Two-Story Medical Office
New
For Sale
$3,250,000
4710 Ruffner St, San Diego, CA 92111
Four first-floor suites include two vacant spaces, with each unit separately metered.
Property Size10,000 SF
Lot Size0.35 Acres
Price / SF$325
Days on Market2
Property Features for 4710 Ruffner St
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.35 Acres
Property subtype
Office Medical
Occupancy
57%
Site & Location
Neighborhood
Clairemont Mesa East
Utilities to Site
Yes
Additional Details
Asking Price
$3,250,000
Office Units
5
Tenant in Place
Yes
Property Use
Medical Office
Amenities
Owner-User Opportunity - Occupy the 1st floor (approx. 50% of the building) while the 2nd-floor leaseback offsets the cost of ownership.
3-Year Sale Leaseback - Perfect Smile Dental Ceramics leases back the entire 4,857 SF 2nd floor at $3.00/SF/mo, $206,908 per year incl. reimbursements
Central Kearny Mesa - Quick access to SR-163, I-805, I-15 and SR-52 in one of San Diego's tightest office submarkets (8.1% vacancy).
Building Details
Building Size
10,000 SF
Year Built
1975
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Marcus & Millichap | San Diego
Listed By:
Peter Eltaeb · License #License(s): CA: 02143936
(858) 373-3140
Source:
Marcusmillichap
Added: Nov 1
Last Checked: Nov 1 at 3:47PM
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 Marcus & Millichap | San Diego
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Investment Insights
Based on property information with market context.
This 10,000-square-foot medical office building has two stories and sits on a 0.35-acre parcel in San Diego. Built in 1975, it is configured with four suites on the first floor and a full-floor occupant on the second. Two first-floor suites are vacant; the other two are leased month-to-month, with one tenant scheduled to vacate upon closing. Each unit has separate metering.
Perfect Smile Dental Ceramics occupies the entire second floor and is expected to enter a three-year leaseback at closing. The property is in the Kearny Mesa submarket. Its reported pro forma cap rate is 7.01%.
Perfect Smile Dental Ceramics occupies the entire second floor and is expected to enter a three-year leaseback at closing. The property is in the Kearny Mesa submarket. Its reported pro forma cap rate is 7.01%.
Key Highlights
- 10,000‑square‑foot, two‑story medical office building on a 0.35‑acre parcel
- Built in 1975; located in San Diego’s Kearny Mesa submarket
- Four first‑floor suites, including two vacant spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,050
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,861,000
$3.9M
Cap Rate 7%
$2,757,857
$2.8M
Cap Rate 9%
$2,145,000
$2.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$42.6K −$4.26/SF
EGI
$257.4K $25.74/SF
− OpEx
−$64.4K −$6.44/SF
NOI
$193.1K $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 Rate 5%
$3,861,000
Cap Rate 7%
$2,757,857
Cap Rate 9%
$2,145,000
Alternative Uses
Best Use
Office B
$2.76M
$2.41M – $3.22M
NOI $193,050 @ 7.0% cap · market cap 5.94%
Second Best
Healthcare Medical
$2.51M
$2.20M – $2.93M
NOI $175,968 @ 7.0% cap · market cap 5.41%
Theoretical Best
Specialty Retail
$3.95M
$3.46M – $4.61M
NOI $276,480 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,645
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92111, CA
46,686
Population
17,624
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
88%
High-School Grad
8.5 sq mi
ZIP Area
5,492
Density / Sq Mi
$95,081
Median Household Income
$43,215
Median Earnings
$2,049
Median Rent
$754,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Diego, CA
Similar Off Market Nearby
- Balboa Pet Pharmacy — 6465 Balboa Ave Suite 102, San Diego, CA 92111
- Balboa Veterinary Hospital — 7931 Balboa Ave, San Diego, CA 92111
- Shaprut Avi DVM — 7677 ronson rd # 100, san diego, ca 92111
- Julianna Wilcox - Kearny Mesa Veterinary Center — 7677 Ronson Rd Suite 100, San Diego, CA 92111
- Vanessa Hoard - Kearny Mesa Veterinary Center — 7677 Ronson Rd Suite 100, San Diego, CA 92111
Frequently Asked Questions
What type of property is this?
Medical Office Space - Four first-floor suites include two vacant spaces, with each unit separately metered.
Where is this medical office space located?
The property is located at 4710 Ruffner St San Diego, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 10,000‑square‑foot, two‑story medical office building on a 0.35‑acre parcel; Built in 1975; located in San Diego’s Kearny Mesa submarket; Four first‑floor suites, including two vacant spaces
