Mixed-Use Corner Property with
For Sale
$900,000
3275 Euclid, San Diego, CA 92105
Versatile mixed-use corner property with a commercial storefront and dual-address identity for separate access.
Property Size1,380 SF
Lot Size4,802.00 Acres
Price / SF$652.17
Days on Market47
Property Features for 3275 Euclid
General Information
Standard status
Active
Size
1,380 SF
Lot size
4,802.00 Acres
Property subtype
Commercial
Zoning
CUPD-CU-1-1
Building Details
Units
1
Listing Agency:
Premier Agency Real Estate Inc.
(619) 419-6619
Listed By:
Karla Mexia · License #02136510
(619) 419-6619
Source:
Elliman
Added: Jul 8
Changed: Aug 8
Last Checked: Aug 22 at 11:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premier Agency Real Estate Inc.
Investment Insights
Based on property information with market context.
This unique mixed-use property is zoned CUPD-CU-1-1 and includes a commercial storefront with 1,380 SF of space configured for flexible use, including retail, office, medical, or creative applications, subject to City requirements. The offering is sold AS-IS.
The property sits on a 4,802 SF corner lot along a transit corridor and is documented at two addresses: 3275 Euclid Ave & 4769 Thorn St. The dual-address identity is intended to support street visibility for storefront signage and provides separate entrances for business operations and residential/private access.
Located within the Islenair Historic District, the property offers an owner the opportunity to review and confirm any historic guidelines and usage restrictions with the City of San Diego, along with zoning capabilities before proceeding.
The property sits on a 4,802 SF corner lot along a transit corridor and is documented at two addresses: 3275 Euclid Ave & 4769 Thorn St. The dual-address identity is intended to support street visibility for storefront signage and provides separate entrances for business operations and residential/private access.
Located within the Islenair Historic District, the property offers an owner the opportunity to review and confirm any historic guidelines and usage restrictions with the City of San Diego, along with zoning capabilities before proceeding.
Key Highlights
- Mixed‑use property with a 1,380 SF commercial storefront on a 4,802 SF corner lot along a high‑traffic transit corridor
- CUPD‑CU‑1‑1 zoning (Centrally Urbanized Planned District); listed as 3275 Euclid Ave & 4769 Thorn St for dual‑address identity
- Dual‑address setup supports separate entrances for business operations plus residential/private access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,385
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$667,700
$667.7K
Cap Rate 7%
$476,929
$476.9K
Cap Rate 9%
$370,944
$370.9K
Market Conditions
NOI Build-Up for 1,380 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.7K $36.00/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$47.7K $34.56/SF
− OpEx
−$14.3K −$10.37/SF
NOI
$33.4K $24.19/SF
Area
ZIP 92105
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$667,700
Cap Rate 7%
$476,929
Cap Rate 9%
$370,944
Alternative Uses
Best Use
Retail
$476.9K
$417.3K – $556.4K
NOI $33,385 @ 7.0% cap · market cap 3.71%
Second Best
Office B
$373.7K
$327.0K – $436.0K
NOI $26,160 @ 7.0% cap · market cap 2.91%
Theoretical Best
Specialty Retail
$545.1K
$476.9K – $635.9K
NOI $38,154 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 92105, CA
66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Versatile mixed-use corner property with a commercial storefront and dual-address identity for separate access.
Where is this live-work space located?
The property is located at 3275 Euclid San Diego, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Mixed‑use property with a 1,380 SF commercial storefront on a 4,802 SF corner lot along a high‑traffic transit corridor; CUPD‑CU‑1‑1 zoning (Centrally Urbanized Planned District); listed as 3275 Euclid Ave & 4769 Thorn St for dual‑address identity; Dual‑address setup supports separate entrances for business operations plus residential/private access
