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    7340 & 7480 Miramar Road San Diego, CA 92126

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    For Lease
    Contact for pricing

    Retail, office, and creative workspace in Miramar Metroplex.

    Type:Retail, Office
    Added:
    Aug 24, 2021
    Days on Market:
    1702
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 7340 & 7480 Miramar Road

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 7340 & 7480 Miramar Road Contact us

    7340 Second floor - Suites 201 & 203 $1.50 /Mo

    Size
    9,876 SF
    Type
    Retail
    *Suites 201 & 203 contiguous for a total of ±9,.876 SFnprevious office
    Contact us

    7340 Second floor - Suite 201 $1.50 /Mo

    Size
    7,136 SF
    Type
    Retail
    *Suites 201 & 203 contiguous for a total of ±9,.876 SFnPrevious officenYr.1: $0.99...
    show more
    Contact us

    7340 Second floor - Suite 203 $1.50 /Mo

    Size
    2,740 SF
    Type
    Retail
    $1.50/SF NNNnPrevious officenSuites 201 & 203 contiguous for a total of ±9,.876...
    show more
    Contact us

    7340 Second floor - Suite 208/209 $1.50 /Mo

    Size
    11,800 SF
    Type
    Retail, Office
    $1.50/SF NNNnPrevious office; Divisible
    Contact us

    7480 Second Floor - Suite 201 $1.50 /Mo

    Size
    4,591 SF
    Type
    Retail, Office
    Previous dance studion*Available suites are contiguous for a total of ±37,731 RSF
    Contact us

    7480 Second Floor - Suite 201A $1.50 /Mo

    Size
    4,497 SF
    Type
    Retail, Office
    Previous office spacen*Available suites are contiguous for a total of ±37,731 RSF
    Contact us

    7480 Second Floor - Suite 206 $1.50 /Mo

    Size
    6,181 SF
    Type
    Retail, Office
    Previous office spacen*Available suites are contiguous for a total of ±37,731 RSF
    Contact us

    7480 Second Floor - Suite 207 $1.50 /Mo

    Size
    22,472 SF
    Type
    Retail, Office
    $1.50/SF NNNnOpen Area with one office; Freight elevator servedn*Available suites...
    show more
    Contact us

    Suite 201, 201A, 206, 207 $1.50 /Mo

    Size
    37,731 SF
    Type
    Retail, Office
    Suit 201 4,591 SF $1.50/SF NNN Previous dance studionSuit 201A 4,497 SF $1.50/SF...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Spencer Kerrigan

    Listing agent Spencer Kerrigan License #CA 01921490

    Listing office Voit Real Estate Services San Diego

    Listing date Aug 24, 2021

    Source Crexi

    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 Voit Real Estate Services San Diego

    Overview

    Miramar Metroplex: Mixed-Use Creative Space

    Miramar Metroplex provides a mixed-use environment featuring retail, traditional office, and creative office workspace. The architecture incorporates open floor plans, high ceilings, and exposed central heating and air-conditioned ducting, maximizing natural light. Glass grade-level doors facilitate open-air settings. Located in Western Miramar, the property offers convenient access to Interstates 805 and 15, with numerous fast-casual and sit-down dining options nearby. Its location is central for employees, customers, and suppliers, making it an ideal business location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cuisinery Food Market Specialty Food Shop Turning Point Pregnancy ... Medical Clinic Anthony DaSilva | The Honest ... Real Estate Agency Combat Athletes Physical ... Physician Rōnin Martial Arts ... Training Center

    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
    -117.1553218
    Latitude
    32.8838021

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    FAQs

    What type of property is this?
    Mixed-use property - Retail, office, and creative workspace in Miramar Metroplex.
    Where is this mixed-use property located?
    The property is located at 7340 & 7480 Miramar Road San Diego, CA.
    What are key features of this property?
    This property features: Easy access to Interstates 805 & 15.; Close proximity to numerous dining options.; **Enjoy open floor plans and high ceilings.**
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Spencer Kerrigan
    Real Estate License ID: CA 01921490
    Learn More
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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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