NNN Retail
For Sale
Contact for pricing
4590 Border Village Rd, San Diego, CA 92173
San Diego asset with two named retail occupants, CC-3-4 zoning, and 10-year lease extensions.
Property Size11,301 SF
Price / SF$546.41
Days on Market160
Property Features for 4590 Border Village Rd
General Information
Standard status
Active
Size
11,301 SF
Total Parking Spaces
40
Property subtype
Retail
Zoning
CC-3-4
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$359,824
Building Details
Year Built
1991
Year Renovated
1994
Buildings
2
Stories
1
Tenancy
Multi
Listing Agency:
CBRE - South Bay
(310) 892-5644
Listed By:
Patrick Wade · License #CA 01454690
Source:
Crexi
Added: Mar 26
Changed: Aug 30
Last Checked: Aug 31 at 5:22PM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
This NNN commercial property contains 11,301 square feet and was built in 1991. The asset is associated with O'Reilly Auto Parts and Baja Duty Free, with 10-year lease extensions identified in the property information. CC-3-4 zoning provides the stated land-use designation.
Located at 4590 Border Village Rd in San Diego, CA 92173, the property is positioned in the Border Village area. Its combination of established retail occupants, documented lease extensions, and NNN structure provides a clearly defined commercial profile for review.
Located at 4590 Border Village Rd in San Diego, CA 92173, the property is positioned in the Border Village area. Its combination of established retail occupants, documented lease extensions, and NNN structure provides a clearly defined commercial profile for review.
Key Highlights
- 11,301‑square‑foot NNN commercial property
- Associated with O'Reilly Auto Parts and Baja Duty Free
- 10‑year lease extensions identified
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
$272,796
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
4.42%
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%
$5,455,920
$5.5M
Cap Rate 7%
$3,897,086
$3.9M
Cap Rate 9%
$3,031,067
$3.0M
Market Conditions
NOI Build-Up for 11,301 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
$406.8K $36.00/SF
− Vacancy
−$17.1K −$1.52/SF
EGI
$389.7K $34.48/SF
− OpEx
−$116.9K −$10.35/SF
NOI
$272.8K $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%
$5,455,920
Cap Rate 7%
$3,897,086
Cap Rate 9%
$3,031,067
Alternative Uses
Best Use
Retail
$3.90M
$3.41M – $4.55M
NOI $272,796 @ 7.0% cap · market cap 4.42%
Second Best
Industrial
$1.91M
$1.67M – $2.23M
NOI $133,650 @ 7.0% cap · market cap 2.16%
Theoretical Best
Specialty Retail
$4.46M
$3.91M – $5.21M
NOI $312,450 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,181
Businesses Nearby
328k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 37%
Dining 30%
Shops & Services 28%
Groceries 3%
Nike Factory Store
Apparel
56,931 visits/mo
0.4 miles
Jack in the Box
Dining
54,811 visits/mo
0.5 miles
Marshalls
Apparel
23,583 visits/mo
0.3 miles
Bank of America
Shops & Services
19,105 visits/mo
0.4 miles
Levi's Outlet Store
Apparel
18,569 visits/mo
0.4 miles
Demographics for 92173, CA
29,703
Population
8,190
Households
3.6
Avg Household Size
33
Median Age
11%
College-Educated
63%
High-School Grad
2.9 sq mi
ZIP Area
10,242
Density / Sq Mi
$65,865
Median Household Income
$34,734
Median Earnings
$1,588
Median Rent
$521,800
Median Home Value
Market
Vacancy Rate% for Retail in San Diego, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - San Diego asset with two named retail occupants, CC-3-4 zoning, and 10-year lease extensions.
Where is this nnn property located?
The property is located at 4590 Border Village Rd San Diego, CA.
What is the asking price?
The asking price for this property is $6,175,000.
What are key features of this property?
This property features: 11,301‑square‑foot NNN commercial property; Associated with O'Reilly Auto Parts and Baja Duty Free; 10‑year lease extensions identified
