National City Retail/Office
For Sale
Contact for pricing
Pending
801 National City Blvd, National City, CA 91950
Retail and office space with dedicated parking in National City.
Property Size4,464 SF
Days on Market1870
Property Features for 801 National City Blvd
General Information
Standard status
Pending
Size
4,464 SF
Class
B
Total Parking Spaces
27
Property subtype
Office, Retail
Zoning
6
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1990
Buildings
1
Stories
10
Units
171
Tenancy
Multi
Listing Agency:
CAST CAPITAL PARTNERS
(619) 308-6787
Listed By:
Bret Morriss · License #CA 02037074
Source:
Crexi
Added: Jul 20, 2021
Changed: Aug 31
Last Checked: Aug 31 at 2:14AM
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 CAST CAPITAL PARTNERS
Investment Insights
Based on property information with market context.
This property in National City features retail and office space with 27 dedicated parking stalls located behind the building. The property includes Suite 102-103, offering approximately 3,865 square feet, currently occupied by The Association For Community Independence. Additionally, Suite 104 provides approximately 599 square feet and is occupied by Alexa’s Insurance, Inc (doing business as Farmers Insurance). The property offers an excellent storefront location on National City Boulevard.
Key Highlights
- Prime National City location
- Ample parking with 27 dedicated stalls behind the building
- Excellent storefront retail/office space
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
$103,292
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
5.58%
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%
$2,065,840
$2.1M
Cap Rate 7%
$1,475,600
$1.5M
Cap Rate 9%
$1,147,689
$1.1M
Market Conditions
NOI Build-Up for 4,464 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
$160.7K $36.00/SF
− Vacancy
−$23.0K −$5.15/SF
EGI
$137.7K $30.85/SF
− OpEx
−$34.4K −$7.71/SF
NOI
$103.3K $23.14/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,065,840
Cap Rate 7%
$1,475,600
Cap Rate 9%
$1,147,689
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,292 @ 7.0% cap · market cap 5.58%
Second Best
Retail
$1.00M
$876.5K – $1.17M
NOI $70,121 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,168 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,729
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and office space with dedicated parking in National City.
Where is this retail space located?
The property is located at 801 National City Blvd National City, CA.
What is the asking price?
The asking price for this property is $1,852,560.
What are key features of this property?
This property features: Prime National City location; Ample parking with **27 dedicated stalls behind the building**; Excellent storefront retail/office space
