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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9535 Mission Gorge Rd Santee, CA 92071

    • Strip malls
    • 19,752 SF
    • 1.35 lot acres
    For Lease
    View listing
    Value Estimations
    $820,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9029416
    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

    • Brick Dental / Cosmetic Dentist
    • Boba / Restaurant
    • Good year / Tire Shop
    • Mathnasium / Tutoring Service
    • Kung Fu Tea / Bubble Tea Store / Beverage Distributor

    Property Details for 9535 Mission Gorge Rd

    Year built
    1981
    Lot size
    1.35 lot acres
    Property size
    19,752 SF
    Zone code
    COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    384-330-28-00
    APU
    3843302800

    Description

    Mission Plaza, located at 9535 Mission Gorge Road in Santee, California (zip code 92071), presents a compelling investment opportunity in a bustling San Diego County commercial center. This multi-tenant retail property encompasses a total of 19,898 square feet, offering a diverse range of spaces suitable for various retail and restaurant businesses. Currently, 2,100 square feet of prime retail space is available for lease, providing an excellent chance to establish or expand a business within a thriving community. The property's strategic location in Santee ensures high visibility and accessibility, attracting significant foot traffic and customer engagement. The building's overall size and layout offer flexibility for businesses of varying sizes and needs. The property is classified as both retail and restaurant space, making it suitable for a wide array of potential tenants. This presents a unique opportunity to secure a space in a well-established commercial center with strong potential for growth and profitability. The property is situated in San Diego County, California, offering access to a large and diverse consumer base. Interested parties are encouraged to explore this exceptional opportunity to secure a prominent retail presence in a vibrant and growing market. The available space is ideal for businesses seeking high visibility and convenient access to a substantial customer base. This is a rare chance to secure a foothold in a thriving commercial area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $951,000
      Market price range: $449k - $1.45M

    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
    32.8382
    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
    $45,480
    $1,448,734
    $2,293,833
    $3,742,567
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      14,400 SF

      9828 Magnolia Ave, Unit 50

      SHOPPING CENTER, STRIP CENTER • 14,400 SF
      9828 Magnolia Ave, Santee, CA 92071-1901
      View Details
    • Value Estimation
      $615,000
      18,135 SF

      8840 Magnolia Ave, Unit 70

      SHOPPING CENTER, STRIP CENTER • 18,135 SF
      8840 Magnolia Ave, Santee, CA 92071-4513
      View Details
    • Value Estimation
      $485,000
      5,722 SF

      9635 Msn Gorge Rd

      SHOPPING CENTER, STRIP CENTER • 5,722 SF
      9635 Msn Gorge Rd, Santee, CA 92071-3807
      View Details
    • Value Estimation
      $345,000
      2,500 SF

      8927 Carlton Hls Blvd

      SHOPPING CENTER, STRIP CENTER • 2,500 SF
      8927 Carlton Hls Blvd, Santee, CA 92071
      View Details
    • Value Estimation
      $410,000
      3,000 SF

      9824 Mast Blvd

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      9824 Mast Blvd, Santee, CA 92071
      View Details
    • Value Estimation
      $480,000
      10,350 SF

      9802 Magnolia Ave

      SHOPPING CENTER, STRIP CENTER • 10,350 SF
      9802 Magnolia Ave, Santee, CA 92071-1904
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,157 SF

      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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      Retail Space in Santee Center

      Retail space available in busy Santee location.
      9640-9760 Mission Gorge Rd, Santee, CA 92071
      View Details
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      Retail Space in Santee Center

      Retail space available in established Santee shopping center.
      9625-9665 Mission Gorge Rd, Santee, CA 92071
      View Details
    • Contact for pricing
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      Retail Space in Santee Center

      Retail spaces available in busy Santee shopping center.
      262-278 Town Center Pkwy, Santee, CA 92071
      View Details
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      Retail Space in Santee Center

      Retail spaces available in busy Santee shopping center.
      230-240 Town Center Pkwy, Santee, CA 92071
      View Details
    • Contact for pricing
      6,300 SF

      Retail Space in Santee, CA

      6,300 SF retail space available for rent.
      10757 Woodside Ave, Santee, CA 92071
      View Details
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    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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