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    Property profile & analytics

    997 Broadway El Cajon, CA 92021

    • Retail space
    • 3,880 SF
    • 0.34 lot acres
    For Sale
    View listing
    $1,350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8843227
    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

    • U-Haul Neighborhood Dealer / Van Rental Agency / Trailer Rental Service
    • Audio Shack / Window Tinting Service / Car Stereo Store
    • Montana Capital Bad Credit Loans / Loan Agency
    • Pooch Bar / Pet Groomer

    Property Details for 997 Broadway

    Year built
    1979
    Lot size
    0.34 lot acres
    Property size
    3,880 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    484-294-26-00
    APU
    4842942600

    Description

    This exceptional value-add retail investment property, located at 997 Broadway in El Cajon, California (92021), offers a compelling opportunity. The 3,880 square foot building sits on a sizable 0.34-acre lot (100' frontage x 150' deep), providing ample front and rear parking. Currently boasting 100% occupancy with three tenants, the property generates a strong net operating income (NOI) of $54,440, resulting in a 4.00% cap rate. The asking price is $1,350,000, translating to $347.94 per square foot. Built in 1979, this single-story building features three units: Unit A (1,000 sq ft with bathroom), Unit B (1,000 sq ft with bathroom), and Unit C (1,880 sq ft with bathroom). Convenient grade-level access is provided by two single and one double grade-level doors. The property's prominent Broadway location offers excellent signage opportunities. This is a rare chance to acquire a well-located, multi-tenant retail building with significant upside potential in a thriving San Diego County market. The property's features include great signage, ample parking, and convenient access. The APN is 484-294-26. The lease type is gross.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $550,000
      Market price range: $230k - $986k

    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
    32.8074
    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
    $10,524
    $348,173
    $475,837
    $824,010
    -
    $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
      $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
    • Value Estimation
      $510,000
      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
      $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

    Similar Nearby for Sale

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      El Cajon Commercial Condo

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      El Cajon Retail Investment Opportunity

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      El Cajon Shopping Center Investment

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      Prime El Cajon Retail Center

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    Similar Nearby for Lease

    • Contact for pricing
      1,996 SF

      El Cajon Retail Space Available

      Retail space available for lease in El Cajon, CA.
      520-570 N 2Nd 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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      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
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    997 Broadway
    El Cajon, CA 92021
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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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