Downtown Retail Investment
For Sale
Contact for pricing
748 6th Ave, San Diego, CA
Leased retail property in a busy downtown San Diego corridor.
Property Size6,624 SF
Lot Size0.12 Acres
Price / SF$662.74
Days on Market391
Property Features for 748 6th Ave
General Information
Standard status
Active
Size
6,624 SF
Lot size
0.12 Acres
Property subtype
RETAIL
Listing Agency:
Duhs Commercial
(858) 405-5342
Listed By:
Rob Bloom · License #01302163
(858) 405-5342
Source:
Moodyscre
Added: Jul 18, 2025
Changed: Jul 6
Last Checked: Aug 12 at 9:43AM
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 Duhs Commercial
Investment Insights
Based on property information with market context.
This 6,624 square foot retail property is located in downtown San Diego. The property is a leased investment with annual rent increases. It is situated in a busy and thriving downtown corridor, presenting a long-term passive investment opportunity.
Key Highlights
- Stable, Leased Investment
- Annual Rent Bumps
- Excellent Downtown Location
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
$159,897
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
3.64%
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%
$3,197,940
$3.2M
Cap Rate 7%
$2,284,243
$2.3M
Cap Rate 9%
$1,776,633
$1.8M
Market Conditions
NOI Build-Up for 6,624 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
$238.5K $36.00/SF
− Vacancy
−$10.0K −$1.52/SF
EGI
$228.4K $34.48/SF
− OpEx
−$68.5K −$10.35/SF
NOI
$159.9K $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%
$3,197,940
Cap Rate 7%
$2,284,243
Cap Rate 9%
$1,776,633
Alternative Uses
Best Use
Retail
$2.28M
$2.00M – $2.66M
NOI $159,897 @ 7.0% cap · market cap 3.64%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.62M
$2.29M – $3.05M
NOI $183,140 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
6,272
Businesses Nearby
284k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 35%
Shops & Services 23%
Apparel 2%
Whole Foods Market
Groceries
64,059 visits/mo
0.5 miles
Ralphs
Groceries
46,221 visits/mo
0.4 miles
Shell
Shops & Services
13,326 visits/mo
0.3 miles
Better Buzz Coffee Roasters
Dining
12,340 visits/mo
0.5 miles
Jack in the Box
Dining
12,210 visits/mo
0.4 miles
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?
Retail space - Leased retail property in a busy downtown San Diego corridor.
Where is this retail space located?
The property is located at 748 6th Ave San Diego, CA.
What is the asking price?
The asking price for this property is $4,390,000.
What are key features of this property?
This property features: Stable, Leased Investment; Annual Rent Bumps; Excellent Downtown Location
