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    Property profile & analytics

    8622 Argent St Santee, CA 92071

    • Warehouses
    • 10,309 SF
    • 0.63 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Last Sale
    Feb 07, 2022
    $6,500,000
    Value Estimations
    $6,640,000
    Cap Rate Potential
    2.2%
    Warehouses
    Location Intelligence
    Property ID
    US09-9079591
    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

    • Wellness Studio of Santee / Personal Trainer / Gym
    • Accurate Grading & Paving / Paving Contractor
    • Ridings Publications / Publisher
    • Cruzen Outdoors / Outdoor Sports Store / Bicycle Shop
    • Live Life Physiotherapy / Service Establishment / Physical Therapy Clinic

    Property Details for 8622 Argent St

    Year built
    1986
    Lot size
    0.63 lot acres
    Property size
    10,309 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Warehouses
    APN
    384-311-06-00
    APU
    3843110600

    Description

    This exceptional industrial property, Argent Business Park, located at 8622 Argent St, Santee, CA 92071, offers multiple warehouse/office suites for lease. The property is zoned for light industrial use (IL) and boasts a total building size of 10,309 square feet. Currently, there are 1,482 square feet of vacant space available, offering flexible options for businesses seeking warehouse or warehouse/distribution space. The available suites range in size from approximately 803 to 1,482 square feet, providing adaptable solutions for various operational needs. Situated in Santee, California, this property benefits from convenient access to major transportation routes, making logistics and distribution efficient. The building's modern design and functionality cater to a range of industrial businesses, offering a productive and well-maintained workspace. The property's multiple tenancy structure allows for a diverse range of businesses to coexist, fostering a collaborative and dynamic environment. Interested parties are encouraged to inquire about the available space and lease terms to determine the best fit for their specific business requirements. This prime Santee location offers a compelling opportunity for businesses seeking high-quality industrial space in a thriving community. The available space presents a chance to establish or expand operations within a well-maintained and strategically located facility.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,640,000
      ML approach
      $6,530,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Santee
    County
    San Diego
    State
    California
    Longitude
    -116.99
    Latitude
    32.8318
    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
    $25,207
    $801,108
    $1,284,894
    $2,086,002
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,035,000
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      10115 Msn Gorge Rd

      WAREHOUSE, STORAGE • 20,450 SF
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    • Value Estimation
      $925,000
      20,400 SF

      8665 Argent St Ste D

      WAREHOUSE, STORAGE • 20,400 SF
      8665 Argent St Ste D, Santee, CA 92071-4180
      View Details
    • Value Estimation
      $545,000
      7,128 SF

      8625 Argent St

      WAREHOUSE, STORAGE • 7,128 SF
      8625 Argent St, Santee, CA 92071-4173
      View Details
    • Value Estimation
      $590,000
      14,000 SF

      8645 Argent St

      WAREHOUSE, STORAGE • 14,000 SF
      8645 Argent St, Santee, CA 92071-4179
      View Details
    • Value Estimation
      $1,520,000
      60,800 SF

      10115 Msn Gorge Rd

      WAREHOUSE, STORAGE • 60,800 SF
      10115 Msn Gorge Rd, Santee, CA 92071-3813
      View Details
    • Value Estimation
      $1,315,000
      51,288 SF

      10027 Prospect Ave, Unit 39

      WAREHOUSE, STORAGE • 51,288 SF
      10027 Prospect Ave, Santee, CA 92071-4377
      View Details

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    Similar Nearby for Lease

    • $1.49 SF/Yr
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      Santee Industrial Flex Space Available

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    • $23 SF/Yr
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      Santee Warehouse Suites Available

      Modern Industrial Space, Flexible Sizes
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      View Details
    • $1.20 SF/Yr
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      Industrial Space Available For Sublease

      Sublease opportunity with dock high positions and grade level doors.
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      View Details
    • $17 SF/Yr
      1,800 SF

      Santee Flex/Industrial Space Available

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    • Contact for pricing
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      Retail space available in busy Santee location.
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    • Contact for pricing

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      Land for rent in Santee, ideal for retail.
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      View Details
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    8622 Argent St
    Santee, CA 92071
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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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