San Diego Nightclub with ABC
For Sale
Contact for pricing
500-502 Fourth Ave, San Diego, CA
11,000 SF nightclub with ABC License and office space.
Property Size11,000 SF
Lot Size0.24 Acres
Price / SF$409.09
Days on Market594
Property Features for 500-502 Fourth Ave
General Information
Standard status
Active
Size
11,000 SF
Lot size
0.24 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 500-502 Fourth Ave Contact us- Floor
- 2
- Size
- 2,000 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
500 4th Ave
- 13,000 SF
- Seller Financing Available. 11,000 SF nightclub with ABC License &...
show more
Contact us
- Floor
- 1
- Size
- 11,000 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
500 4th Ave
- Seller Financing Available. 11,000 SF nightclub with ABC License & long history...
show more
Contact us
Listing Agency:
Next Wave Commercial
(619) 326-4400
Listed By:
Nate Benedetto · License #01436440
Source:
Moodyscre
Added: Jan 28, 2025
Changed: Sep 12
Last Checked: Sep 14 at 8:55AM
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 Next Wave Commercial
Investment Insights
Based on property information with market context.
This property features an 11,000-square-foot nightclub space, accompanied by a 2,000-square-foot office located on the second floor. The nightclub benefits from an ABC License and a history of entertainment permits. Seller financing options are available.
Key Highlights
- Seller financing available
- 11,000 SF nightclub, a great opportunity
- ABC license included
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
$304,128
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
6.76%
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%
$6,082,560
$6.1M
Cap Rate 7%
$4,344,686
$4.3M
Cap Rate 9%
$3,379,200
$3.4M
Market Conditions
NOI Build-Up for 11,000 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
$422.4K $38.40/SF
− Vacancy
−$16.9K −$1.54/SF
EGI
$405.5K $36.86/SF
− OpEx
−$101.4K −$9.22/SF
NOI
$304.1K $27.65/SF
Area
San Diego, CA
Vacancy
4.00%
Lease Rate
$38.40 /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%
$6,082,560
Cap Rate 7%
$4,344,686
Cap Rate 9%
$3,379,200
Alternative Uses
Best Use
Specialty Retail
$4.34M
$3.80M – $5.07M
NOI $304,128 @ 7.0% cap · market cap 6.76%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
11,398
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Night club - 11,000 SF nightclub with ABC License and office space.
Where is this night club located?
The property is located at 500-502 Fourth Ave San Diego, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Seller financing available; 11,000 SF nightclub, a great opportunity; ABC license included
