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

    3823 Ray St San Diego, CA 92104

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr

    Flexible office spaces in a sought-after San Diego commercial district.

    Property size:
    1,270 SF
    Lot size:
    0.12 Acres

    Property Features for 3823 Ray St

    General Information

    Size
    1,270 SF
    Lot size
    0.12 Acres

    We can help!

    Listing Contact
    Emmett Cahill
    Emmett Cahill
    Source: Moodyscre

    Listing Agent: Emmett Cahill

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

    Learn more

    Overview

    North Park Office Space Available

    Located in North Park, the property at 3823-3827 Ray Street offers flexible office spaces suitable for businesses of all sizes. The property provides functionality, accessibility, and convenience, situated in a sought-after commercial district of San Diego. Multiple suite options are available. The property has a size of 1270 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -117.1289531
    Latitude
    32.7479782

    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?
    Office space - Flexible office spaces in a sought-after San Diego commercial district.
    Where is this office space located?
    The property is located at 3823 Ray St San Diego, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Located in the heart of North Park; - Flexible office spaces suitable for businesses of all sizes; - Multiple suite options available
    (619) 243-8454
    Request Owner's contact information
    3823 Ray St San Diego, CA 92104
    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.
    3823 Ray St
    San Diego, CA 92104
    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
    3823 Ray St San Diego, CA 92104
    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
    Emmett Cahill
    Emmett Cahill
    (619) 243-8454
    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.