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    212 South Cedros Avenue Solana Beach, CA 92075

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    Retail center in North San Diego County's premier retail destination.

    Type:Retail
    Added:
    Nov 22, 2025
    Days on Market:
    149
    Last Refresh:
    Apr 5 at 9:05 pm

    Property Features for 212 South Cedros Avenue

    General Information

    Standard status
    Active
    Property subtype
    Retail

    We can help!

    Listing Contact
    Robert Gunness

    Listing agent Robert Gunness License #00943209

    Listing office CBRE

    Listing date Nov 22, 2025

    Source Cbre

    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 CBRE

    Overview

    Specialty Retail Center on Cedros

    This 16,702 square foot specialty retail center is anchored by West Elm. It is centrally located in North San Diego County’s premier retail destination. Cedros Avenue is ranked as one of the top 5 Main Streets in Southern California, offering great visibility and access. The property serves the affluent communities of Solana Beach, Del Mar, Rancho Santa Fe, and Encinitas/Cardiff. The location features an eclectic mix of retail, fashion, home decor, and entertainment options. It is directly across the street from the Belly Up. The Cedros Design District is home to original fashions, furniture, home decor, collectibles, and art. Cedros is also home to the world-famous Belly Up, which hosts top musical acts throughout the year. Culture Brewing and Carruth Cellars contribute to the area with their stylish tasting rooms. Cedros Avenue’s 2 1/2 blocks feature more than 85 one-of-a-kind shops, boutiques, and galleries, plus unique home and garden stores, making Cedros one of the top shopping destinations in San Diego County. The Cedros Avenue Design District is also home to many renowned architects, builders, designers, and interior decorators.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    west elm Furniture & Home Goods BluSandz Department Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Beachwalk Shopping Center — 437 Hwy 101, Solana Beach, CA 92075
    • Mercado del Sol Shopping Center — 731 Hwy 101, Solana Beach, CA 92075
    • Kim Alchemy Spa — 308 Hwy 101 #140, Solana Beach, CA 92075
    • Cedros Collective Mall — 435 S Cedros Ave, Solana Beach, CA 92075
    • Del Mar Corporate CenWay Point — 990 Highland Dr, Solana Beach, CA 92075

    Location Insight

    • Map
    • Local Demand
    City
    Solana Beach
    County
    San Diego
    State
    California
    Longitude
    -117.27
    Latitude
    32.9907

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    FAQs

    What type of property is this?
    Shopping center - Retail center in North San Diego County's premier retail destination.
    Where is this shopping center located?
    The property is located at 212 South Cedros Avenue Solana Beach, CA.
    What are key features of this property?
    This property features: Anchored by West Elm, a major retail draw.; Located on Cedros Avenue, ranked as a top 5 Main Street in Southern California.; High visibility and easy access on Cedros Avenue.
    (760) 438-8524
    We can help!
    Listing Contact
    Robert Gunness
    Real Estate License ID: 00943209
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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