National City Redevelopment
For Sale
$3,200,000
205 E 8th Street, National City, CA 91950
Mixed-use redevelopment opportunity in downtown National City.
Property Size10,400 SF
Lot Size0.24 Acres
Price / SF$307.69
Days on Market202
Property Features for 205 E 8th Street
General Information
Standard status
Active
Size
10,400 SF
Lot size
0.24 Acres
Property subtype
Commercial
Listing Agency:
Atlas Realty
(951) 226-5454
Listed By:
Michael Spirtos (michael@atlas-realty.com)
(559) 638-3651
Source:
Mrmurrieta
Added: Mar 27
Changed: Oct 13
Last Checked: Oct 12 at 7:20PM
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 Atlas Realty
Investment Insights
Based on property information with market context.
Located on the corner of E 8th Street and B Ave in downtown National City, this property presents a redevelopment opportunity for a mixed-use concept or affordable housing. The 10,400 sqft lot is situated in an Opportunity Zone. Currently, the property features a retail storefront. The city requires 10% ground floor retail and allows building up to a 5.0 FAR. A multifamily project can be built on the lot. No parking is required, and the city offers fast approval for development.
Key Highlights
- Opportunity Zone location in downtown National City
- High‑density development potential with a 5.0 FAR
- Large 10,400 sqft lot suitable for multi‑family project
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$224,603
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,492,060
$4.5M
Cap Rate 7%
$3,208,614
$3.2M
Cap Rate 9%
$2,495,589
$2.5M
Market Conditions
NOI Build-Up for 10,400 SF
Gross rent
$419.3K $40.32/SF
− Vacancy
−$60.0K −$5.77/SF
EGI
$359.4K $34.55/SF
− OpEx
−$134.8K −$12.96/SF
NOI
$224.6K $21.60/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$40.32 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,492,060
Cap Rate 7%
$3,208,614
Cap Rate 9%
$2,495,589
Alternative Uses
Best Use
Mixed Use
$3.21M
$2.81M – $3.74M
NOI $224,603 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.76M
$4.17M – $5.56M
NOI $333,545 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,768
Businesses Nearby
Explore this area
Business Placement
Demographics for 91950, CA
57,849
Population
19,049
Households
3
Avg Household Size
36
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
7,925
Density / Sq Mi
$63,858
Median Household Income
$34,013
Median Earnings
$1,600
Median Rent
$580,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use redevelopment opportunity in downtown National City.
Where is this mixed-use property located?
The property is located at 205 E 8th Street National City, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Opportunity Zone location in downtown National City; High‑density development potential with a **5.0 FAR**; Large **10,400 sqft lot** suitable for multi‑family project
