Mixed-Use Asset on High-Traffic
6172-6196 University Ave, San Diego, CA 92115
Retail/mixed-use property with upside potential near transit.
Type:Retail, Multifamily, Industrial, Mixed Use
Property size:
20,934 SFPrice / SF:
$286/SF- Added:
- May 9, 2026
- Days on Market:
- 22
- Last Refresh:
- May 14 at 9:19 pm
Property Features for 6172-6196 University Ave
General Information
- Standard status
- Active
- Size
- 20,934 SF
- Property subtype
- Retail, Multifamily, Industrial, Mixed Use
Building Details
- Year Built
- 1960
Listing agent Erik Egelko License #01984056
Listing office Palm Tree Properties
Listing date May 9, 2026
Source Crexi
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 Palm Tree Properties
HighLights
- High‑traffic corner location at University Ave and College Ave.
- Significant size: +/- 20,934 SF retail/mixed‑use asset.
- Zoned RS‑1‑7 and CC‑4‑3, allowing for diverse development possibilities.
- Located in a designated Transit Priority Area.
- Strong visibility.
- Long‑term upside potential near housing and public transit.
Overview
This approximately 20,934 square foot retail/mixed-use asset is situated on three parcels located at the corner of University Avenue and College Avenue, an area with high traffic. The property is zoned RS-1-7 and CC-4-3 within the Central Urbanized Planned District. Located in the Mid-City Eastern Area, it is also a designated Transit Priority Area. The property offers strong visibility and long-term upside potential due to its proximity to housing and public transit.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $753.6k | $36.00 |
| − Vacancy | −$31.7k | −$1.52 |
| EGI | $721.9k | $34.48 |
| − OpEx | −$216.6k | −$10.35 |
| NOI | $505.3k | $24.14 |
20,934 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$7.22M
$6.32M – $8.42M
NOI $505,328 @ 7.0% cap · market cap 8.42%
Second Best
Mixed Use
$5.78M
$5.06M – $6.74M
NOI $404,445 @ 7.0% cap · market cap 6.74%
Theoretical Best
Specialty Retail
$8.27M
$7.23M – $9.65M
NOI $578,783 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Mixed-use properties
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.0627813
- Latitude
- 32.7537155
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Retail/mixed-use property with upside potential near transit.
Where is this mixed-use property located?
The property is located at 6172-6196 University Ave San Diego, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: High‑traffic corner location at University Ave and College Ave.; Significant size: +/- 20,934 SF retail/mixed‑use asset.; Zoned RS‑1‑7 and CC‑4‑3, allowing for diverse development possibilities.
