Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2545 Deerpark unit /227 San Diego, CA 92110

    View on Map
    Claim this Listing
    New
    For Sale
    $899,800

    LAND - San Diego, CA

    Lot size:
    0.12 Acres
    Added:
    Apr 9, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 10 at 12:06 pm

    Property Features for 2545 Deerpark unit /227

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1:SINGLE
    Exterior features
    Curbs, Public Street, Sidewalks
    Standard status
    Active
    APN
    430-944-03-00
    Lot size
    0.12 Acres

    We can help!

    Listing Contact
    Nick J Emerson

    Listing agent Nick J Emerson License #01897169

    Listing office Keller Williams La Jolla 7979 Ivanhoe Ave. #350, La Jolla, CA

    Listing date Apr 9, 2026

    MLS# 260008424

    Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot with Bay Views

    This residential lot is located in Bay Park and offers potential bay and ocean views. The lot previously housed a detached home that has been cleared. Current residential zoning supports construction of up to 2,978 square feet. Prior design concepts featured a rooftop deck crowning the second story. An option to build a detached home alongside an Accessory Dwelling Unit is possible, maximizing both lifestyle and investment value within the allowable square footage. The property is located in San Diego, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.190332
    Latitude
    32.788123

    Nearby Similar for Sale

    • $815,000
      1,524 SF

      Industrial Condo Near Otay Border

      Industrial condominium near Otay Border truck crossing with warehouse space.
      10050 Via De La Amistad, San Diego, CA 92154
      View Details
    • $8,995,000
      9,112 SF

      San Diego Multifamily Investment Opportunity

      NNN leased 26-unit property with repositioning potential.
      4017 42nd St, San Diego, CA 92105
      View Details
    • $2,356,000
      7,192 SF

      San Diego Commercial/Industrial Flex Space

      Multi-use commercial/industrial flex space in a sought-after San Diego location.
      3065 Beyer Boulevard, San Diego, CA 92154
      View Details
    • $850

      Furnished Offices Near Pacific Beach

      Furnished offices with amenities, near the ocean in Pacific Beach.
      4526-38 CASS STREET, San Diego, CA 92109
      View Details
    • $799,000
      2,700 SF

      San Diego Commercial Auto Shop

      Commercial auto body shop with a separate 2-bedroom home.
      3814 Acacia Street, San Diego, CA 92113
      View Details
    • $8,200,000
      10,162 SF

      Point Loma Multifamily Investment Opportunity

      Rare 7-unit property with condo conversion potential near Ocean Beach.
      4930 W Point Loma Blvd, San Diego, CA 92107
      View Details
    • $2,500,000
      3,396 SF

      San Diego Retail Auto Facility

      Retail auto repair facility with long-term tenant in San Diego.
      4491 Park Boulevard, San Diego, CA 92116
      View Details
    • $2,250,000

      Retail Opportunity Near Ocean Beach

      Retail building with bonus studio, steps from Ocean Beach.
      4975 Newport Ave., San Diego, CA 92107
      View Details
    • $2,950,000

      Commercial Property Near Downtown San Diego

      Income-generating commercial asset with long-term tenants and growth potential.
      2751-2771 Imperial Avenue, San Deigo, CA 92101
      View Details
    • $1,600,000
      68 SF

      San Diego Multifamily Investment Opportunity

      Income property with potential to add six units.
      2499 Tuberose St, San Diego, CA 92105
      View Details
    • $1,548,000
      2,989 SF

      Turnkey San Diego Multifamily Investment

      Fully remodeled 4-unit property in high-demand rental corridor.
      2985-87 54Th St, San Diego, CA 92105
      View Details
    • $750,000
      1,277 SF

      San Diego Warehouse/Office Condo

      1277 SF warehouse/office condo near Mexico border, easy freeway access.
      10005 Marconi Drive, San Diego, CA 92154
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in Bay Park with bay and ocean view potential.
    Where is this residential land & home lot located?
    The property is located at 2545 Deerpark unit /227 San Diego, CA.
    What is the asking price?
    The asking price for this property is $899,800.
    What are key features of this property?
    This property features: Rare opportunity to build a custom home on a residential lot in Bay Park.; Incredible Bay and Ocean VIEW potential.; Lot is already cleared, saving time and money on demolition.
    (858) 275-9443
    We can help!
    Listing Contact
    Nick J Emerson
    Real Estate License ID: 01897169
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!