San Diego Retail Auto
For Sale
$2,500,000
4491 Park Boulevard, San Diego, CA 92116
Retail auto repair facility with long-term tenant until 2030.
Property Size3,396 SF
Lot Size0.17 Acres
Price / SF$736.16
Days on Market123
Property Features for 4491 Park Boulevard
General Information
Standard status
Active
Size
3,396 SF
Lot size
0.17 Acres
Property subtype
Commercial
Listing Agency:
Coldwell Banker Commercial Rea
(951) 226-5454
Listed By:
Steven Thompson (steven.thompson@cbcinland.com) · License #01963261
Source:
Mrmurrieta
Added: Apr 24
Changed: Aug 23
Last Checked: Aug 23 at 9:18AM
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 Coldwell Banker Commercial Rea
Investment Insights
Based on property information with market context.
Located on Park Blvd. in San Diego, this retail auto repair facility encompasses approximately 3,396 square feet and is situated on a lot of approximately 0.17 acres. The property has housed a tenant operating since 2005, with a lease secured until June 30, 2030. The lease includes annual rent increases. Environmental inspections were conducted in 2002 and cleared all investigations. The location on Park Blvd. is a high-traffic area. The property is very bikeable with a bike score of 75, very walkable with a walk score of 88, and has good transit with a transit score of 50.
Key Highlights
- Long‑term tenant in place since 2005 with lease secured through June 30, 2030, providing a stable income stream.
- Located on high‑traffic Park Blvd. in San Diego, offering excellent visibility and accessibility.
- Annual rent increases built into the lease, ensuring steady income growth.
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
$81,976
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
3.28%
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%
$1,639,520
$1.6M
Cap Rate 7%
$1,171,086
$1.2M
Cap Rate 9%
$910,844
$910.8K
Market Conditions
NOI Build-Up for 3,396 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
$122.3K $36.00/SF
− Vacancy
−$5.1K −$1.52/SF
EGI
$117.1K $34.48/SF
− OpEx
−$35.1K −$10.35/SF
NOI
$82.0K $24.14/SF
Area
San Diego, CA
Vacancy
4.21%
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%
$1,639,520
Cap Rate 7%
$1,171,086
Cap Rate 9%
$910,844
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.37M
NOI $81,976 @ 7.0% cap · market cap 3.28%
Second Best
Industrial
$573.7K
$502.0K – $669.4K
NOI $40,162 @ 7.0% cap · market cap 1.61%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,893 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,832
Businesses Nearby
87k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 29%
Dining 16%
Hotels & Casinos 9%
Sprouts Farmers Market
Groceries
25,356 visits/mo
0.4 miles
ARCO
Shops & Services
14,415 visits/mo
0.5 miles
Chevron
Shops & Services
9,981 visits/mo
0.4 miles
7-Eleven
Shops & Services
8,241 visits/mo
0.3 miles
Sheraton Mission Valley San Diego
Hotels & Casinos
7,648 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in San Diego, CA
Questions? Ask Rey
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Similar Off Market Nearby
- Hartsfield — 4009 Park Blvd #34, San Diego, CA 92103
- AHQ Towing — 3932 9th ave, san diego, ca 92103
- Red Towing's — 1288 cleveland ave, san diego, ca 92103
- Eli Vigderson European Car Repair — 820 University Ave, San Diego, CA 92103
- S.D Towing — 1810 University Ave, San Diego, CA 92103
Frequently Asked Questions
What type of property is this?
Auto shop - Retail auto repair facility with long-term tenant until 2030.
Where is this auto shop located?
The property is located at 4491 Park Boulevard San Diego, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Long‑term tenant in place since 2005 with lease secured through June 30, 2030, providing a stable income stream.; Located on high‑traffic Park Blvd. in San Diego, offering excellent visibility and accessibility.; Annual rent increases built into the lease, ensuring steady income growth.
