Medical Office Condominium
11770 Bernardo Plaza Ct San Diego, CA 92128
11770 Bernardo Plaza Ct, San Diego, CA, 92128
Contact for pricing
For Sale
Contact for pricing
Well-maintained four-story medical office building with upgraded interiors and common areas, positioned for healthcare operators.
Property Size2,366 SF
Lot Size3.05 Acres
Price / SF$620.96
Days on Market51
Property Features for 11770 Bernardo Plaza Ct
General Information
- Standard status
- Active
- Size
- 2,366 SF
- Lot size
- 3.05 Acres
- Property subtype
- Office
Listing agency
Colliers - Los Angeles - La Jolla, California
Listed by
Myles Martinez · License #02199914
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 2:34PM
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 Colliers - Los Angeles - La Jolla, California
Investment Insights
Based on property information with market context.
RB Medical Plaza is a four-story, steel-frame medical office condominium building built in 1984 and recently upgraded. The property features two elevators, a landscaped central courtyard, above-standard parking, and upgraded common areas and restrooms. The building is currently in the process of being condo mapped, with impending capital improvements planned, and is occupied by a diverse mix of healthcare and professional services tenants.
The asset is situated on 3.05 acres in the Rancho Bernardo submarket and has prominent visibility with freeway-fronting exposure along Interstate 15. Its amenity-rich design includes a central courtyard setting, supported by the building’s parking and improved shared facilities.
For healthcare practices and related professional users, the configuration supports day-to-day operations within a multi-tenant environment that already includes healthcare and professional services. The ongoing condo mapping process may also be relevant for buyers or operators evaluating ownership structure, while the planned capital improvements and recent upgrades help support a tenant-ready presentation. The property’s combination of established use, elevator service, upgraded common areas, and freeway visibility are practical considerations for medical office buyers seeking a purpose-built environment in Rancho Bernardo.
The asset is situated on 3.05 acres in the Rancho Bernardo submarket and has prominent visibility with freeway-fronting exposure along Interstate 15. Its amenity-rich design includes a central courtyard setting, supported by the building’s parking and improved shared facilities.
For healthcare practices and related professional users, the configuration supports day-to-day operations within a multi-tenant environment that already includes healthcare and professional services. The ongoing condo mapping process may also be relevant for buyers or operators evaluating ownership structure, while the planned capital improvements and recent upgrades help support a tenant-ready presentation. The property’s combination of established use, elevator service, upgraded common areas, and freeway visibility are practical considerations for medical office buyers seeking a purpose-built environment in Rancho Bernardo.
Key Highlights
- Four‑story medical office building (RB Medical Plaza) totaling 88,872 SF on 3.05 acres in the Rancho Bernardo submarket
- Built in 1984 with steel‑frame construction and two elevators
- Recently upgraded building features landscaped central courtyard and upgraded common areas and restrooms
Local Financial Insights For Office B
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 | $71.0k | $30.00 |
| − Vacancy | −$10.1k | −$4.26 |
| EGI | $60.9k | $25.74 |
| − OpEx | −$15.2k | −$6.44 |
| NOI | $45.7k | $19.31 |
2,366 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$652.5K
$571.0K – $761.3K
NOI $45,676 @ 7.0% cap · market cap 3.11%
Second Best
Healthcare Medical
$594.8K
$520.4K – $693.9K
NOI $41,634 @ 7.0% cap · market cap 2.83%
Theoretical Best
Specialty Retail
$934.5K
$817.7K – $1.09M
NOI $65,415 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Dr. Steven J. ...
Dental Office
IntraStage
(Bike/Boat/Book/etc) Store
Gaila Mackenzie-Strawn
Gym & Fitness Center
Jackofsky Gilbert M
Physician
Avriette Holly J ...
Physician
Similar For Sale Nearby
Similar Off Market Nearby
- Rancho Bernardo Pet Hospital — 16588 Bernardo Center Dr STE 160, San Diego, CA 92128
- Companion Care Veterinary Hospital & Urgent Care — 16777 Bernardo Center Dr E-10, San Diego, CA 92128
FAQs
What type of property is this?
Medical Office Space - Well-maintained four-story medical office building with upgraded interiors and common areas, positioned for healthcare operators.
Where is this medical office space located?
The property is located at 11770 Bernardo Plaza Ct San Diego, CA.
What is the asking price?
The asking price for this property is $1,469,182.
What are key features of this property?
This property features: Four‑story medical office building (RB Medical Plaza) totaling 88,872 SF on 3.05 acres in the Rancho Bernardo submarket; Built in 1984 with steel‑frame construction and two elevators; Recently upgraded building features landscaped central courtyard and upgraded common areas and restrooms
