Freestanding Commercial Building with
4521 University Ave. San Diego, CA 92105
4521 University Ave., San Diego, CA, 92105
$999,999
For Sale
$999,999
Freestanding building with 50 feet of frontage, secured rear yard, off-street parking, and about 13-foot clear height.
Property Size2,350 SF
Lot Size0.11 Acres
Price / SF$425.53
Days on Market288
Property Features for 4521 University Ave.
General Information
- Standard status
- Active
- Size
- 2,350 SF
- Lot size
- 0.11 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1951
Listing agency
Lee & Associates
(760) 929-9700
Listed by
Al Apuzzo · License #01323215
Source
Xome
Added: Oct 8, 2025 Updated: Jul 22 at 7:55AM Checked: Jul 22 at 7:55AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
Freestanding commercial building totaling approximately 2,350 square feet on an approximately 4,910 square foot lot, offering a warehouse portion with approximately 13-foot clear height. The property includes off-street parking and a secured rear yard. Prominent pylon signage supports visibility along the frontage.
Located on University Avenue in Central City Heights, the site provides approximately 50 feet of prominent frontage. Zoning is CC-5-4, allowing a wide variety of commercial and mixed-use applications. The property is within both HUBZone and Opportunity Zone. Average daily traffic counts are listed at 22,000 vehicles, with convenient access to major freeways and public transportation.
This owner-user and tenant-ready configuration also suits users considering retail, service, office, or light industrial uses consistent with the zoning and available space.
Located on University Avenue in Central City Heights, the site provides approximately 50 feet of prominent frontage. Zoning is CC-5-4, allowing a wide variety of commercial and mixed-use applications. The property is within both HUBZone and Opportunity Zone. Average daily traffic counts are listed at 22,000 vehicles, with convenient access to major freeways and public transportation.
This owner-user and tenant-ready configuration also suits users considering retail, service, office, or light industrial uses consistent with the zoning and available space.
Key Highlights
- Approximately 2,350 SF freestanding commercial building on an approximately 4,910 SF lot
- Approximately 50 feet of frontage along University Avenue in Central City Heights
- Zoned CC‑5‑4 for a wide variety of commercial and mixed‑use applications
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.6k | $36.00 |
| − Vacancy | −$3.4k | −$1.44 |
| EGI | $81.2k | $34.56 |
| − OpEx | −$24.4k | −$10.37 |
| NOI | $56.9k | $24.19 |
2,350 SF · lease $36.00/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$812.2K
$710.6K – $947.5K
NOI $56,851 @ 7.0% cap · market cap 5.69%
Second Best
Flex RnD
$530.0K
$463.8K – $618.3K
NOI $37,100 @ 7.0% cap · market cap 3.71%
Theoretical Best
Specialty Retail
$928.2K
$812.2K – $1.08M
NOI $64,973 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Edwards Building Repair
Hardware & Home Improvement
Similar For Sale Nearby
Similar Off Market Nearby
- Lagos Restaurant & Catering Services — 3727 University Ave, San Diego, CA 92105
- Chef Joann & Co. Bespoke Catering and Event Design — 4738 University Ave #3B, San Diego, CA 92104
- Tooligans mobile mechanics San diego — 3613 45th St, San Diego, CA 92105
- The Pizza Consultant — 3155 Glenfield St, San Diego, CA 92105
FAQs
What type of property is this?
Flex space - Freestanding building with 50 feet of frontage, secured rear yard, off-street parking, and about 13-foot clear height.
Where is this flex space located?
The property is located at 4521 University Ave. San Diego, CA.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Approximately 2,350 SF freestanding commercial building on an approximately 4,910 SF lot; Approximately 50 feet of frontage along University Avenue in Central City Heights; Zoned CC‑5‑4 for a wide variety of commercial and mixed‑use applications
