Mixed-Use Commercial
For Sale
Contact for pricing
810-70 West Washington Street, San Diego, CA 92103
Commercial asset designated for a combination of property uses.
Property Size25,353 SF
Price / SF$551.22
Days on Market12
Property Features for 810-70 West Washington Street
General Information
Standard status
Active
Size
25,353 SF
Class
Trophy
Total Parking Spaces
50
Property subtype
Multifamily, Office, Mixed Use
Net Operating Income
$945,918
Listing Agency:
Urban Property Group, Inc.
(858) 874-1989
Listed By:
Bill Shrader · License #CA 01033317
Source:
Crexi
Added: Aug 21
Changed: Aug 31
Last Checked: Sep 1 at 4:00AM
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 Urban Property Group, Inc.
Investment Insights
Based on property information with market context.
This mixed-use commercial property encompasses 25,353 square feet within a single asset. The property is located at 810-70 West Washington Street in San Diego, California 92103.
Key Highlights
- 25,353‑square‑foot mixed‑use commercial property
- Located at 810‑70 West Washington Street, San Diego, CA 92103
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
$489,820
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
3.50%
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%
$9,796,400
$9.8M
Cap Rate 7%
$6,997,429
$7.0M
Cap Rate 9%
$5,442,444
$5.4M
Market Conditions
NOI Build-Up for 25,353 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
$851.9K $33.60/SF
− Vacancy
−$68.1K −$2.69/SF
EGI
$783.7K $30.91/SF
− OpEx
−$293.9K −$11.59/SF
NOI
$489.8K $19.32/SF
Area
San Diego, CA
Vacancy
8.00%
Lease Rate
$33.60 /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%
$9,796,400
Cap Rate 7%
$6,997,429
Cap Rate 9%
$5,442,444
Alternative Uses
Best Use
Mixed Use
$7.00M
$6.12M – $8.16M
NOI $489,820 @ 7.0% cap · market cap 3.50%
Second Best
Office B
$6.99M
$6.12M – $8.16M
NOI $489,440 @ 7.0% cap · market cap 3.50%
Theoretical Best
Specialty Retail
$10.01M
$8.76M – $11.68M
NOI $700,960 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
4,732
Businesses Nearby
Explore this area
Business Placement
Demographics for 92103, CA
33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial asset designated for a combination of property uses.
Where is this mixed-use property located?
The property is located at 810-70 West Washington Street San Diego, CA.
What is the asking price?
The asking price for this property is $13,975,000.
What are key features of this property?
This property features: 25,353‑square‑foot mixed‑use commercial property; Located at 810‑70 West Washington Street, San Diego, CA 92103
