Add Listing
    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

    1298 Prospect St La Jolla, CA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space in La Jolla with ocean views and balconies.

    Property size:
    1,550 SF
    Lot size:
    0.40 Acres

    Property Features for 1298 Prospect St

    General Information

    Size
    1,550 SF
    Lot size
    0.40 Acres

    We can help!

    Listing Contact
    Josh Desoto
    Josh Desoto
    Source: Moodyscre

    Listing Agency: Next Wave Commercial Listing Agent: Josh Desoto

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

    Learn more

    Overview

    La Jolla Office with Balconies

    This office space, located in La Jolla, California, offers 1550 square feet of area. The layout includes 5 offices and 2 private balconies. The property features ocean views.
    Location Intelligence

    Current Use by Public Records

    La Jolla Community ... Charitable Organization

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    La Jolla
    County
    San Diego
    State
    California
    Longitude
    -117.1647094
    Latitude
    32.7269669

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      888 Prospect Street

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      888 Prospect St, La Jolla, CA 92037
      View Details
    • Contact for pricing

      Creative Space with Ocean Views

      Tastefully designed creative space with ocean views available for sublease.
      3344 North Torrey Pines Ct, La Jolla, CA 92037
      View Details
    • $2 SF/Yr
      3,370 SF

      La Jolla Office Space Available

      Prime ground floor office suite available for rent in La Jolla.
      800 Silverado St, La Jolla, CA
      View Details
    • Contact for pricing
      1,779 SF

      La Jolla Office Space Available

      Office space for rent in La Jolla, California.
      7841-7843 Girard Ave, La Jolla, CA
      View Details
    • Contact for pricing
      9,090 SF

      La Jolla Office Space Available

      Office space with ocean views, balcony, and private elevator.
      3344 N Torrey Pne Ct, La Jolla, CA
      View Details
    • Contact for pricing
      2,896 SF

      Class A La Jolla Office

      Four-story Class A office building in coastal La Jolla.
      7777 Fay Ave, La Jolla, CA
      View Details
    • Contact for pricing
      21,315 SF

      La Jolla Research Center Space

      Research center space for rent in La Jolla, CA.
      9310 Athena Cir, La Jolla, CA
      View Details
    • Contact for pricing
      3,100 SF

      La Jolla Creative Office Space

      Creative office space with ocean views available for rent.
      3366 N Torrey Pne Ct, La Jolla, CA
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in La Jolla

      Turn-key retail space near high-traffic restaurants in La Jolla.
      520 Pearl St, La Jolla, CA
      View Details
    • Contact for pricing
      2,522 SF

      La Jolla Office Space Available

      Office space with abundant natural light, near the ocean.
      6931 La Jolla Blvd, La Jolla, CA 92109
      View Details
    • Contact for pricing
      1,622 SF

      La Jolla Blvd Retail/Office Space

      Retail/office space near Windansea Beach with on-site dining.
      6800-6830 La Jolla Blvd, La Jolla, CA 92109
      View Details
    • Contact for pricing
      1,500 SF

      La Jolla Medical Office Space

      Turn-key medical office in La Jolla's Bird Rock community.
      5726 La Jolla Blvd, La Jolla, CA 92109
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in La Jolla with ocean views and balconies.
    Where is this office units located?
    The property is located at 1298 Prospect St La Jolla, CA.
    What are key features of this property?
    This property features: - Ocean Views; - 5 Offices; - 2 Private Balconies
    (619) 326-4400 Call to check price and availability
    Request Owner's contact information
    1298 Prospect St La Jolla, CA
    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.
    1298 Prospect St
    La Jolla, CA
    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
    1298 Prospect St La Jolla, CA
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Josh Desoto
    Josh Desoto
    (619) 326-4400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!