Two-Story Retail Storefront
For Sale
Contact for pricing
1041-1047 University Ave, San Diego, CA 92103
Two-story storefront building with prominent street frontage and rear off-street parking for eight vehicles.
Property Size8,100 SF
Price / SF$506.17
Days on Market156
Property Features for 1041-1047 University Ave
General Information
Standard status
Active
Size
8,100 SF
Total Parking Spaces
8
Property subtype
RETAIL
Building Details
Stories
2
Listing Agency:
CBRE | San Diego
(858) 646-4749
Listed By:
Michael Peterson · License #01969314
Source:
Moodyscre
Added: Feb 25
Changed: Jul 28
Last Checked: Jul 28 at 6:02AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE | San Diego
Investment Insights
Based on property information with market context.
Two-story storefront commercial building with prominent street frontage and strong street-level exposure. The property includes rear off-street parking with eight spaces, providing convenient access uncommon for the area. The building is listed as a historic designation property, adding character and supporting long-term interest.
The site is positioned in Hillcrest, described as a high-traffic, visibility-focused corridor with strong foot traffic for tenants seeking storefront presence. Public visibility is a key attribute, supported by the building’s frontage and street-facing design.
This offering is structured as a retail storefront property for sale, with the combination of two-story frontage and dedicated rear parking supporting a practical tenant experience for customer-facing operations.
The site is positioned in Hillcrest, described as a high-traffic, visibility-focused corridor with strong foot traffic for tenants seeking storefront presence. Public visibility is a key attribute, supported by the building’s frontage and street-facing design.
This offering is structured as a retail storefront property for sale, with the combination of two-story frontage and dedicated rear parking supporting a practical tenant experience for customer-facing operations.
Key Highlights
- Two‑story storefront commercial building with prominent street frontage and visibility
- Rear off‑street parking for 8 vehicles
- Located in the heart of Hillcrest, a high‑traffic area
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $291.6k | $36.00 |
| − Vacancy | −$12.3k | −$1.52 |
| EGI | $279.3k | $34.48 |
| − OpEx | −$83.8k | −$10.35 |
| NOI | $195.5k | $24.14 |
8,100 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.79M
$2.44M – $3.26M
NOI $195,527 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.20M
$2.80M – $3.73M
NOI $223,949 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7,068
Businesses Nearby
372k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 29%
Shops & Services 22%
Home Improvements & Furnishings 3%
Whole Foods Market
Groceries
64,059 visits/mo
0.3 miles
Ralphs
Groceries
46,221 visits/mo
0.5 miles
VONS
Groceries
44,279 visits/mo
0.4 miles
Shell
Shops & Services
13,326 visits/mo
0.2 miles
Better Buzz Coffee Roasters
Dining
12,340 visits/mo
0.3 miles
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Market
Vacancy Rate% for Retail in San Diego, CA
Questions? Ask Rey
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Similar Off Market Nearby
- Green Bazaar Floorist plants & more — 836 Washington St, San Diego, CA 92103
- Windy's Flowers — 4235 Texas St, San Diego, CA 92104
- Rainbow Flowers — 1070 University Ave, San Diego, CA 92103
Frequently Asked Questions
What type of property is this?
Storefront property - Two-story storefront building with prominent street frontage and rear off-street parking for eight vehicles.
Where is this storefront property located?
The property is located at 1041-1047 University Ave San Diego, CA.
What is the asking price?
The asking price for this property is $4,100,000.
What are key features of this property?
This property features: Two‑story storefront commercial building with prominent street frontage and visibility; Rear off‑street parking for 8 vehicles; Located in the heart of Hillcrest, a high‑traffic area
