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    National City Mixed-Use Development Opportunity Title is generated by Realmo AI

    2641 E 18th Street 45, National City, CA 91950

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    Claim this Listing
    Pending
    $899,999

    Commercial Sale - National City, CA

    Property size:
    19,738 SF
    Lot size:
    0.45 Acres
    Added:
    Dec 9, 2025
    Days on Market:
    155
    Last Refresh:
    May 13 at 6:06 am

    Property Features for 2641 E 18th Street 45

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial, Residential, MXC-1
    Standard status
    Pending
    APN
    5582001900
    Size
    19,738 SF
    Lot size
    0.45 Acres

    Building Details

    Year built
    1924
    Architectural style
    Other

    We can help!

    Listing Contact
    Francia Castro

    Listing agent Francia Castro License #02036509

    Listing office eXp Realty of California, Inc. 2603 Camino Ramon Suite 200, San Ramon, CA

    Listing date Dec 9, 2025

    MLS# PTP2509050 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial zoning allows for mixed‑use development up to 38,000 sq ft or residential‑only up to 19,000 sq ft.
    • Potential to build up to 4 stories or 50 ft high.
    • Opportunity to build 3 additional units under SB1211.
    • Three existing units provide immediate rental income potential.
    • Live in one unit and rent the other two.
    • Includes two storage sheds.

    Overview

    This property presents an investment opportunity with three units situated on a single lot. The zoning is commercial, offering potential for various uses. Unit 1 is a detached, approximately 800-square-foot home featuring 2 bedrooms, 1 bathroom, and a basement. Unit 2 is approximately 500 square feet with 1 bedroom and 1 bathroom, while Unit 3 offers approximately 680 square feet, also with 1 bedroom and 1 bathroom. Two storage sheds are included in the sale. The property is zoned commercial, allowing developers to build up to 38,000 square feet of mixed-use space or up to 19,000 square feet for residential use only. Buildings can reach up to 4 stories or 50 feet in height. Additionally, the buyer may be able to build 3 additional units under SB1211 due to the existing 3 units. The property is located in National City, CA, within the 91950 postal code and San Diego County. The lot size is 19738 Square Feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    National City
    County
    San Diego
    State
    California
    Longitude
    -117.07632
    Latitude
    32.675358

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    FAQs

    What type of property is this?
    Multifamily property - Three units on a commercially zoned lot for sale.
    Where is this multifamily property located?
    The property is located at 2641 E 18th Street 45 National City, CA.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: Commercial zoning allows for mixed‑use development up to 38,000 sq ft or residential‑only up to 19,000 sq ft.; Potential to build up to 4 stories or 50 ft high.; Opportunity to build 3 additional units under SB1211.
    (888) 584-9427
    We can help!
    Listing Contact
    Francia Castro
    Real Estate License ID: 02036509
    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.

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