Mixed-Use Property in National
For Sale
$2,200,000
718 730 E 8th, National City, CA 91950
Seven-unit mixed-use property with retail and residential spaces.
Property Size6,218 SF
Days on Market258
Property Features for 718 730 E 8th
General Information
Standard status
Active
Size
6,218 SF
Property subtype
Commercial
Building Details
Building Size
6,218 SF
Year Built
1900
Units
7
Listing Agency:
Venture Pacific Properties
(858) 699-6927
Listed By:
Jason Lipovsky · License #01349086
(858) 699-6927
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:13PM
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 mixed-use property features three buildings totaling 6,218 square feet, comprising four street-level retail suites and three residential units. Situated on East 8th Street and Highland Ave, two major thoroughfares in National City, the property benefits from high visibility and traffic. The location is near numerous national retailers, including a Walmart Supercenter. The city's redevelopment initiatives support a mix of commercial and residential uses, fostering a pedestrian-friendly, community-oriented environment. The zoning allows for a blend of retail, office, and housing options within a growing corridor. This property is suitable for an owner-user or investor.
Key Highlights
- Rare 7‑unit mixed‑use property with 4 retail suites and 3 residential units.
- Located on major thoroughfares (East 8th Street and Highland Ave) in National City.
- Surrounded by national retailers, including Walmart Supercenter, enhancing visibility and traffic.
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
$134,286
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
6.10%
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%
$2,685,720
$2.7M
Cap Rate 7%
$1,918,371
$1.9M
Cap Rate 9%
$1,492,067
$1.5M
Market Conditions
NOI Build-Up for 6,218 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
$250.7K $40.32/SF
− Vacancy
−$35.9K −$5.77/SF
EGI
$214.9K $34.55/SF
− OpEx
−$80.6K −$12.96/SF
NOI
$134.3K $21.60/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$40.32 /SF/Yr
Expense Ratio
37.50%
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%
$2,685,720
Cap Rate 7%
$1,918,371
Cap Rate 9%
$1,492,067
Alternative Uses
Best Use
Mixed Use
$1.92M
$1.68M – $2.24M
NOI $134,286 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$1.48M
$1.29M – $1.72M
NOI $103,315 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,422 @ 7.0% cap · market cap 9.06%
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
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Seven-unit mixed-use property with retail and residential spaces.
Where is this mixed-use property located?
The property is located at 718 730 E 8th National City, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Rare 7‑unit mixed‑use property with 4 retail suites and 3 residential units.; Located on major thoroughfares (East 8th Street and Highland Ave) in National City.; Surrounded by national retailers, including Walmart Supercenter, enhancing visibility and traffic.
