Ground Floor Office
For Sale
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4455 Morena Boulevard Suite 115, San Diego, CA 92117
Office suite available for sale or lease in Morena.
Property Size968 SF
Price / SF$449.38
Days on Market893
Property Features for 4455 Morena Boulevard Suite 115
General Information
Standard status
Active
Size
968 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Tenancy
Single
Listing Agency:
Voit Real Estate Services San Diego
Listed By:
Garrett Fena · License #01919122
Source:
Crexi
Added: May 14, 2024
Changed: Oct 19
Last Checked: Oct 20 at 7:02PM
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 Voit Real Estate Services San Diego
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Investment Insights
Based on property information with market context.
Located at 4455 Morena Boulevard, this ground floor office suite is available for sale or lease. The 968 square foot unit is situated in the Morena submarket within a well-maintained office building.
Key Highlights
- Ground floor office suite
- Located in the highly desirable Morena submarket
- Available for lease or sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,687
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$373,740
$373.7K
Cap Rate 7%
$266,957
$267.0K
Cap Rate 9%
$207,633
$207.6K
Market Conditions
NOI Build-Up for 968 SF
Gross rent
$29.0K $30.00/SF
− Vacancy
−$4.1K −$4.26/SF
EGI
$24.9K $25.74/SF
− OpEx
−$6.2K −$6.44/SF
NOI
$18.7K $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%
$373,740
Cap Rate 7%
$266,957
Cap Rate 9%
$207,633
Alternative Uses
Best Use
Office B
$267.0K
$233.6K – $311.5K
NOI $18,687 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$382.3K
$334.5K – $446.1K
NOI $26,763 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
920
Businesses Nearby
Explore this area
Business Placement
Demographics for 92117, CA
51,505
Population
21,706
Households
2.4
Avg Household Size
40
Median Age
51%
College-Educated
91%
High-School Grad
8.7 sq mi
ZIP Area
5,920
Density / Sq Mi
$105,286
Median Household Income
$58,135
Median Earnings
$2,115
Median Rent
$914,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office unit - Office suite available for sale or lease in Morena.
Where is this office unit located?
The property is located at 4455 Morena Boulevard Suite 115 San Diego, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: Ground floor office suite; Located in the highly desirable Morena submarket; Available for lease or sale
