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    Two-Story Mixed-Use Restaurant Building Title is generated by Realmo AI

    1130 Garnet Avenue, San Diego, CA 92109

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    Mixed-use building with a ground-floor restaurant tenancy and a second-floor short-term rental unit.

    Type:Retail, Mixed Use
    Property size:
    3,019 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $828/SF
    Added:
    May 29, 2026
    Days on Market:
    9
    Last Refresh:
    Jun 6 at 5:03 am

    Property Features for 1130 Garnet Avenue

    General Information

    Standard status
    Active
    Size
    3,019 SF
    Lot size
    0.14 Acres
    Property subtype
    Retail, Mixed Use

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    Max Stone
    Max Stone

    Listing agent Max Stone License #01944151

    Listing office Voit Real Estate Services Voit Carlsbad

    Listing date May 29, 2026

    Source Crexi

    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 Voit Real Estate Services Voit Carlsbad

    HighLights

    • Approximately 3,019 SF two‑story mixed‑use building on an approximately 0.14‑acre lot on Garnet Avenue in Pacific Beach
    • Ground‑floor tenant: Zen Sushi; lease term expires December 31, 2026
    • Second‑floor residential unit used as a short‑term rental; currently vacant
    • Built in 1980

    Overview

    This two-story mixed-use building offers approximately 3,019 square feet on an approximately 0.14-acre lot. The ground floor is currently occupied by Zen Sushi, with the lease term set to expire December 31, 2026. The second-floor residential unit is used as a short-term rental and is currently vacant.

    The property is located along Garnet Avenue in Pacific Beach’s primary retail and dining corridor, positioning the restaurant space within an active commercial area. This configuration provides separate floors for distinct uses, with the street-facing portion occupied by an established restaurant operation and the residential level available to be re-occupied.

    For buyers seeking a mixed-use setup, the combination of an operating restaurant tenant on the ground level and a separately utilized residential unit above can support a variety of owner strategies, including maintaining the restaurant tenancy through the stated lease expiration while determining the next use and leasing approach for the vacant short-term rental unit.
    Location Intelligence

    Current Use by Public Records

    Zen 5 Restaurant Zen Five Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • 自助餐 — 1840 Garnet Ave, San Diego, CA 92109

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.2493887
    Latitude
    32.798092

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    FAQs

    What type of property is this?
    Conventional restaurant - Mixed-use building with a ground-floor restaurant tenancy and a second-floor short-term rental unit.
    Where is this conventional restaurant located?
    The property is located at 1130 Garnet Avenue San Diego, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Approximately 3,019 SF two‑story mixed‑use building on an approximately 0.14‑acre lot on Garnet Avenue in Pacific Beach; Ground‑floor tenant: Zen Sushi; lease term expires December 31, 2026; Second‑floor residential unit used as a short‑term rental; currently vacant
    (858) 458-3348 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Max Stone
    Max Stone
    Real Estate License ID: 01944151
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    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.

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