Two-Story Retail Suites with Exterior
For Sale
Contact for pricing
2725 Shelter Island Dr, San Diego, CA 92106
Elevator-served two-story retail suites with individual exterior entrances along Shelter Island Drive, backed by nearby public parking.
Property Size10,858 SF
Price / SF$640.08
Days on Market159
Property Features for 2725 Shelter Island Dr
General Information
Standard status
Active
Size
10,858 SF
Property subtype
RETAIL
Zoning
CV-1-2
Site & Location
Neighborhood
La Playa
Building Details
Stories
2
Tenancy
Multi
Listing Agency:
Lee & Associates | North San Diego County
(760) 929-9700
Listed By:
Jeff Abramson · License #00956805
(760) 505-5301
Source:
Moodyscre
Added: May 25
Changed: Oct 25
Last Checked: Oct 28 at 12:30PM
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 Lee & Associates | North San Diego County
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Investment Insights
Based on property information with market context.
Ground-floor retail and commercial suites offer individual exterior entrances, with an elevator-served, two-story configuration. The property is set up for storefront-level access and supports prominent signage and strong street presence.
The building is located on prime frontage along Shelter Island Drive, the gateway to San Diego Harbor. Adjacent public parking includes 80+ free spaces plus Port Authority metered parking. The property is walkable to marinas, yacht clubs, hotels, restaurants, and waterfront amenities.
Flexible CV-1-2 Commercial Visitor zoning provides additional leasing adaptability for compatible retail and commercial uses.
The building is located on prime frontage along Shelter Island Drive, the gateway to San Diego Harbor. Adjacent public parking includes 80+ free spaces plus Port Authority metered parking. The property is walkable to marinas, yacht clubs, hotels, restaurants, and waterfront amenities.
Flexible CV-1-2 Commercial Visitor zoning provides additional leasing adaptability for compatible retail and commercial uses.
Key Highlights
- Prime frontage along Shelter Island Drive, the gateway to San Diego Harbor
- Adjacent public parking: 80+ free spaces plus Port Authority metered parking
- Ground‑floor retail/commercial suites with individual exterior entrances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$262,102
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,242,040
$5.2M
Cap Rate 7%
$3,744,314
$3.7M
Cap Rate 9%
$2,912,244
$2.9M
Market Conditions
NOI Build-Up for 10,858 SF
Gross rent
$390.9K $36.00/SF
− Vacancy
−$16.5K −$1.52/SF
EGI
$374.4K $34.48/SF
− OpEx
−$112.3K −$10.35/SF
NOI
$262.1K $24.14/SF
Area
San Diego, CA
Vacancy
4.21%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,242,040
Cap Rate 7%
$3,744,314
Cap Rate 9%
$2,912,244
Alternative Uses
Best Use
Retail
$3.74M
$3.28M – $4.37M
NOI $262,102 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.29M
$3.75M – $5.00M
NOI $300,202 @ 7.0% cap · market cap 4.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,578
Businesses Nearby
101k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 29%
Hotels & Casinos 18%
Starbucks
Dining
16,466 visits/mo
0.5 miles
Better Buzz Coffee Roasters
Dining
14,596 visits/mo
0.4 miles
Shell
Shops & Services
11,069 visits/mo
0.4 miles
Jack in the Box
Dining
9,408 visits/mo
0.3 miles
Denny's
Dining
7,827 visits/mo
0.5 miles
Demographics for 92106, CA
20,214
Population
7,908
Households
2.6
Avg Household Size
39
Median Age
63%
College-Educated
97%
High-School Grad
5.7 sq mi
ZIP Area
3,546
Density / Sq Mi
$127,209
Median Household Income
$55,428
Median Earnings
$2,231
Median Rent
$1,359,000
Median Home Value
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Market
Vacancy Rate% for Retail in San Diego, CA
Similar Off Market Nearby
- Point Loma Village Florist — 3021 Cañon St, San Diego, CA 92106
- Little House of Flowers - Point Loma — 1017 Rosecrans St, San Diego, CA 92106
- SPKY Florist — 2826 Cañon St, San Diego, CA 92106
Frequently Asked Questions
What type of property is this?
Storefront property - Elevator-served two-story retail suites with individual exterior entrances along Shelter Island Drive, backed by nearby public parking.
Where is this storefront property located?
The property is located at 2725 Shelter Island Dr San Diego, CA.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Prime frontage along Shelter Island Drive, the gateway to San Diego Harbor; Adjacent public parking: 80+ free spaces plus Port Authority metered parking; Ground‑floor retail/commercial suites with individual exterior entrances
