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944 Broadway 3,021 SF Retail Building El Cajon, CA 92021 $1,200,000 ($397.22/SF) 5.16% Cap Rate
Investment Highlights
- Heavy Traffic on Broadway Ave,
- Plenty of off street parking
- Good eye appeal of remodeled site
Executive Summary
Building is leased to A-1 Auto Glass and window tinting service. Leased Site for sale to settle estate, NOT a probate sale. Leased for 5 years by tenant of the last 5 years. Current tenant remodeled the site, a few years ago, with: new roof, new asphalt parking pavement, new fencing, building image refreshed and painted. Site has 2 truck doors for servicing plus 2 garages and plenty of parking.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$70,452
|
$23.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$70,452
|
$23.32
|
| Taxes |
$2,427
|
$0.80
|
| Operating Expenses |
$6,100
|
$2.02
|
| Total Expenses |
$8,527
|
$2.82
|
| Net Operating Income |
$61,925
|
$20.50
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $70,452 |
| Annual Per SF | $23.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $70,452 |
| Annual Per SF | $23.32 |
| Taxes | |
|---|---|
| Annual | $2,427 |
| Annual Per SF | $0.80 |
| Operating Expenses | |
|---|---|
| Annual | $6,100 |
| Annual Per SF | $2.02 |
| Total Expenses | |
|---|---|
| Annual | $8,527 |
| Annual Per SF | $2.82 |
| Net Operating Income | |
|---|---|
| Annual | $61,925 |
| Annual Per SF | $20.50 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,021 SF
Building Class
C
Year Built/Renovated
1960/2020
Price
$1,200,000
Price Per SF
$397.22
Cap Rate
5.16%
NOI
$61,925
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.25 AC
Zoning
C-G - Commercial, retail and apts.
Parking
15 Spaces (4.97 Spaces per 1,000 SF Leased)
Frontage
106’ on Broadway Ave
Amenities
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- A1 Glass Co
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| A1 Glass Co | Retailer | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 484-291-07 | Total Assessment | $204,192 |
| Land Assessment | $67,906 | Annual Taxes | $2,427 ($0.80/SF) |
| Improvements Assessment | $136,286 | Tax Year | 2025 |
Property Taxes
Parcel Number
484-291-07
Land Assessment
$67,906
Improvements Assessment
$136,286
Total Assessment
$204,192
Annual Taxes
$2,427 ($0.80/SF)
Tax Year
2025
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944 Broadway