Shopping Center with On-Site
For Sale
$2,995,000
Pending
1631 Garnet Avenue, San Diego, CA 92109
CC-4-2 zoning allows mixed-use, high-intensity commercial development.
Property Size7,840 SF
Lot Size0.36 Acres
Days on Market10
Property Features for 1631 Garnet Avenue
General Information
Standard status
Pending
Size
7,840 SF
Total Parking Spaces
17
Lot size
0.36 Acres
Zoning
CC-4-2
Site & Location
Neighborhood
Pacific Beach
Additional Details
Tenant in Place
Yes
Amenities
true
,,
15625
125X125
0.3587
Plans
1
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Tony Franco Realty, Inc.
(858) 717-1697
Listed By:
Tony Franco · License #01950498
Source:
Gotrealestatesolutions
Added: Oct 20
Changed: Oct 28
Last Checked: Oct 28 at 2:48PM
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 Tony Franco Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The shopping center contains approximately 7,840 square feet on a 15,625-square-foot parcel measuring 125 feet by 125 feet. It is divided into three separately metered units and has 17 on-site parking spaces. Most of the property is expected to be vacant at closing, with two tenants remaining in place.
On Garnet Avenue in San Diego, the property sits across from Trader Joe’s and Staples. The beach, boardwalk, and Mission Bay are within walking distance.
On Garnet Avenue in San Diego, the property sits across from Trader Joe’s and Staples. The beach, boardwalk, and Mission Bay are within walking distance.
Key Highlights
- Approximately 7,840 SF building on a 15,625 SF lot
- Parcel measures 125' x 125'
- 17 on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$189,250
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,785,000
$3.8M
Cap Rate 7%
$2,703,571
$2.7M
Cap Rate 9%
$2,102,778
$2.1M
Market Conditions
NOI Build-Up for 7,840 SF
Gross rent
$282.2K $36.00/SF
− Vacancy
−$11.9K −$1.52/SF
EGI
$270.4K $34.48/SF
− OpEx
−$81.1K −$10.35/SF
NOI
$189.3K $24.14/SF
Area
San Diego, CA
Vacancy
4.21%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,785,000
Cap Rate 7%
$2,703,571
Cap Rate 9%
$2,102,778
Alternative Uses
Best Use
Retail
$2.70M
$2.37M – $3.15M
NOI $189,250 @ 7.0% cap · market cap 6.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.10M
$2.71M – $3.61M
NOI $216,760 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,302
Businesses Nearby
380k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 33%
Shops & Services 31%
Dining 25%
Office Supplies 6%
VONS
Groceries
54,960 visits/mo
0.2 miles
Trader Joe's
Groceries
47,201 visits/mo
0.1 miles
Staples
Office Supplies
23,360 visits/mo
0.1 miles
Sprouts Farmers Market
Groceries
21,521 visits/mo
0.4 miles
Starbucks
Dining
12,952 visits/mo
0.2 miles
Demographics for 92109, CA
44,671
Population
26,503
Households
1.7
Avg Household Size
35
Median Age
70%
College-Educated
97%
High-School Grad
7.6 sq mi
ZIP Area
5,878
Density / Sq Mi
$118,300
Median Household Income
$71,054
Median Earnings
$2,362
Median Rent
$1,136,000
Median Home Value
Market
Vacancy Rate% for Retail in San Diego, CA
Similar Off Market Nearby
- Coin Cloud Bitcoin ATM — 4175 Mission Blvd, San Diego, CA 92109
- Promenade At Pacific Beach — 2369 Riviera Dr, San Diego, CA 92109
- Coinstar Kiosk | Bitcoin ATM — Kroger - Ralphs Grocery Co, 4315 Mission Blvd, San Diego, CA 92109
- Pacific Beach Marketplace — 4305 Mission Blvd, San Diego, CA 92109
- Seacoast Square — 801-827 Garnet Ave, San Diego, CA 92109
Frequently Asked Questions
What type of property is this?
Shopping center - CC-4-2 zoning allows mixed-use, high-intensity commercial development.
Where is this shopping center located?
The property is located at 1631 Garnet Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Approximately 7,840 SF building on a 15,625 SF lot; Parcel measures 125' x 125'; 17 on‑site parking spaces
