Building Details

Year Built 1991

Year Renovated 1994

Buildings 2

Stories 1

Tenancy Multi

Listing Agency: CBRE - South Bay

Listed By: Bo Henderson · License #02148577 Show Phone

Source: Crexi

Added: Mar 26 Changed: Oct 7 Last Checked: Oct 16 at 6:04AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

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 / Yr

$272,796

Cap Rate

5.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,455,920 $5.5M

Cap Rate 7%

$3,897,086 $3.9M

Cap Rate 9%

$3,031,067 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,301 SF

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 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 (±1% cap)

NOI $272,796 @ 7.0% cap · market cap 5.31%

Second Best

Industrial

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,650 @ 7.0% cap · market cap 2.60%

Theoretical Best

Specialty Retail

$4.46M

$3.91M – $5.21M (±1% cap)

NOI $312,450 @ 7.0% cap · market cap 6.08%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Baja Duty Free Shopping Center & Mall TTT Towtruck Services Auto Repair Shop

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Electrical Service Catering Service Plumbing Service Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4.9% 2019

6% 2020

5.8% 2021

4.5% 2022

4.4% 2023

4.4% 2024

4.8% 2025

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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 $5,140,000.

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