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    709 Ctr Dr San Marcos, CA 92069-2502

    • Strip malls
    • 9,630 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    Jan 25, 2022
    $5,276,500
    Value Estimations
    $4,680,000
    Show details
    Cap Rate Potential
    5.4%
    Strip malls
    Location Intelligence
    Property ID
    US09-9707586
    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

    • Dr. Bruce Schwandt, DDS / Dentist
    • Navy Federal Credit Union / Business Banking Service / Financial Institution
    • San Marcos Dental Group / Dentist / Teeth Whitening Service
    • Dr. John Nosti DDS / Dentist
    • Dr. Kouros Izadi, DMD / Dentist

    Property Details for 709 Ctr Dr

    Year built
    1995
    Lot size
    0.79 lot acres
    Property size
    9,630 SF
    Zone code
    COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    226-111-68-00
    APU
    2261116800

    Description

    This exceptional retail space, part of the 512,682 square foot Nordahl Marketplace, presents a unique investment opportunity in San Marcos, California. Located at 709 Center Dr, 92069, this power center boasts a strong anchor tenant lineup including Walmart, Kohl's, and Guitar Center, ensuring high foot traffic and visibility. The property offers convenient access to major transportation arteries, including Highway 78 and I-15, maximizing exposure to a broad customer base. The available space totals 2,944 square feet, ideal for a variety of retail uses. Nordahl Marketplace strategically serves the thriving communities of both San Marcos and Escondido, benefiting from a dense residential population. The property's prime location is further enhanced by its immediate adjacency to a newly remodeled Costco, creating a synergistic retail environment and attracting significant consumer traffic. This is a rare chance to secure a space within a well-established, high-performing retail center in a rapidly growing area of San Diego County. The property's size and location make it an attractive option for businesses seeking strong visibility and access to a large consumer market. Don't miss this opportunity to establish your business in a premier San Diego County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,680,000
      ML approach
      $4,770,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    San Diego
    State
    California
    Longitude
    -117.123
    Latitude
    33.1334
    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
    $29,665
    $917,573
    $1,443,542
    $2,361,115
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,780,000
      21,446 SF

      751 Ctr Dr

      SHOPPING CENTER, STRIP CENTER • 21,446 SF
      751 Ctr Dr, San Marcos, CA 92069-3593
      View Details
    • Value Estimation
      $4,610,000
      9,999 SF

      732 Ctr Dr

      SHOPPING CENTER, STRIP CENTER • 9,999 SF
      732 Ctr Dr, San Marcos, CA 92069-3535
      View Details
    • Value Estimation
      $4,645,000
      13,022 SF

      711 Ctr Dr

      SHOPPING CENTER, STRIP CENTER • 13,022 SF
      711 Ctr Dr, San Marcos, CA 92069-3500
      View Details
    • Value Estimation
      $4,680,000
      0.89 Acres

      729 Nordahl Rd

      SHOPPING CENTER, STRIP CENTER • 0.89 Acres
      729 Nordahl Rd, San Marcos, CA 92069
      View Details
    • Value Estimation
      $1,145,000
      60,550 SF

      125 Twin Oaks Vly Rd, Unit 57

      SHOPPING CENTER, STRIP CENTER • 60,550 SF
      125 Twin Oaks Vly Rd, San Marcos, CA 92069-2950
      View Details
    • Value Estimation
      $4,680,000
      0.37 Acres

      Ctr Dr

      SHOPPING CENTER, STRIP CENTER • 0.37 Acres
      Ctr Dr, San Marcos, CA 92069
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      1,408 SF

      Retail Space in Nordahl Marketplace

      Retail spaces available for lease in San Marcos, California.
      751 Center Dr, San Marcos, CA 92069
      View Details
    • Contact for pricing
      1,186 SF

      Freeway-Oriented Retail Center Available

      Retail center in San Marcos, near Freeway and Civic Center.
      Rancheros Dr, San Marcos, CA 92069
      View Details
    • $1.45 SF/Yr
      1,000 SF

      Retail Space in San Marcos

      Retail spaces available in Stater Brothers anchored shopping center.
      1230-1348 E Mission Rd, San Marcos, CA 92069
      View Details
    • $1.45 SF/Yr
      82,436 SF

      Grocery Anchored Retail Space Available

      Retail spaces available within a Stater Brothers anchored shopping center.
      1230-1350 E Mission Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      1,274 SF

      Retail Center in San Marcos

      Well-located retail center with excellent visibility and ample parking.
      730-740 Nordahl Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      4,820 SF

      San Marcos Retail Space Available

      4,820 SF retail space in freeway-visible San Marcos center.
      2055-2155 Montiel Rd, San Marcos, CA 92069
      View Details
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    709 Ctr Dr
    San Marcos, CA 92069-2502
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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
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