Fourth-Floor Hotel
For Sale
$215,000
207 5th Avenue San Diego CA 92101, San Diego, CA 92101
Fully furnished hospitality suite with separate lounge, king bed, and hotel-managed operations.
Property Size431 SF
Price / SF$498.84
Days on Market107
Property Features for 207 5th Avenue San Diego CA 92101
General Information
Standard status
Active
Size
431 SF
Property subtype
Residential Income
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
pool
spa
cabanas
rooftop bar
business center
concierge
gym
wi-fi
valet parking
EV charging stations
Building Details
Year Built
2008
Listing Agency:
Bressi Realty
(760) 470-2614
Listed By:
Tony Cannon · License #01318292
(760) 470-2614
Source:
Search.cochranrealestatepros
Added: May 15
Changed: Aug 29
Last Checked: Jul 14 at 4:52AM
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 Bressi Realty
Investment Insights
Based on property information with market context.
Suite 444 is a furnished hotel accommodation on the fourth floor of the Hard Rock Hotel at 207 5th Ave in San Diego. The layout includes a distinct living area with lounge seating, a king bed, two 47-inch flat-screen televisions, a multimedia system, a stocked minibar, and a walk-in glass shower with rainfall fixture.
Ownership includes up to 28 days of personal use each year, while the hotel operator manages bookings and property operations. The suite is positioned near the hotel’s pool, spa, cabanas, rooftop bar, business center, concierge, gym, valet service, and EV charging stations. The property is also located in the Gaslamp area near Petco Park, Comic-Con, Seaport Village, Nobu Restaurant, and Rady Shell. The purchase is cash-only, and owner occupancy is limited to 28 days annually.
Ownership includes up to 28 days of personal use each year, while the hotel operator manages bookings and property operations. The suite is positioned near the hotel’s pool, spa, cabanas, rooftop bar, business center, concierge, gym, valet service, and EV charging stations. The property is also located in the Gaslamp area near Petco Park, Comic-Con, Seaport Village, Nobu Restaurant, and Rady Shell. The purchase is cash-only, and owner occupancy is limited to 28 days annually.
Key Highlights
- Fourth‑floor Suite 444 at the Hard Rock Hotel
- Up to 28 days of owner use per year
- Separate living area with lounge seating and a king bed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,124
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$142,480
$142.5K
Cap Rate 7%
$101,771
$101.8K
Cap Rate 9%
$79,156
$79.2K
Market Conditions
NOI Build-Up for 431 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$13.7K $31.80/SF
− Vacancy
−$754 −$1.75/SF
EGI
$13.0K $30.05/SF
− OpEx
−$5.8K −$13.52/SF
NOI
$7.1K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$142,480
Cap Rate 7%
$101,771
Cap Rate 9%
$79,156
Alternative Uses
Best Use
Apartment 5plus
$101.8K
$89.1K – $118.7K
NOI $7,124 @ 7.0% cap · market cap 3.31%
Second Best
Hotel Hospitality
$37.9K
$33.2K – $44.2K
NOI $2,653 @ 7.0% cap · market cap 1.23%
Theoretical Best
Specialty Retail
$170.2K
$149.0K – $198.6K
NOI $11,916 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
9,046
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Fully furnished hospitality suite with separate lounge, king bed, and hotel-managed operations.
Where is this hotel located?
The property is located at 207 5th Avenue San Diego CA 92101 San Diego, CA.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Fourth‑floor Suite 444 at the Hard Rock Hotel; Up to 28 days of owner use per year; Separate living area with lounge seating and a king bed
