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

    109-195 South Rancho Santa Fe Rd San Marcos, CA 92078

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

    Grocery and discount anchored shopping center with completed renovations.

    We can help!

    Listing Contact
    Justin Wessel
    Source: Nmrk

    Listing Agent: Justin Wessel

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

    Learn more

    Overview

    San Marcos Retail Center For Rent

    Mercado San Marcos is a shopping center anchored by a grocery store and discount retailers, situated in the San Marcos submarket of San Diego. The center has undergone a complete renovation, including new branding, signage, landscaping, parking lot upgrades, and an activated outdoor area. The location, access, visibility, and tenant mix combine to create a unique opportunity for prospective tenants. The property is located at the Northeast Corner of Rancho Santa Fe Road & Grand Avenue.
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Similar Places Nearby

    Mercado, WeLoveTrampolines.com, Grand Plaza, Old World Traditions, Navajo Plaza

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    San Diego
    State
    California
    Longitude
    -117.1983144
    Latitude
    33.1483291

    Nearby Similar for Lease

    • $28,000
      35,000 SF

      San Marcos Greenhouse Facility Lease

      State-of-the-art greenhouse with indoor processing and storage areas.
      2075 N Twin Oaks Valley Rd, San Marcos, CA 92069
      View Details
    • $1.72 SF/Yr
      158,923 SF

      San Marcos Industrial/Flex Submarket Location

      Located in a highly sought after industrial/flex submarket.
      1611-1665 Rancho Santa Fe Rd, San Marcos, CA 92078
      View Details
    • Contact for pricing
      158,923 SF

      San Marcos Industrial/Flex Submarket Space

      Located in a highly sought after industrial/flex submarket.
      1655 South Rancho Santa Fe Rd, San Marcos, CA 92078
      View Details
    • Contact for pricing
      2,225 SF

      San Marcos Industrial/Flex Space

      Industrial/flex space in high-demand San Marcos submarket.
      1665 S Rancho Santa Fe Rd, San Marcos, CA 92078
      View Details
    • $1.72 SF/Yr
      5,383 SF

      San Marcos Industrial/Flex Space Available

      Industrial/flex space in high-demand San Marcos submarket, excellent demographics.
      1619 S Rancho Santa Fe Rd, San Marcos, CA 92078
      View Details
    • Contact for pricing
      31,579 SF

      San Marcos Retail Center Investment

      Prime San Marcos Retail, Multiple Tenants
      100 Rancho Santa Fe Rd, San Marcos, CA 92069
      View Details
    • $1.35 SF/Yr
      9,720 SF

      San Marcos Industrial Building For Lease

      9,720 SF industrial building near Cal State San Marcos.
      295 Trade St, San Marcos, CA 92078
      View Details
    • $2,080 /Mo
      23,440 SF

      San Marcos Industrial Space Available

      1,260 SF industrial space with excellent highway access and visibility.
      1232 Los Vallecitos Blvd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      32,295 SF

      San Marcos Retail Center - Prime Location

      High-traffic retail center, renovations underway.
      100 Rancho Santa Fe Rd, San Marcos, CA 92069
      View Details
    • $1.20 SF/Yr
      151,434 SF

      Los Vallecitos Business Center Suites

      San Marcos, CA: Flexible Office & Warehouse Space
      800 Vallecitos De Oro, San Marcos, CA 92069
      View Details
    • $1.65 SF/Yr
      17,440 SF

      San Marcos Flex/Industrial Business Park

      Premier flex and industrial business park in San Marcos.
      1125 Linda Vis Dr & 310 Via, San Marcos, CA 92078
      View Details
    • $1.50 SF/Yr
      17,440 SF

      San Marcos Flex/Industrial Business Park

      Multi-tenant office, flex, and industrial space in San Marcos.
      1165 Linda Vis Dr + 310 Via, San Marcos, CA 92078
      View Details

    FAQs

    What type of property is this?
    Shopping center - Grocery and discount anchored shopping center with completed renovations.
    Where is this shopping center located?
    The property is located at 109-195 South Rancho Santa Fe Rd San Marcos, CA.
    What are key features of this property?
    This property features: - Anchored by essential needs grocery and discount retailers.; - Recently completed renovation including new branding, signage, landscaping, and parking lot.; - Located in the San Marcos submarket of San Diego.
    (858) 875-5929
    Request Owner's contact information
    109-195 South Rancho Santa Fe Rd San Marcos, CA 92078
    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.
    109-195 South Rancho Santa Fe Rd
    San Marcos, CA 92078
    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
    109-195 South Rancho Santa Fe Rd San Marcos, CA 92078
    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
    Justin Wessel
    Real Estate License ID: CA RE Lic. #01946177
    (858) 875-5929
    Learn more
    Google sign-in failed. Please try again or use another login method.