Remodeled Ground-Floor Office
For Sale
$458,500
111-4540 Kearny Villa Rd, San Diego, CA 92123
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 Market916
Property Features for 111-4540 Kearny Villa Rd
General Information
Standard status
Active
Size
904 SF
Additional Details
Floor
Ground Floor
Highway Access
Yes
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Acquire Mortgage & Real Estate
Listed By:
Levi Seligman · License #01936432
(805) 544-5626
Source:
Exprealty
Added: Mar 1, 2024
Changed: Sep 2
Last Checked: Sep 1 at 9:54PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,452
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
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
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - The unit includes a private restroom and kitchenette and is leased on a month-to-month basis.
Where is this office units 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
