Office Suite with Open
New
For Sale
Contact for pricing
3047-205 University Ave, San Diego, CA 92104
The commercial-only suite has a sink area with cabinetry and shelving for everyday use.
Property Size400 SF
Price / SF$2.49
Days on Market2
Property Features for 3047-205 University Ave
General Information
Standard status
Active
Size
400 SF
Property subtype
Commercial
Site & Location
Neighborhood
North Park
Listing Agency:
Harland Realty
Listed By:
Kayvon K Homayoun kayvon@harlandpm.com
Source:
Findhomesinsandiegoarea
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:26PM
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 Harland Realty
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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.
This 400-square-foot office suite features an open floor plan, hard-surface flooring, white walls and overhead lighting. Two large windows bring natural light into the workspace. A sink area is fitted with a wood-tone counter, cabinets, a drawer and open shelving. Residential occupancy is not permitted; business use must be allowed for the property.
The suite is at 3047-205 University Ave in San Diego’s North Park area.
The suite is at 3047-205 University Ave in San Diego’s North Park area.
Key Highlights
- 400‑square‑foot office suite with an open layout
- Two large windows provide natural light
- Sink area with wood‑tone countertop, cabinets, drawer and open shelving
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,722
Suggested Prices Based on Cap Rates
Cap Rate 5%
$154,440
$154.4K
Cap Rate 7%
$110,314
$110.3K
Cap Rate 9%
$85,800
$85.8K
Market Conditions
NOI Build-Up for 400 SF
Gross rent
$12.0K $30.00/SF
− Vacancy
−$1.7K −$4.26/SF
EGI
$10.3K $25.74/SF
− OpEx
−$2.6K −$6.44/SF
NOI
$7.7K $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%
$154,440
Cap Rate 7%
$110,314
Cap Rate 9%
$85,800
Alternative Uses
Best Use
Office B
$110.3K
$96.5K – $128.7K
NOI $7,722 @ 7.0% cap · market cap 776.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$158.0K
$138.2K – $184.3K
NOI $11,059 @ 7.0% cap · market cap 1,111.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,667
Businesses Nearby
Explore this area
Business Placement
Demographics for 92104, CA
44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office unit - The commercial-only suite has a sink area with cabinetry and shelving for everyday use.
Where is this office unit located?
The property is located at 3047-205 University Ave San Diego, CA.
What are key features of this property?
This property features: 400‑square‑foot office suite with an open layout; Two large windows provide natural light; Sink area with wood‑tone countertop, cabinets, drawer and open shelving
