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    8920 Kenamar Dr San Diego, CA 92121

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    For Lease
    Contact for pricing

    Modern Flex Space, San Diego, CA

    Lot size:
    197,626 SF

    Property Features for 8920 Kenamar Dr

    General Information

    Property type
    Flex space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    197,626 SF
    Total Rate
    27997.02

    Spaces For Lease

    at 8920 Kenamar Dr, San Diego, CA 92121 Contact us
    Unit 9050 Kenamar Drive

    $1.70 /Mo

    Size
    17,080 SF
    Contact us
    Unit 9030 Kenamar Drive 313

    $1.75 /Mo

    Size
    1,680 SF
    Contact us
    Unit 8920 Kenamar Drive 205-206

    $1.75 /Mo

    Size
    4,081 SF
    Contact us
    Unit 8840 Kenamar Drive 404-407

    $1.75 /Mo

    Size
    7,412 SF
    Contact us

    We can help!

    Listing Contact
    Ryan Downing
    Ryan Downing

    Listing Agency: Cushman & Wakefield San Diego Listing Agent: Ryan Downing

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Centerpointe Commerce Park offers exceptional flex space for lease in San Diego, California. This prime industrial property, located at 8920-9050 Kenamar Dr, San Diego, CA 92121, boasts a total of 197,626 square feet, with 38,556 square feet currently vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 1,680 square feet to a maximum contiguous space of 17,080 square feet, providing flexibility for businesses of various sizes. The property features attractive 18-foot high ceilings, providing ample vertical space for storage or operations. Convenient loading and unloading is facilitated by four dock-high doors. Ample parking is provided with a ratio of 3.5 spaces per 1,000 square feet. This strategically located San Diego County property offers easy access to major transportation routes, making it an ideal location for businesses seeking efficient logistics and convenient commutes for employees. The property is classified as industrial with a flex subtype, catering to a wide range of business needs. Inquire today to learn more about leasing opportunities at Centerpointe Commerce Park.
    Property Profile Location Intelligence

    Current Use by Public Records

    Home Entertainment Lifestyle Electrical Service Duck Foot Brewing ... Production Facility Direct Effect Wraps (Bike/Boat/Book/etc) Store William Tassie General ... Construction Company Stumbaugh & Associates Inc Kitchen & Bath Showroom

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Pharmacy Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1563922
    Latitude
    32.8854988

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    FAQs

    What type of property is this?
    Flex space - Modern Flex Space, San Diego, CA
    Where is this flex space located?
    The property is located at 8920 Kenamar Dr San Diego, CA.
    What is the lease rate?
    The lease rate is $0.00-$1.75 SF/Yr.
    Request Owner's contact information
    8920 Kenamar Dr San Diego, CA 92121
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    San Diego, CA 92121
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8920 Kenamar Dr San Diego, CA 92121
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ryan Downing
    Ryan Downing
    Real Estate License ID: 01955032
    Learn more
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