Remodeled Office Condo For
For Sale
$458,500
Pending
4540 Kearny Villa Road 111, San Diego, CA 92123
Premium 904 SF office condo in Landmark Centre.
Property Size904 SF
Days on Market364
Property Features for 4540 Kearny Villa Road 111
General Information
Standard status
Pending
Size
904 SF
Property subtype
Commercial/Industrial
Listing Agency:
Acquire Mortgage & Real Estate
(760) 402-0555
Listed By:
Levi Seligman · License #01936432
(760) 402-0555
Source:
Exitrealty
Added: Aug 31, 2025
Changed: Aug 23
Last Checked: Jul 23 at 3:41AM
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 Acquire Mortgage & Real Estate
Investment Insights
Based on property information with market context.
Landmark Centre is a 2-story office building located at 4540 Kearny Villa Rd Ste, San Diego, Ca 92123. The property is strategically located in the commercial hub that exists within the highway triangle of CA-163, I-805 & CA-52, a regional destination for office space, entrepreneurs and small business owners. The commercial zoning designation is flexible, opening options for retail or office users & light medical. Landmark Centre Condo #111 is a premium 904 square foot ground floor unit and has been remodeled with new flooring, paint, & quartz counters. The condo is currently leased month to month, presenting the chance for a user to customize the space to meet their business needs, or for an investor looking for their piece of this sought after market area. The private restroom & kitchenette makes this unit perfect for hosting clients.
Key Highlights
- Strategic location within the CA‑163, I‑805 & CA‑52 highway triangle.
- Flexible commercial zoning suitable for retail, office, or light medical use.
- Remodeled 904 square foot ground floor unit with new flooring, paint, & quartz counters.
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
$17,452
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
3.81%
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%
$349,040
$349.0K
Cap Rate 7%
$249,314
$249.3K
Cap Rate 9%
$193,911
$193.9K
Market Conditions
NOI Build-Up for 904 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
$27.1K $30.00/SF
− Vacancy
−$3.9K −$4.26/SF
EGI
$23.3K $25.74/SF
− OpEx
−$5.8K −$6.44/SF
NOI
$17.5K $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 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%
$349,040
Cap Rate 7%
$249,314
Cap Rate 9%
$193,911
Alternative Uses
Best Use
Office B
$249.3K
$218.2K – $290.9K
NOI $17,452 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$357.1K
$312.4K – $416.6K
NOI $24,994 @ 7.0% cap · market cap 5.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,834
Businesses Nearby
Explore this area
Business Placement
Demographics for 92123, CA
30,937
Population
13,108
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
3,597
Density / Sq Mi
$121,856
Median Household Income
$55,111
Median Earnings
$2,798
Median Rent
$799,600
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Premium 904 SF office condo in Landmark Centre.
Where is this office units located?
The property is located at 4540 Kearny Villa Road 111 San Diego, CA.
What is the asking price?
The asking price for this property is $458,500.
What are key features of this property?
This property features: Strategic location within the CA‑163, I‑805 & CA‑52 highway triangle.; Flexible commercial zoning suitable for retail, office, or light medical use.; Remodeled 904 square foot ground floor unit with new flooring, paint, & quartz counters.
