6172-6196 University Ave San Diego, CA 92115
Retail/mixed-use property with upside potential near transit.
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 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
Investment Insights
Based on property information with market context.
Key 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.
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 |
