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    2232 Encinitas Blvd Encinitas, CA 92024

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    For Sale
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    Prime commercial property in Encinitas with high traffic exposure.

    Type:Land, Special Purpose
    Property size:
    7,579 SF
    Lot size:
    0.55 Acres
    Added:
    Aug 1, 2023
    Days on Market:
    992
    Last Refresh:
    Mar 25 at 8:17 am

    Property Features for 2232 Encinitas Blvd

    General Information

    Standard status
    Active
    Size
    7,579 SF
    Lot size
    0.55 Acres
    Property subtype
    Land, Special Purpose

    We can help!

    Listing Contact
    Jeff Kane

    Listing agent Jeff Kane License #CA

    Listing office COLDWELL BANKER COMMERCIAL WEST

    Listing date Aug 1, 2023

    Source Crexi

    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 COLDWELL BANKER COMMERCIAL WEST

    Overview

    Encinitas Blvd Commercial Opportunity

    Located in Encinitas, California, this commercial property offers a business opportunity on Encinitas Blvd. The property, with 7577 square feet of space on a 23,766 square foot parcel, is available for sale. Currently operating as a child care and educational facility with outdoor play areas, the building is well-maintained. Situated in an affluent area of North San Diego County, the location benefits from high drive-by traffic, with a daily count of over 22,000 cars. The current lease expires in approximately 2.5 years with a 5-year option on this NNN lease. The sale price is at a 4.5 CAP rate. The property is near the corner of Encinitas Blvd and Rancho Santa Fe Rd/Manchester Ave, across from Harvest Ranch Market. It is accessible from I-5 via the Encinitas Blvd exit heading east or the Manchester Ave exit heading east, then left on Encinitas Blvd. The property is suitable for various business opportunities, including a boutique retail outlet, a high-end restaurant, or a wellness center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bright Horizon High School The Academy at Bright Horizons Daycare Center

    Suggested Use

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

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

    Similar Places Nearby

    • Kids by the Sea Olivenhain — 2240 Encinitas Blvd # L, Encinitas, CA 92024
    • Encinitas Country Day School — 2155 Encinitas Blvd, Encinitas, CA 92024
    • Shantivanam Children's Community — 229 Cerro St, Encinitas, CA 92024
    • The Purposeful Preschool — Village Wood Rd, Encinitas, CA 92024
    • Study Hall USA — 2235 Encinitas Blvd, Encinitas, CA 92024

    Location Insight

    • Map
    • Local Demand
    City
    Encinitas
    County
    San Diego
    State
    California
    Longitude
    -117.2394283
    Latitude
    33.0382357

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    FAQs

    What type of property is this?
    Day care center - Prime commercial property in Encinitas with high traffic exposure.
    Where is this day care center located?
    The property is located at 2232 Encinitas Blvd Encinitas, CA.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: Prime location on Encinitas Blvd with high visibility and exceptional drive‑by traffic (22,000+ cars daily).; Substantial 7,577 sq ft building on a large 23,766 sq ft parcel.; Currently operating as a successful and well‑maintained child care/educational facility.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Kane
    Real Estate License ID: CA
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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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