Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1023 4Th Ave San Diego, CA 92101

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    First floor retail space available for sublease in San Diego.

    Property size:
    20,135 SF
    Lot size:
    0.24 Acres

    Property Features for 1023 4Th Ave

    General Information

    Size
    20,135 SF
    Lot size
    0.24 Acres

    We can help!

    Listing Contact
    Jay Nichols
    Source: Moodyscre

    Listing Agent: Jay Nichols

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space Sublease Opportunity

    This is a first-floor retail space, formerly occupied by CVS, available for sublease. The property has a total area of 20,135 square feet. The sublease is available through January 31, 2039.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Viridian Lofts Apartments Apartment Complex CDReload - Online Bitcoin ... Money Transfer Service CVS Drug Store Harbor Sky Photography Aerial Photographer CVS Photo Print Shop

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.160775
    Latitude
    32.715929

    Nearby Similar for Lease

    • Contact for pricing
      1,404 SF

      Luxury Waterfront Hotel in San Diego

      Five-star hotel with panoramic bay views and extensive amenities.
      900 Bayfront Ct, San Diego, CA
      View Details
    • Contact for pricing
      115,270 SF

      Industrial Flex Space for Rent

      Industrial and office spaces available for lease in San Diego.
      4795 Executive Dr, San Diego, CA 92121
      View Details
    • $3,650 /Mo
      1,077 SF

      Uptown Condo with Upgraded Kitchen

      Premium top-level condo with upgraded kitchen and great location.
      1260 Cleveland Ave, San Diego, CA 92103
      View Details
    • Contact for pricing
      275,000 SF

      Retail Space in The Watermark

      Retail spaces available in a vibrant shopping center.
      Scripps Highlands Dr, San Diego, CA 92131
      View Details
    • Contact for pricing
      5,990 SF

      Prime Retail Space in San Diego

      High-traffic retail space near major San Diego attractions.
      650-668 6Th Ave, San Diego, CA 92101
      View Details
    • Contact for pricing
      1,834 SF

      Versatile Retail Space with Amenities

      Retail space offering indoor/outdoor dining, lounge areas, and modern amenities.
      1011 Union St, San Diego, CA 92101
      View Details
    • Contact for pricing
      33,958 SF

      San Diego Retail Opportunity

      Prime commercial property in San Diego with modern amenities.
      8780-8876 Navajo Rd, San Diego, CA 92119
      View Details
    • $8,500 /Mo

      Luxury Penthouse with Panoramic Views

      Spacious penthouse with stunning views and luxury amenities.
      1205 Pacific Hwy, San Diego, CA 92101
      View Details
    • Contact for pricing
      11,500 SF

      Miramar Road Showroom/Industrial Space

      High-end showroom/industrial space with office, yard, and freeway access.
      6080 Miramar Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      55,659 SF

      Class A Sorrento Office Campus

      Two-building campus with ocean views and extensive amenities.
      5010 Wateridge Vista Dr, San Diego, CA 92121
      View Details
    • Contact for pricing
      10,038 SF

      San Diego Lab and Office

      10,038 SF lab and office space available for lease.
      5550 Oberlin Dr, San Diego, CA 92121
      View Details
    • $3 SF/Yr
      1,121 SF

      Downtown San Diego Office/Retail Space

      Ground floor office/retail space in the heart of Downtown San Diego.
      737 Union St, San Diego, CA 92101
      View Details

    FAQs

    What type of property is this?
    Retail space - First floor retail space available for sublease in San Diego.
    Where is this retail space located?
    The property is located at 1023 4Th Ave San Diego, CA.
    What are key features of this property?
    This property features: - Sublease through 1/31/2039; - First floor retail space; - Former CVS
    (949) 244-0929
    Request Owner's contact information
    1023 4Th Ave San Diego, CA 92101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1023 4Th Ave
    San Diego, CA 92101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1023 4Th Ave San Diego, CA 92101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jay Nichols
    (949) 244-0929
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.