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    3096 National Ave San Diego, CA 92113

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    For Sale
    $2,400,000

    Prime location with redevelopment potential and existing income.

    Property size:
    4,059 SF
    Lot size:
    0.40 Acres

    Property Features for 3096 National Ave

    General Information

    Size
    4,059 SF
    Lot size
    0.40 Acres

    Source: Starker West Agent Eric Lowe, J.D.

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

    Overview

    Redevelopment Opportunity with Income

    This property presents a covered land play with substantial income and future development possibilities. The fully leased property generates $118,000 in annual net operating income, reflecting a 4.92% capitalization rate. Situated on a 17,586 square foot lot, the property is zoned CC-3-6 within the Complete Communities Tier 3 overlay, supporting a floor area ratio (FAR) of 6.5, which allows for development of up to 114,309 square feet of total floor space. The existing leases have 1 to 2 years remaining, offering near-term potential for redevelopment into more than 40 residential units with ground-floor retail or live-work spaces. The property size is 4,059 square feet and is located in San Diego, CA.
    Insight Report Location Intelligence

    Current Use by Public Records

    El Paisa Mexican Restaurant K&Y Roofing Services Roofing Contractor

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -117.1274539
    Latitude
    32.6961585

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    FAQs

    What type of property is this?
    Retail space - Prime location with redevelopment potential and existing income.
    Where is this retail space located?
    The property is located at 3096 National Ave San Diego, CA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Fully leased property.; - Generates $118,000 in annual Net Operating Income (NOI).; - Offers a 4.92% capitalization rate.
    (619) 776-2681
    Request Owner's contact information
    3096 National Ave San Diego, CA 92113
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    San Diego, CA 92113
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    Realmo Value Estimation

    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.

    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.

    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
    3096 National Ave San Diego, CA 92113
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