Retail Strip Center with Monument
7878 CLAIREMONT MESA BLVD, San Diego, CA 92111
For Sale
Contact for pricing
A mix of established tenants occupies the center, with parking around the building and several entry and exit points.
Property Size13,671 SF
Price / SF$657.52
Days on Market15
Property Features for 7878 CLAIREMONT MESA BLVD
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Pylon Signage
Highway Access
Road Access
Additional Details
Tenant in Place
Amenities
monument signage
large parking lot
multiple egress/ingress points
Building Details
Tenancy
Listing Agency:
Pacific Coast Commercial
Listed By:
Lesha Montoya · License #CA 02007808
(619) 992-5863
Source:
Crexi
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 8 at 5:14PM
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 Pacific Coast Commercial
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Investment Insights
Based on property information with market context.
This 13,671-square-foot retail strip center includes office and retail space. Current occupants include dental practices, a design business, guitar sales, and the Godfather restaurant. The property has been maintained and features a large parking area surrounding the building, with multiple access points for vehicles.
Monument signage fronts Clairemont Mesa Boulevard. The center is on the boulevard’s north side, south of Convoy Corner, and is close to Highways 805, 15, and 52.
Monument signage fronts Clairemont Mesa Boulevard. The center is on the boulevard’s north side, south of Convoy Corner, and is close to Highways 805, 15, and 52.
Key Highlights
- 13,671 SF of retail and office space
- Monument sign on Clairemont Mesa Boulevard
- Parking encircles the property, with multiple vehicle access points
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$330,005
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,600,100
$6.6M
Cap Rate 7%
$4,714,357
$4.7M
Cap Rate 9%
$3,666,722
$3.7M
Market Conditions
NOI Build-Up for 13,671 SF
Gross rent
$492.2K $36.00/SF
− Vacancy
−$20.7K −$1.52/SF
EGI
$471.4K $34.48/SF
− OpEx
−$141.4K −$10.35/SF
NOI
$330.0K $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 Rate 5%
$6,600,100
Cap Rate 7%
$4,714,357
Cap Rate 9%
$3,666,722
Alternative Uses
Best Use
Retail
$4.71M
$4.13M – $5.50M
NOI $330,005 @ 7.0% cap · market cap 3.67%
Second Best
Mixed Use
$3.77M
$3.30M – $4.40M
NOI $264,124 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$5.40M
$4.72M – $6.30M
NOI $377,976 @ 7.0% cap · market cap 4.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,082
Businesses Nearby
218k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Groceries 28%
Dining 25%
Home Improvements & Furnishings 8%
99 Ranch Market
Groceries
60,581 visits/mo
0.4 miles
Daiso USA
Shops & Services
34,853 visits/mo
0.4 miles
Chevron
Shops & Services
17,935 visits/mo
0.2 miles
Wendy's
Dining
10,880 visits/mo
0.4 miles
Starbucks
Dining
9,263 visits/mo
0.3 miles
Demographics for 92111, CA
46,686
Population
17,624
Households
2.6
Avg Household Size
37
Median Age
43%
College-Educated
88%
High-School Grad
8.5 sq mi
ZIP Area
5,492
Density / Sq Mi
$95,081
Median Household Income
$43,215
Median Earnings
$2,049
Median Rent
$754,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in San Diego, CA
Frequently Asked Questions
What type of property is this?
Strip mall - A mix of established tenants occupies the center, with parking around the building and several entry and exit points.
Where is this strip mall located?
The property is located at 7878 CLAIREMONT MESA BLVD San Diego, CA.
What is the asking price?
The asking price for this property is $8,988,888.
What are key features of this property?
This property features: 13,671 SF of retail and office space; Monument sign on Clairemont Mesa Boulevard; Parking encircles the property, with multiple vehicle access points
