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206 Park Blvd, San Diego, CA 92101
The fully occupied retail property has national, regional, and local tenants.
Property Size21,565 SF
Price / SF$579.64
Days on Market4
Property Features for 206 Park Blvd
General Information
Standard status
Active
Size
21,565 SF
Property subtype
RETAIL
Occupancy
100%
Financials
Asking Price
$11,750,000
Cap Rate
8%
Site & Location
Neighborhood
Petco Park
Additional Details
Tenant in Place
Yes
Building Details
Tenancy
Multi
Listing Agency:
Urban Property Group (UPG)
(858) 874-1989
Listed By:
Bill Shrader · License #01033317
(619) 851-0288
Source:
Moodyscre
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 3:02PM
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 Urban Property Group (UPG)
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Investment Insights
Based on property information with market context.
This 21,565-square-foot shopping center in downtown San Diego is 100% occupied. Its tenant roster spans national and regional credit tenants as well as local businesses. A separate 7-Eleven condominium at 222 Park Blvd is part of the offering; the lease may be renewed, with the option to sell the condo separately.
The property is adjacent to Petco Park, which draws more than 3.4 million attendees to home games annually. More than 9,000 vehicles pass the site each day, and 5,300+ residential units are located within 0.25 miles. Tailgate Park redevelopment, a 1.35 million-square-foot project, is also adjacent.
The property is adjacent to Petco Park, which draws more than 3.4 million attendees to home games annually. More than 9,000 vehicles pass the site each day, and 5,300+ residential units are located within 0.25 miles. Tailgate Park redevelopment, a 1.35 million-square-foot project, is also adjacent.
Key Highlights
- 21,565 square feet; 100% occupied
- 8.0% CAP
- National and regional credit tenants alongside local businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$520,559
Cap Rate
4.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,411,180
$10.4M
Cap Rate 7%
$7,436,557
$7.4M
Cap Rate 9%
$5,783,989
$5.8M
Market Conditions
NOI Build-Up for 21,565 SF
Gross rent
$776.3K $36.00/SF
− Vacancy
−$32.7K −$1.52/SF
EGI
$743.7K $34.48/SF
− OpEx
−$223.1K −$10.35/SF
NOI
$520.6K $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%
$10,411,180
Cap Rate 7%
$7,436,557
Cap Rate 9%
$5,783,989
Alternative Uses
Best Use
Retail
$7.44M
$6.51M – $8.68M
NOI $520,559 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$8.52M
$7.45M – $9.94M
NOI $596,229 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
8,179
Businesses Nearby
226k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Hotels & Casinos 26%
Dining 21%
Shops & Services 10%
Ralphs
Groceries
42,007 visits/mo
0.5 miles
Smart & Final
Groceries
18,290 visits/mo
0.4 miles
Fogo de Chao
Dining
18,216 visits/mo
0.3 miles
San Diego Marriott Gaslamp Quarter
Hotels & Casinos
17,574 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in San Diego, CA
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Frequently Asked Questions
What type of property is this?
Shopping center - The fully occupied retail property has national, regional, and local tenants.
Where is this shopping center located?
The property is located at 206 Park Blvd San Diego, CA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 21,565 square feet; 100% occupied; 8.0% CAP; National and regional credit tenants alongside local businesses
