Established Storefront
For Sale
Contact for pricing
4833 Santa Monica Avenue, San Diego, CA 92107
Commercial storefront property constructed in 1961 with approximately 6,786 square feet of space.
Property Size6,786 SF
Price / SF$707.34
Days on Market124
Property Features for 4833 Santa Monica Avenue
General Information
Standard status
Active
Size
6,786 SF
Class
A
Property subtype
Retail, Office, Special Purpose
Lease Type
Modified Gross
Investment Type
Net Lease
Building Details
Year Built
1961
Tenancy
Single
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3184
Listed By:
David Kern · License #01878012
Source:
Crexi
Added: Apr 30
Changed: Aug 31
Last Checked: Aug 31 at 2:56AM
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
Investment Insights
Based on property information with market context.
This storefront property comprises approximately 6,786 square feet and was constructed in 1961. The asset is located at 4833 Santa Monica Avenue in San Diego, California, within the 92107 ZIP code.
Key Highlights
- 6,786‑square‑foot storefront property
- Constructed in 1961
- Located at 4833 Santa Monica Avenue, San Diego, CA 92107
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
$163,808
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
3.41%
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%
$3,276,160
$3.3M
Cap Rate 7%
$2,340,114
$2.3M
Cap Rate 9%
$1,820,089
$1.8M
Market Conditions
NOI Build-Up for 6,786 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
$244.3K $36.00/SF
− Vacancy
−$10.3K −$1.52/SF
EGI
$234.0K $34.48/SF
− OpEx
−$70.2K −$10.35/SF
NOI
$163.8K $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%
$3,276,160
Cap Rate 7%
$2,340,114
Cap Rate 9%
$1,820,089
Alternative Uses
Best Use
Retail
$2.34M
$2.05M – $2.73M
NOI $163,808 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.68M
$2.35M – $3.13M
NOI $187,619 @ 7.0% cap · market cap 3.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,737
Businesses Nearby
63k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 37%
Dining 32%
Shops & Services 30%
Target
Superstores
23,539 visits/mo
0.1 miles
Jack in the Box
Dining
12,009 visits/mo
0.4 miles
Pizza Port
Dining
8,574 visits/mo
0.3 miles
Shell
Shops & Services
7,390 visits/mo
0.4 miles
Chase Bank
Shops & Services
5,000 visits/mo
0.0 miles
Demographics for 92107, CA
28,684
Population
14,658
Households
2
Avg Household Size
38
Median Age
62%
College-Educated
98%
High-School Grad
3.0 sq mi
ZIP Area
9,561
Density / Sq Mi
$107,262
Median Household Income
$61,936
Median Earnings
$2,208
Median Rent
$1,218,200
Median Home Value
Market
Vacancy Rate% for Retail in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront property constructed in 1961 with approximately 6,786 square feet of space.
Where is this storefront property located?
The property is located at 4833 Santa Monica Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: 6,786‑square‑foot storefront property; Constructed in 1961; Located at 4833 Santa Monica Avenue, San Diego, CA 92107
