Remodeled Ground-Floor Office
111-4540 Kearny Villa Rd, San Diego, CA 92123
For Sale
$458,500
The unit includes a private restroom and kitchenette and is leased on a month-to-month basis.
Property Size904 SF
Price / SF$507.19
Days on Market986
Property Features for 111-4540 Kearny Villa Rd
General Information
Standard status
Size
Site & Location
Neighborhood
Highway Access
Additional Details
Floor
Building Details
Buildings
Stories
Tenancy
Listing Agency:
Acquire Mortgage & Real Estate
Listed By:
Levi Seligman · License CA #01936432
(805) 544-5626
Source:
Exprealty
Added: Mar 1, 2024
Changed: Oct 25
Last Checked: Nov 10 at 12:55PM
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 Acquire Mortgage & Real Estate
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Investment Insights
Based on property information with market context.
Landmark Centre Condo #111 is a 904-square-foot office unit on the ground floor of a two-story office building at 4540 Kearny Villa Rd in San Diego. The space has been remodeled with new flooring, fresh paint, and quartz countertops. A private restroom and kitchenette provide functional amenities for client-facing business operations.
The property sits within the commercial area formed by CA-163, I-805, and CA-52. Its commercial zoning supports office, retail, and light medical uses. The unit is currently leased month to month, allowing the next owner to continue the existing arrangement or reconfigure the space for its own business needs.
The property sits within the commercial area formed by CA-163, I-805, and CA-52. Its commercial zoning supports office, retail, and light medical uses. The unit is currently leased month to month, allowing the next owner to continue the existing arrangement or reconfigure the space for its own business needs.
Key Highlights
- 904‑square‑foot ground‑floor office unit
- Remodeled with new flooring, paint, and quartz counters
- Private restroom and kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,452
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,040
$349.0K
Cap Rate 7%
$249,314
$249.3K
Cap Rate 9%
$193,911
$193.9K
Market Conditions
NOI Build-Up for 904 SF
Gross rent
$27.1K $30.00/SF
− Vacancy
−$3.9K −$4.26/SF
EGI
$23.3K $25.74/SF
− OpEx
−$5.8K −$6.44/SF
NOI
$17.5K $19.31/SF
Area
San Diego, CA
Vacancy
14.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,040
Cap Rate 7%
$249,314
Cap Rate 9%
$193,911
Alternative Uses
Best Use
Office B
$249.3K
$218.2K – $290.9K
NOI $17,452 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$357.1K
$312.4K – $416.6K
NOI $24,994 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,408
Businesses Nearby
Explore this area
Business Placement
Demographics for 92123, CA
30,937
Population
13,108
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
3,597
Density / Sq Mi
$121,856
Median Household Income
$55,111
Median Earnings
$2,798
Median Rent
$799,600
Median Home Value
Market
Average Price Trend$/SF for Office Units in San Diego, CA
Properties on Market for Office Units in San Diego
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office unit - The unit includes a private restroom and kitchenette and is leased on a month-to-month basis.
Where is this office unit located?
The property is located at 111-4540 Kearny Villa Rd San Diego, CA.
What is the asking price?
The asking price for this property is $458,500.
What are key features of this property?
This property features: 904‑square‑foot ground‑floor office unit; Remodeled with new flooring, paint, and quartz counters; Private restroom and kitchenette
