Creative Office in Little
For Sale
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2483 Kettner Boulevard, San Diego, CA 92101
Creative office space in the heart of Little Italy.
Property Size1,610 SF
Price / SF$652.17
Days on Market676
Property Features for 2483 Kettner Boulevard
General Information
Standard status
Active
Size
1,610 SF
Property subtype
Office
Building Details
Year Built
2007
Stories
3
Listing Agency:
Voit Real Estate Services San Diego
Listed By:
Garrett Fena · License #01919122
Source:
Crexi
Added: Dec 10, 2024
Changed: Oct 12
Last Checked: Oct 16 at 8:32AM
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 Voit Real Estate Services San Diego
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located on Kettner Boulevard, this approximately 1,610 square foot creative office unit is situated in the heart of Little Italy. The property benefits from walkable amenities and proximity to the neighborhood's offerings. The property has potential for a live/work option.
Key Highlights
- Located in the heart of Little Italy with walkable amenities.
- Approximately 1,610 SF creative office unit.
- Potential for live/work option.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,081
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,620
$621.6K
Cap Rate 7%
$444,014
$444.0K
Cap Rate 9%
$345,344
$345.3K
Market Conditions
NOI Build-Up for 1,610 SF
Gross rent
$48.3K $30.00/SF
− Vacancy
−$6.9K −$4.26/SF
EGI
$41.4K $25.74/SF
− OpEx
−$10.4K −$6.44/SF
NOI
$31.1K $19.31/SF
Area
San Diego, CA
Vacancy
14.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$621,620
Cap Rate 7%
$444,014
Cap Rate 9%
$345,344
Alternative Uses
Best Use
Mixed Use
$444.4K
$388.8K – $518.4K
NOI $31,105 @ 7.0% cap · market cap 2.96%
Second Best
Office B
$444.0K
$388.5K – $518.0K
NOI $31,081 @ 7.0% cap · market cap 2.96%
Theoretical Best
Specialty Retail
$635.9K
$556.4K – $741.9K
NOI $44,513 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,429
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Creative space - Creative office space in the heart of Little Italy.
Where is this creative space located?
The property is located at 2483 Kettner Boulevard San Diego, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Located in the heart of Little Italy with walkable amenities.; Approximately 1,610 SF creative office unit.; Potential for live/work option.
