Office Building with
For Sale
Contact for pricing
4470 Park Boulevard, San Diego, CA 92116
Flexible office property with CN-1-4 zoning and on-site surface parking in a walkable urban neighborhood.
Property Size14,594 SF
Price / SF$445.39
Days on Market64
Property Features for 4470 Park Boulevard
General Information
Standard status
Active
Size
14,594 SF
Class
C
Total Parking Spaces
33
Property subtype
Office
Zoning
CN-1-4
Investment Type
Redevelopment
Site & Location
Road Access
Yes
Public Transit
Yes
Building Details
Year Built
1958
Buildings
1
Listing Agency:
Urban Property Group, Inc.
Listed By:
Bill Shrader · License #CA 01033317
(858) 874-1989
Source:
Crexi
Added: Aug 12
Changed: Oct 13
Last Checked: Oct 12 at 9:06PM
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 Urban Property Group, Inc.
Investment Insights
Based on property information with market context.
This office property at 4470 Park Boulevard was built in 1958 and offers a flexible configuration suited to single-tenant or multi-tenant occupancy. The property includes 33 surface parking spaces and is located within a Transit Priority Area. CN-1-4 zoning supports high-density redevelopment and associated development incentives as described in the property information.
The building occupies Park Boulevard frontage in University Heights, with access to nearby dining, shopping, and local services. Its setting combines transit access with a walkable neighborhood environment and direct exposure along a prominent urban corridor.
The building occupies Park Boulevard frontage in University Heights, with access to nearby dining, shopping, and local services. Its setting combines transit access with a walkable neighborhood environment and direct exposure along a prominent urban corridor.
Key Highlights
- Office property with flexible single‑tenant or multi‑tenant configuration
- CN‑1‑4 zoning supports high‑density redevelopment
- 33 surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$281,737
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,634,740
$5.6M
Cap Rate 7%
$4,024,814
$4.0M
Cap Rate 9%
$3,130,411
$3.1M
Market Conditions
NOI Build-Up for 14,594 SF
Gross rent
$437.8K $30.00/SF
− Vacancy
−$62.2K −$4.26/SF
EGI
$375.6K $25.74/SF
− OpEx
−$93.9K −$6.44/SF
NOI
$281.7K $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%
$5,634,740
Cap Rate 7%
$4,024,814
Cap Rate 9%
$3,130,411
Alternative Uses
Best Use
Office B
$4.02M
$3.52M – $4.70M
NOI $281,737 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$5.76M
$5.04M – $6.72M
NOI $403,495 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,832
Businesses Nearby
Explore this area
Business Placement
Demographics for 92116, CA
31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
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
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Frequently Asked Questions
What type of property is this?
Office building - Flexible office property with CN-1-4 zoning and on-site surface parking in a walkable urban neighborhood.
Where is this office building located?
The property is located at 4470 Park Boulevard San Diego, CA.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: Office property with flexible single‑tenant or multi‑tenant configuration; CN‑1‑4 zoning supports high‑density redevelopment; 33 surface parking spaces
