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 Market217
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 26
Last Checked: Oct 28 at 7:48AM
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
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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.
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Property Analytics
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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
