Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3807 Fairmount Ave San Diego, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Neighborhood shopping center in San Diego's City Heights area.

    Type:RETAIL
    Property size:
    1,192 SF
    Lot size:
    5.99 Acres
    Added:
    Aug 14, 2023
    Days on Market:
    989
    Last Refresh:
    Apr 5 at 11:25 pm

    Property Features for 3807 Fairmount Ave

    General Information

    Standard status
    Active
    Size
    1,192 SF
    Lot size
    5.99 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3807 Fairmount Ave Contact us

    We can help!

    Listing Contact
    Matt Magnaghi

    Listing agent Matt Magnaghi

    Listing office Kimco Realty - Tustin

    Listing date Aug 14, 2023

    Source Moodyscre

    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 Kimco Realty - Tustin

    Overview

    City Heights Retail Space Available

    City Heights Shopping Center is a neighborhood retail property located in San Diego, California. Situated at the southeast corner of University Avenue and Fairmont Avenue, the property is located in the dense City Heights neighborhood. The property offers 1192 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    LE Physician NGUYEN Physician San Diego Vision ... Physician Kelvin Nguyen, OD Physician Jacquelin Le, OD Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Similar Places Nearby

    • Asia Business Center — 4660 El Cajon Blvd, San Diego, CA 92115
    • Chinatown Plaza — 4682 University Ave, San Diego, CA 92105
    • Coinstar Kiosk | Bitcoin ATM — Bodega Latina, 4421 University Ave, San Diego, CA 92105
    • CoinMover Bitcoin ATM — 4404 University Ave, San Diego, CA 92105
    • City Heights Center — 3830-3950 42nd St, San Diego, CA 92105

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.101
    Latitude
    32.7479

    Nearby Similar for Lease

    • $850/Mo

      Pacific Beach Furnished Office Space

      Furnished office spaces available in Pacific Beach with included amenities.
      4526 CASS St, San Diego, CA 92109
      View Details
    • $350/Mo

      SmartSpace: Office and Art Gallery

      Office space in an art gallery with collaborative environment.
      4455 Murphy Canyon Road Suite 100, San Diego, CA 92123
      View Details
    • Contact for pricing

      CA, San Diego - Camino del Rio N

      2650 Camino Del Rio, San Diego, CA 92108
      View Details
    • Contact for pricing

      CA, San Diego - 770 First Avenue

      770 1St Ave, Unit 250, San Diego, CA 92101
      View Details
    • Contact for pricing

      Spaces University Town Center

      4660 La Jolla Village Dr, San Diego, CA 92122
      View Details
    • Contact for pricing

      Mission Valley - Stonecrest

      9655 Granite Ridge Dr, Unit 200, San Diego, CA 92123
      View Details
    • Contact for pricing

      Sunroad Corporate Center

      4445 Eastgate Mall, Unit 200, San Diego, CA 92121
      View Details
    • Contact for pricing

      Spaces Makers Quarter

      845 15Th St, San Diego, CA 92101
      View Details
    • Contact for pricing

      One Pacific Heights

      9920 Pacific Heights Blvd, Unit 150, San Diego, CA 92121
      View Details
    • Contact for pricing

      Liberty Station

      2305 Historic Decatur Rd, Unit 100, San Diego, CA 92106
      View Details
    • Contact for pricing

      501 W. Broadway

      501 Broadway, Unit 800, San Diego, CA 92101
      View Details
    • Contact for pricing

      Mission Valley

      3111 Camino Del Rio, Unit 400, San Diego, CA 92108
      View Details

    FAQs

    What type of property is this?
    Shopping center - Neighborhood shopping center in San Diego's City Heights area.
    Where is this shopping center located?
    The property is located at 3807 Fairmount Ave San Diego, CA.
    What are key features of this property?
    This property features: Located in a dense, infill trade area (City Heights); Neighborhood shopping center; Located in San Diego, California
    (949) 252-3874 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Matt Magnaghi
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!