Corner-Lot Mixed-Use
For Sale
$900,000
3275 Euclid, San Diego, CA 92105
COMMERCIAL - San Diego, CA
Property Size1,380 SF
Lot Size0.11 Acres
Price / SF$652.17
Days on Market47
Property Features for 3275 Euclid
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Parking features
Other
Lot features
Corner
Subdivision
EAST SAN DIEGO (92105)
Standard status
Active
APN
476-241-01-00
Lot size
0.11 Acres
Utilities
Cooling system
Wall/Window Unit(s)
Building Details
Floors in Building
1
Number of units
1
Flooring type
Slab
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Karla L Mexia · License #02136510
(619) 419-6619
Added: Jul 7
Changed: Aug 6
Last Checked: Aug 22 at 3:06PM
MLS# 260016413
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,380-square-foot mixed-use property occupies a 4,802-square-foot corner lot and includes a commercial storefront suitable for retail, office, medical, or creative use. Separate entrances support distinct business operations and residential or private access, while the property’s dual-address identity provides two street-facing points of access at 3275 Euclid Ave and 4769 Thorn St. The building has slab flooring and wall/window unit cooling.
The property sits along a transit corridor within San Diego’s Islenair Historic District. It is identified as 3275 Euclid, San Diego, California 92105, and is offered in as-is condition. Buyers should independently confirm zoning capabilities, use restrictions, and applicable historic-district guidelines with the City of San Diego.
The property sits along a transit corridor within San Diego’s Islenair Historic District. It is identified as 3275 Euclid, San Diego, California 92105, and is offered in as-is condition. Buyers should independently confirm zoning capabilities, use restrictions, and applicable historic-district guidelines with the City of San Diego.
Key Highlights
- 1,380 SF mixed‑use property on a 4,802 SF corner lot
- Commercial storefront suited to retail, office, medical, or creative use
- Separate entrances for business operations and residential/private access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,385
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$667,700
$667.7K
Cap Rate 7%
$476,929
$476.9K
Cap Rate 9%
$370,944
$370.9K
Market Conditions
NOI Build-Up for 1,380 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$49.7K $36.00/SF
− Vacancy
−$2.0K −$1.44/SF
EGI
$47.7K $34.56/SF
− OpEx
−$14.3K −$10.37/SF
NOI
$33.4K $24.19/SF
Area
ZIP 92105
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$667,700
Cap Rate 7%
$476,929
Cap Rate 9%
$370,944
Alternative Uses
Best Use
Retail
$476.9K
$417.3K – $556.4K
NOI $33,385 @ 7.0% cap · market cap 3.71%
Second Best
Office B
$373.7K
$327.0K – $436.0K
NOI $26,160 @ 7.0% cap · market cap 2.91%
Theoretical Best
Specialty Retail
$545.1K
$476.9K – $635.9K
NOI $38,154 @ 7.0% cap · market cap 4.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
509
Businesses Nearby
Explore this area
Business Placement
Demographics for 92105, CA
66,579
Population
23,862
Households
2.8
Avg Household Size
34
Median Age
21%
College-Educated
71%
High-School Grad
5.8 sq mi
ZIP Area
11,479
Density / Sq Mi
$65,174
Median Household Income
$34,469
Median Earnings
$1,687
Median Rent
$593,800
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile storefront property with separate business and private-access entrances in a transit-oriented commercial setting.
Where is this mixed-use property located?
The property is located at 3275 Euclid San Diego, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 1,380 SF mixed‑use property on a 4,802 SF corner lot; Commercial storefront suited to retail, office, medical, or creative use; Separate entrances for business operations and residential/private access
