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

    2731 Shelter Island Dr San Diego, CA 92106

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

    Second floor office space available for rent.

    Property size:
    320 SF
    Lot size:
    0.12 Acres

    Property Features for 2731 Shelter Island Dr

    General Information

    Size
    320 SF
    Lot size
    0.12 Acres

    We can help!

    Listing Contact
    Matthew Monterroso
    Matthew Monterroso
    Source: Moodyscre

    Listing Agency: Commercial Asset Advisors Listing Agent: Matthew Monterroso

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

    Learn more

    Property Insight Report

    Overview

    Shelter Island Drive Office Space

    This property offers a second-floor office space with a total area of 320 square feet. It is located on Shelter Island Drive in San Diego, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    EQUOTE Insurance Agency Affinity Hills Realty Real Estate Agency Murphy's Marine Canvas (Bike/Boat/Book/etc) Store GULL-NEOGAIA LATAM Certification Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -117.2287074
    Latitude
    32.7208985

    Nearby Similar for Lease

    • Contact for pricing

      Sunroad Corporate Center

      Meet, work or collaborate in our professional Sunroad Corporate Center business center
      4445 Eastgate Mall, San Diego, CA 92121
      View Details
    • Contact for pricing

      Mission Valley

      Discover many ways to work your way in Mission Valley
      3111 Camino Del Rio, San Diego, CA 92108
      View Details
    • Contact for pricing

      Emerald Plaza

      Discover many ways to work your way in Emerald Plaza
      402 Broadway, San Diego, CA 92101
      View Details
    • Contact for pricing

      Diamond View

      Workspaces, services and support to help you work better in Miami Airport
      350 10Th Ave, San Diego, CA 92101
      View Details
    • Contact for pricing

      Cush Plaza

      Workspaces, services and support to help you work better in Miami Airport
      10620 Treena St, San Diego, CA 92131
      View Details
    • Sponsored
      Contact for pricing

      501 W. Broadway

      All-inclusive access to workspace, virtual office and meeting rooms in O'Hare Airport
      501 Broadway, San Diego, CA 92101
      View Details
    • 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

      Mission Valley - Stonecrest

      Flexible workspace in Central Avenue
      9655 Granite Ridge Dr, San Diego, CA 92123
      View Details
    • Contact for pricing

      Firars Mission

      Discover many ways to work your way in Corporate Commons
      1455 Frazee Rd, San Diego, CA 92108
      View Details
    • Contact for pricing

      One Pacific Heights

      Workspaces, services and support to help you work better in John Wayne Airport
      9920 Pacific Heights Blvd, San Diego, CA 92121
      View Details
    • Contact for pricing

      Liberty Station

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      2305 Historic Decatur Rd, San Diego, CA 92106
      View Details
    • Contact for pricing

      Spaces University Town Center

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      4660 La Jolla Village Dr, San Diego, CA 92122
      View Details

    FAQs

    What type of property is this?
    Office units - Second floor office space available for rent.
    Where is this office units located?
    The property is located at 2731 Shelter Island Dr San Diego, CA.
    What are key features of this property?
    This property features: - Second floor office space
    (858) 360-3000 Call to check price and availability
    Request Owner's contact information
    2731 Shelter Island Dr San Diego, CA 92106
    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.
    2731 Shelter Island Dr
    San Diego, CA 92106
    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
    2731 Shelter Island Dr San Diego, CA 92106
    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 Matthew Monterroso
    Matthew Monterroso
    (858) 360-3000
    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!