Two-Storefront Conventional
For Sale
Contact for pricing
1065 14th St, San Diego, CA 92101
Built-out dining and lounge space includes a full bar, kitchen equipment, refrigeration, furniture, and fixtures.
Property Size3,000 SF
Price / SF$566.67
Days on Market477
Property Features for 1065 14th St
General Information
Standard status
Active
Size
3,000 SF
Property subtype
RETAIL
Listing Agency:
Next Wave Commercial
(619) 326-4400
Listed By:
Nate Benedetto · License #01874163
Source:
Moodyscre
Added: May 12, 2025
Changed: Aug 29
Last Checked: Aug 31 at 1:11AM
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 Next Wave Commercial
Investment Insights
Based on property information with market context.
This 3,000-square-foot restaurant and lounge includes two storefronts, with one positioned on a corner and another facing C Street. The interior is equipped with a full bar, commercial kitchen items, refrigeration, furniture, and related fixtures. A substantial rear preparation area supports the restaurant layout and adds functional back-of-house space.
The property is located in San Diego’s East Village, across from City College and its stated population of approximately 15,000 students and faculty. The surrounding setting includes dense residential towers, placing the restaurant near both institutional and residential activity. The existing configuration combines customer-facing dining and lounge areas with dedicated kitchen and preparation facilities.
The property is located in San Diego’s East Village, across from City College and its stated population of approximately 15,000 students and faculty. The surrounding setting includes dense residential towers, placing the restaurant near both institutional and residential activity. The existing configuration combines customer-facing dining and lounge areas with dedicated kitchen and preparation facilities.
Key Highlights
- 3,000 SF restaurant and lounge property
- Two storefronts, including a corner location and a C Street frontage
- Existing full bar, kitchen items, refrigeration, furniture, and fixtures
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
$82,944
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
4.88%
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%
$1,658,880
$1.7M
Cap Rate 7%
$1,184,914
$1.2M
Cap Rate 9%
$921,600
$921.6K
Market Conditions
NOI Build-Up for 3,000 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
$115.2K $38.40/SF
− Vacancy
−$4.6K −$1.54/SF
EGI
$110.6K $36.86/SF
− OpEx
−$27.6K −$9.22/SF
NOI
$82.9K $27.65/SF
Area
San Diego, CA
Vacancy
4.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,658,880
Cap Rate 7%
$1,184,914
Cap Rate 9%
$921,600
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.04M – $1.38M
NOI $82,944 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
8,985
Businesses Nearby
255k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Hotels & Casinos 20%
Groceries 19%
Shops & Services 18%
McDonald's
Dining
47,938 visits/mo
0.2 miles
Smart & Final
Groceries
18,290 visits/mo
0.2 miles
Shell
Shops & Services
18,276 visits/mo
0.2 miles
Fogo de Chao
Dining
18,216 visits/mo
0.5 miles
Grocery Outlet Bargain Market
Groceries
16,315 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Built-out dining and lounge space includes a full bar, kitchen equipment, refrigeration, furniture, and fixtures.
Where is this conventional restaurant located?
The property is located at 1065 14th St San Diego, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 3,000 SF restaurant and lounge property; Two storefronts, including a corner location and a C Street frontage; Existing full bar, kitchen items, refrigeration, furniture, and fixtures
