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    Property profile & analytics

    8733 Magnolia Ave Santee, CA 92071-4560

    • Warehouses
    • 54,560 SF
    • 3.26 lot acres
    OFF-MARKET
    Last Sale
    Oct 13, 2021
    $12,750,000
    Value Estimations
    $12,315,000
    Show details
    Cap Rate Potential
    4.8%
    Warehouses
    Location Intelligence
    Property ID
    US09-9044721
    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

    • F X Electric / Electrical Service / General Contractor
    • All Temp Refrigeration Air Conditioning And Heating / HVAC Service / General Contractor
    • San Diego Performance Academy / Vocational School / Training Center
    • TRUE PRO INSURANCE SERVICES / Insurance Agency
    • Schu-Fu International / Training Center / Sports School

    Property Details for 8733 Magnolia Ave

    Year built
    1973
    Lot size
    3.26 lot acres
    Property size
    54,560 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Warehouses
    APN
    384-141-16-00
    APU
    3841411600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,640,000
      ML approach
      $10,000,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $12,635,000
      6.5%
      $11,660,000
      7%
      $10,830,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $11,074,000
      Market price range: $2.28M - $12.0M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $13,975,000
      Current use
      OFFICE BUILDING
      $19,650,000
      Change: +41% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Santee
    County
    San Diego
    State
    California
    Longitude
    -116.964
    Latitude
    32.8343
    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
    $157,442
    $6,762,600
    $6,502,500
    $13,265,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $1,060,000
      5.32 Acres

      8810 Cuyamaca St

      WAREHOUSE, STORAGE • 5.32 Acres
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    • Value Estimation by Request
      1.16 Acres

      10439 Prospect Ave

      WAREHOUSE, STORAGE • 1.16 Acres
      10439 Prospect Ave, Santee, CA 92071-4561
      View Details
    • Value Estimation
      $2,330,000
      18,045 SF

      11220 Woodside N Ave, Unit 22

      WAREHOUSE, STORAGE • 18,045 SF
      11220 Woodside N Ave, Santee, CA 92071-4716
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    • Value Estimation
      $3,800,000
      29,882 SF

      10728 Prospect Ave, Unit 44

      WAREHOUSE, STORAGE • 29,882 SF
      10728 Prospect Ave, Santee, CA 92071-4558
      View Details
    • Value Estimation
      $2,185,000
      11,520 SF

      9330 Stevens Rd

      WAREHOUSE, STORAGE • 11,520 SF
      9330 Stevens Rd, Santee, CA 92071-5639
      View Details
    • Value Estimation
      $4,115,000
      13,800 SF

      9315 Wheatlands Rd

      WAREHOUSE, STORAGE • 13,800 SF
      9315 Wheatlands Rd, Santee, CA 92071-2860
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Auto Repair Business Opportunity

      Turn-key auto repair business with warehouse and mezzanine.
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    • $899,900

      San Diego County Commercial Land

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      San Diego County Commercial Land

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      Commercial Land with Freeway Frontage

      1.38-acre commercial land with redevelopment potential and freeway frontage.
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      Santee Commercial Land - 1.34 Acres

      Prime Santee location, high cap rate potential.
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    • $17,414,000
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      Santee Retail Investment Opportunity

      Multi-tenant retail plaza with high occupancy and strong NOI growth.
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    Similar Nearby for Lease

    • $1.20 SF/Yr
      80,868 SF

      Industrial Space Available For Sublease

      Sublease opportunity with dock high positions and grade level doors.
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      View Details
    • Contact for pricing

      Renovated Office Warehouse with Storage

      558 SF office/warehouse with outside storage on 0.56 AC.
      10527 Prospect Ave, Santee, CA 92071
      View Details
    • Contact for pricing
      1,800 SF

      Santee Flex/Industrial Space Available

      Flex/Industrial space available for lease in Santee, California.
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    • Sponsored
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      CA, Santee - Cuyamaca St

      Workspaces, services and support to help you work better in CA, Santee - Cuyamaca St
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      View Details
    • Contact for pricing
      4,000 SF

      Santee Office with Yard Space

      Office space with yard available for rent in Santee.
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    • Contact for pricing
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      Santee Retail Space Available

      Open-air shopping center space for lease in Santee, CA.
      9850 Mission Gorge Rd, Santee, CA 92071
      View Details
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    8733 Magnolia Ave
    Santee, CA 92071-4560
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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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