, CA 91945-2350
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    • Value Estimation
      $550,000
      4,286 SF

      3242 Kempf St, Unit 52

      APARTMENT HOUSE (5+ UNITS) • 4,286 SF
      3242 Kempf St, Lemon Grove, CA 91945-2512
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      1,117 SF

      Lemon Grove Office Space Available

      Office space available for rent in Lemon Grove, California.
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      Lemon Grove Specialty Property

      Single tenant, special purpose property available for lease.
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      Lemon Grove Retail Space Available

      Retail space available for rent in Lemon Grove, CA.
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      2,400 SF

      Lemon Grove Retail Space Available

      Retail space for rent in Lemon Grove, California.
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      1,100 SF

      Lemon Grove Office/Retail Space

      Second floor office/retail space available for rent.
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      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
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    Lemon Grove, CA 91945-1831
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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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