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

    981 Greenfield Dr El Cajon, CA 92021-3224

    • Retail space
    • 2,400 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Oct 25, 2022
    $800,000
    Value Estimations
    $870,000
    Show details
    Cap Rate Potential
    3.6%
    Retail space
    Location Intelligence
    Property ID
    US09-9478826
    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

    • Quick Korner Market / Convenience Store
    • GetCoins Bitcoin ATM / Atm

    Property Details for 981 Greenfield Dr

    Year built
    1974
    Lot size
    0.37 lot acres
    Property size
    2,400 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    484-091-83-00
    APU
    4840918300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $795,000
      ML approach
      $795,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,098,000
      Market price range: $406k - $1.10M
      AI Estimate
      $547,000
      Market price range: $142k - $610k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $805,000
      Current use
      MEDICAL BUILDING
      $1,140,000
      Change: +42% Conversion: Difficult
      OFFICE BUILDING
      $865,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.948
    Latitude
    32.813
    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
    $13,350
    $503,000
    $317,000
    $820,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $320,000
      0.17 Acres

      2nd St

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      2nd St, El Cajon, CA 92021
      View Details
    • Value Estimation
      $305,000
      0.14 Acres

      1258 Broadway

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      1258 Broadway, El Cajon, CA 92021-4905
      View Details
    • Value Estimation
      $620,000
      24,432 SF

      1755 Main St, Unit 97

      RETAIL STORES (PERSONAL SERVICES) • 24,432 SF
      1755 Main St, El Cajon, CA 92021-5219
      View Details
    • Value Estimation
      $645,000
      4,324 SF

      1062 2nd St

      RETAIL STORES (PERSONAL SERVICES) • 4,324 SF
      1062 2nd St, El Cajon, CA 92021-5843
      View Details
    • Value Estimation
      $490,000
      6,680 SF

      1303 Broadway, Unit 11

      RETAIL STORES (PERSONAL SERVICES) • 6,680 SF
      1303 Broadway, El Cajon, CA 92021-5811
      View Details
    • Value Estimation
      $380,000
      4,182 SF

      1280 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,182 SF
      1280 Main St, El Cajon, CA 92021-7250
      View Details

    Similar Nearby for Sale

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      3,880 SF

      El Cajon Retail Investment Opportunity

      Three-Tenant Retail Building, High NOI
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      El Cajon Commercial Condo

      Commercial condo for sale, suitable for small business.
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      El Cajon Commercial Condo

      Commercial condo for sale, suitable for small business.
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    • $20,557,000
      53,233 SF

      El Cajon Shopping Center Investment

      Grocery-anchored retail center, high occupancy.
      328-420 2Nd St, El Cajon, CA 92021
      View Details
    • $10,000,000
      2.54 Acres

      Prime El Cajon Retail Center

      High-yield retail property, excellent location.
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    • $3,800,000
      13,000 SF

      El Cajon Office Building Investment

      14-Unit Office Building, 100% Occupancy
      1100 2Nd St, El Cajon, CA 92021
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,572 SF

      El Cajon Retail Space Available

      In-line retail space available for rent in El Cajon.
      328-330 N 2Nd St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      750 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      350-420 N 2Nd St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      4,560 SF

      Retail Space in El Cajon

      Retail space available for lease in El Cajon, CA.
      1437 E Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      1,326 SF

      Retail Space with Restaurant Features

      End-cap retail space with partial restaurant infrastructure for rent.
      1291-1297 E Main St, El Cajon, CA 92021
      View Details
    • $1.75 SF/Yr
      1,000 SF

      Retail Space For Lease

      Retail space available for lease in El Cajon, CA.
      1231-1249 Main St, El Cajon, CA 92021
      View Details
    • Contact for pricing
      1,700 SF

      El Cajon Freeway Stop Pads

      Pads available for lease in El Cajon freeway stop.
      8445 Los Coches Rd, El Cajon, CA 92021
      View Details
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    981 Greenfield Dr
    El Cajon, CA 92021-3224
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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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