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    4411 Park Blvd San Diego, CA 92116-4035

    • Retail space
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7002159
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bradford Fox Builders / Plumbing Supply Store
    • Monochrome Films / Video Production Service
    • MoniBella Photography/Photography by Monica Rodriguez / Photographer / Portrait Studio
    • A Team Construction / Construction Company
    • Armortech Security / Security Guard Service

    Property Details for 4411 Park Blvd

    Lot size
    0.10 lot acres
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    445-211-11-00
    APU
    4452111100

    Description

    This exceptional redevelopment opportunity encompasses three parcels totaling 13,517 square feet (.31 acres) in San Diego's desirable University Heights neighborhood. The property includes a 17,800-square-foot commercial building currently configured as warehouse, retail, and office space, along with a 2,000-square-foot triplex. Built in 1922 and 1926, the existing structures offer immediate income potential while presenting significant value-add and owner-user possibilities. The site is zoned CN 1-3, designated as a Transit Priority Area (TPA) and Sustainable Development Area (SDA), allowing for a high Floor Area Ratio (FAR) of 8.0 under Complete Communities Tier 2. This prime location benefits from its proximity to Balboa Park and Mission Valley, situated within the North Park Community Planning Area and along the vibrant Park Boulevard Business District corridor. The property's APN is 445-211-10, 11, and 13, and is suitable for a 1031 exchange. The total net rentable square footage is 19,800 square feet. This is a rare chance to acquire a substantial mixed-use property in a thriving San Diego location with significant upside potential. Addresses include 4411 Park Blvd, 4421 Park Blvd, and 1812 Mission Blvd, San Diego, CA 92116 and 92109.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.146
    Latitude
    32.7578
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,965
    $37,117
    $325,245
    $362,362
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

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      2,415 SF

      4100 Adams Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,415 SF
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    • Value Estimation by Request
      9,720 SF

      3036 Adams Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,720 SF
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      21,459 SF

      4134 Adams Ave

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    • Value Estimation by Request
      0.15 Acres

      3288 Adams Ave

      STORE, RETAIL OUTLET • 0.15 Acres
      3288 Adams Ave, San Diego, CA 92116-1646
      View Details
    • Value Estimation by Request
      10,674 SF

      4451 30th St, Unit 53

      RETAIL STORES (PERSONAL SERVICES) • 10,674 SF
      4451 30th St, San Diego, CA 92116-4232
      View Details

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    4411 Park Blvd
    San Diego, CA 92116-4035
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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.

    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
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