Automotive Property in National
For Sale
$1,750,000
710 E 8Th St, National City, CA 91950
3,600 SF automotive building fully leased to three tenants.
Property Size3,600 SF
Lot Size0.39 Acres
Price / SF$486.11
Days on Market164
Property Features for 710 E 8Th St
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.39 Acres
Property subtype
Commercial
Building Details
Building Size
3,600 SF
Year Built
1980
Units
3
Listing Agency:
Venture Pacific Properties
(858) 699-6927
Listed By:
Jason Lipovsky · License #01349086
(858) 699-6927
Source:
Elliman
Added: Mar 11
Changed: Aug 12
Last Checked: Aug 21 at 10:43AM
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 Venture Pacific Properties
Investment Insights
Based on property information with market context.
This 3,600 SF building is located in National City and is fully leased to three established tenants. The property is positioned near the intersection of East 8th Street and Highland Avenue, offering exposure alongside national retailers, including the Walmart Supercenter. The city is actively investing in redevelopment, fostering a walkable, community-focused environment. This property is suitable for an owner-user seeking a strategic location or an investor pursuing steady returns.
Key Highlights
- Fully leased 3,600 SF building with three established tenants providing immediate income.
- Prime location near the intersection of East 8th Street and Highland Avenue.
- High visibility location next to national retailers, including Walmart Supercenter.
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
$56,549
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
3.23%
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%
$1,130,980
$1.1M
Cap Rate 7%
$807,843
$807.8K
Cap Rate 9%
$628,322
$628.3K
Market Conditions
NOI Build-Up for 3,600 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
$86.4K $24.00/SF
− Vacancy
−$5.6K −$1.56/SF
EGI
$80.8K $22.44/SF
− OpEx
−$24.2K −$6.73/SF
NOI
$56.5K $15.71/SF
Area
San Diego County, CA
Vacancy
6.50%
Lease Rate
$24.00 /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%
$1,130,980
Cap Rate 7%
$807,843
Cap Rate 9%
$628,322
Alternative Uses
Best Use
Retail
$807.8K
$706.9K – $942.5K
NOI $56,549 @ 7.0% cap · market cap 3.23%
Second Best
Industrial
$588.4K
$514.8K – $686.5K
NOI $41,187 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,458 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,905
Businesses Nearby
621k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 31%
Dining 30%
Superstores 27%
Groceries 9%
Walmart
Superstores
164,822 visits/mo
0.2 miles
Smart & Final
Groceries
32,608 visits/mo
0.3 miles
Jollibee
Dining
31,831 visits/mo
0.4 miles
Wells Fargo
Shops & Services
27,005 visits/mo
0.2 miles
Seafood City
Groceries
26,350 visits/mo
0.4 miles
Demographics for 91950, CA
57,849
Population
19,049
Households
3
Avg Household Size
36
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
7,925
Density / Sq Mi
$63,858
Median Household Income
$34,013
Median Earnings
$1,600
Median Rent
$580,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Enterprise Rent-A-Car — 1145 National City Blvd, National City, CA 91950
- Trailer Rental at U-Haul — 1300 Wilson Ave, National City, CA 91950
- U-Box at U-Haul — 1300 Wilson Ave, National City, CA 91950
- The Mustang Shop of San Diego, Inc. — 1640 Hoover Ave, National City, CA 91950
- U-Haul Moving & Storage of National City — 1300 Wilson Ave, National City, CA 91950
Frequently Asked Questions
What type of property is this?
Automotive property - 3,600 SF automotive building fully leased to three tenants.
Where is this automotive property located?
The property is located at 710 E 8Th St National City, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Fully leased 3,600 SF building with three established tenants providing immediate income.; Prime location near the intersection of East 8th Street and Highland Avenue.; High visibility location next to national retailers, including Walmart Supercenter.
