San Diego Investment
6302-6360 Riverdale St San Diego, CA
6302-6360 Riverdale St, San Diego, CA, 00000
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For Sale
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Prime investment opportunity in a sought-after San Diego submarket.
Property Size57,057 SF
Lot Size2.26 Acres
Price / SF$517.03
Days on Market440
Property Features for 6302-6360 Riverdale St
General Information
- Standard status
- Active
- Size
- 57,057 SF
- Lot size
- 2.26 Acres
- Property subtype
- RETAIL
Listing Agency
Urban Property Group (UPG)
(619) 851-0288
Listed by
Bill Shrader · License #01033317
Source
Moodyscre
Added: May 8, 2025 Updated: Jul 10 at 11:43 am Checked: Jul 20 at 3:44 am
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 Urban Property Group (UPG)
Investment Insights
Based on property information with market context.
This property presents a prime investment opportunity within a highly sought-after San Diego submarket. The location offers high visibility on Friars Road, a main thoroughfare in Mission Valley. It is adjacent to the SDSU West Campus, a mixed-use transit-oriented university campus. The property features large lot sizes with the potential to increase coverage by vacating the alley. Development potential exists for 400 to 700 units, with existing income during the planning process. The central location provides ease of commute with a short distance to multiple freeways and nearby transit options. The property is in close proximity to Fenton Market Place, Fashion Valley, and Kaiser Permanente. It is located among a growing residential and tourist population, with increasing development activity due to its central San Diego County location. Existing tenants have an average tenure of 11 years, and there is an upside rent opportunity with rents 25% below market rates. The property size is 57057 square feet.
Key Highlights
- Development potential (400 - 700 units) with existing income through planning process
- Prime investment opportunity in a highly sought‑after San Diego submarket
- High visibility to Friars Road, a main Mission Valley thoroughfare
Local Financial Insights For Retail
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 | $2.05M | $36.00 |
| − Vacancy | −$86.5k | −$1.52 |
| EGI | $1.97M | $34.48 |
| − OpEx | −$590.3k | −$10.35 |
| NOI | $1.38M | $24.14 |
57,057 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$19.68M
$17.22M – $22.96M
NOI $1,377,303 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$22.54M
$19.72M – $26.29M
NOI $1,577,512 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Coinstar Kiosk | Bitcoin ATM — Safeway, 6555 Mission Gorge Rd, San Diego, CA 92120
- Village Square — 6606 Mission Gorge Rd, San Diego, CA 92120
- Valle del Rio — 4242 Camino Del Rio N, San Diego, CA 92108
- Rancho Mission Plaza — 10497 San Diego Mission Rd, San Diego, CA 92108
- Friars Village Shopping Center — San Diego, CA 92120
FAQs
What type of property is this?
Shopping center - Prime investment opportunity in a sought-after San Diego submarket.
Where is this shopping center located?
The property is located at 6302-6360 Riverdale St San Diego, CA.
What is the asking price?
The asking price for this property is $29,500,000.
What are key features of this property?
This property features: Development potential (400 - 700 units) with existing income through planning process; Prime investment opportunity in a highly sought‑after San Diego submarket; High visibility to Friars Road, a main Mission Valley thoroughfare
