Office Building for
For Sale
$5,250,000
1541 8th Ave, San Diego, CA 92101
For-sale office property located at 1541 8th Avenue in San Diego, CA.
Property Size11,400 SF
Price / SF$460.53
Days on Market163
Property Features for 1541 8th Ave
General Information
Standard status
Active
Size
11,400 SF
Property subtype
Multi-Family
Listing Agency:
Conor Brennan, Broker
Listed By:
Conor M Brennan Conor.Brennan@cbre.com · License #01918598
(720) 841-8139
Source:
Findahomenorthcountysandiego
Added: May 12
Changed: Oct 13
Last Checked: Oct 20 at 10:12PM
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 Conor Brennan, Broker
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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 for-sale office building is available as a commercial real estate asset for office users and investors. The offering includes office building and office space property types, positioned for buyers seeking an office-oriented property.
The property is located at 1541 8th Avenue in San Diego, California, within San Diego County. Prospective buyers and tenants can review the premises directly and coordinate inspections through the listing broker.
The property is located at 1541 8th Avenue in San Diego, California, within San Diego County. Prospective buyers and tenants can review the premises directly and coordinate inspections through the listing broker.
Key Highlights
- For‑sale office property at 1541 8th Avenue in San Diego, CA
- Interior features list heating as None
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,077
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,401,540
$4.4M
Cap Rate 7%
$3,143,957
$3.1M
Cap Rate 9%
$2,445,300
$2.4M
Market Conditions
NOI Build-Up for 11,400 SF
Gross rent
$342.0K $30.00/SF
− Vacancy
−$48.6K −$4.26/SF
EGI
$293.4K $25.74/SF
− OpEx
−$73.4K −$6.44/SF
NOI
$220.1K $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%
$4,401,540
Cap Rate 7%
$3,143,957
Cap Rate 9%
$2,445,300
Alternative Uses
Best Use
Office B
$3.14M
$2.75M – $3.67M
NOI $220,077 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.50M
$3.94M – $5.25M
NOI $315,187 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
9,738
Businesses Nearby
Explore this area
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
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Market
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office building - For-sale office property located at 1541 8th Avenue in San Diego, CA.
Where is this office building located?
The property is located at 1541 8th Ave San Diego, CA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: For‑sale office property at 1541 8th Avenue in San Diego, CA; Interior features list heating as None
