Owner-User Office Building with
For Sale
Contact for pricing
731 9th Ave, San Diego, CA 92101
Highly improved office space allows an owner to occupy part while renting four additional office suites.
Property Size8,751 SF
Price / SF$227.97
Days on Market1101
Property Features for 731 9th Ave
General Information
Standard status
Active
Size
8,751 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Core-Columbia
Additional Details
Business Included
No
Office Units
5
Listing Agency:
Strom Commercial
(619) 243-1244
Listed By:
Jack Schreibman · License #02172891
(858) 361-5942
Source:
Moodyscre
Added: Oct 27, 2023
Changed: Oct 26
Last Checked: Oct 30 at 3:54PM
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 Strom Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This owner-user office building offers highly improved space configured to support both occupancy and rental income. An owner can occupy approximately 4,500 SF while collecting rent from 4 +/- 1,500 SF office spaces, creating a built-in mix of use.
The property is also described as a strong development site, making it relevant for buyers considering redevelopment possibilities alongside near-term income.
Overall, the asset is designed to function as a multi-suite office building, with a portion set aside for owner occupancy and the remainder structured as independent office spaces.
The property is also described as a strong development site, making it relevant for buyers considering redevelopment possibilities alongside near-term income.
Overall, the asset is designed to function as a multi-suite office building, with a portion set aside for owner occupancy and the remainder structured as independent office spaces.
Key Highlights
- Owner‑user opportunity: occupy 4,500 SF of highly improved office space
- Collect rental income from 4+/- additional 1,500 SF office suites
- Highly improved office space with separate office suites for occupancy and rental
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,938
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,378,760
$3.4M
Cap Rate 7%
$2,413,400
$2.4M
Cap Rate 9%
$1,877,089
$1.9M
Market Conditions
NOI Build-Up for 8,751 SF
Gross rent
$262.5K $30.00/SF
− Vacancy
−$37.3K −$4.26/SF
EGI
$225.3K $25.74/SF
− OpEx
−$56.3K −$6.44/SF
NOI
$168.9K $19.31/SF
Area
San Diego, CA
Vacancy
14.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,378,760
Cap Rate 7%
$2,413,400
Cap Rate 9%
$1,877,089
Alternative Uses
Best Use
Office B
$2.41M
$2.11M – $2.82M
NOI $168,938 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.46M
$3.02M – $4.03M
NOI $241,948 @ 7.0% cap · market cap 12.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
5
Office units
Location Intelligence
Trade Area within ½ mile
10,693
Businesses Nearby
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Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office unit - Highly improved office space allows an owner to occupy part while renting four additional office suites.
Where is this office unit located?
The property is located at 731 9th Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Owner‑user opportunity: occupy 4,500 SF of highly improved office space; Collect rental income from 4+/- additional 1,500 SF office suites; Highly improved office space with separate office suites for occupancy and rental
