Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restaurant/Retail/Event Center Space Available Title is generated by Realmo AI

    327 Fourth Ave, San Diego, CA 92101

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Prime location in sought-after entertainment corridor, high visibility.

    Type:Retail, Restaurant
    Added:
    Mar 20, 2024
    Days on Market:
    807
    Last Refresh:
    May 12 at 10:49 pm

    Property Features for 327 Fourth Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail, Restaurant

    Spaces For Lease

    at 327 Fourth Ave Contact us

    We can help!

    Listing Contact
    Bill Shrader

    Listing agent Bill Shrader License #CA 01033317

    Listing office Urban Property Group, Inc.

    Listing date Mar 20, 2024

    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 Urban Property Group, Inc.

    HighLights

    • Prime visibility and signage opportunity on 4th Ave.
    • Unique location to capitalize on Gaslamp Quarter, Petco Park, and Convention Center traffic.
    • Steps to Convention Center - $826 million in direct annual consumer spending.
    • Located in a sought‑after entertainment and retail corridor.
    • Surrounded by multiple luxury hotels.
    • Immediate proximity to Convention Center, Seaport Village, Campus at Horton, and East Village.

    Overview

    This restaurant, retail, and event center space offers prime visibility and signage opportunities on 4th Avenue. The space features high ceilings and retractable doors at the entrance, allowing for ample natural light. Situated in one of Southern California's most desirable entertainment and retail areas, the location benefits from proximity to the Convention Center, which generates $826 million in direct annual consumer spending. The property's unique location allows it to capitalize on traffic from the Gaslamp Quarter, Petco Park, and the Convention Center. It is surrounded by several luxury hotels, including The Pendry, Hilton Gaslamp, Hard Rock, and OMNI. The property is in immediate proximity to the Convention Center, Seaport Village, Campus at Horton, and East Village.
    Location Intelligence

    Current Use by Public Records

    Joe Bradley Auction Trade Show Venue

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

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

    Similar Places Nearby

    • Big Dev's Down-Home Barbeque — 1297 Simpson Way # H, Escondido, CA 92029
    • Thai Arts Culture & Entertainment — 410 W 2nd Ave, Escondido, CA 92025
    • Platter and Honey — 1291 Simpson Way, Escondido, CA 92029
    • Ultimate Gourmet — 1357 W 9th Ave, Escondido, CA 92029
    • North County Cooking Classes — 1291 Simpson Way ste. H, Escondido, CA 92029

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.160549
    Latitude
    32.708577

    Nearby Similar for Lease

    • $129-$8,887/Mo
      11-1,292 SF

      CA, San Diego - Camino del Rio N

      2650 Camino Del Rio, San Diego, CA 92108
      View Details
    • $129-$3,715/Mo
      11-1,292 SF

      CA, San Diego - 770 First Avenue

      770 1St Ave, Unit 250, San Diego, CA 92101
      View Details
    • $129-$7,103/Mo
      11-1,292 SF

      Spaces University Town Center

      4660 La Jolla Village Dr, San Diego, CA 92122
      View Details
    • $129-$7,966/Mo
      11-1,292 SF

      Mission Valley - Stonecrest

      9655 Granite Ridge Dr, Unit 200, San Diego, CA 92123
      View Details
    • $129-$4,113/Mo
      11-1,292 SF

      Sunroad Corporate Center

      4445 Eastgate Mall, Unit 200, San Diego, CA 92121
      View Details
    • $129-$4,887/Mo
      11-1,292 SF

      Spaces Makers Quarter

      845 15Th St, San Diego, CA 92101
      View Details
    • $129-$8,734/Mo
      11-1,292 SF

      One Pacific Heights

      9920 Pacific Heights Blvd, Unit 150, San Diego, CA 92121
      View Details
    • Sponsored
      $129-$8,154/Mo
      11-1,292 SF

      Liberty Station

      2305 Historic Decatur Rd, Unit 100, San Diego, CA 92106
      View Details
    • $129-$4,019/Mo
      11-1,292 SF

      501 W. Broadway

      501 Broadway, Unit 800, San Diego, CA 92101
      View Details
    • $129-$7,569/Mo
      11-1,292 SF

      Mission Valley

      3111 Camino Del Rio, Unit 400, San Diego, CA 92108
      View Details
    • $129-$3,341/Mo
      11-1,292 SF

      Emerald Plaza

      402 Broadway, Unit 400, San Diego, CA 92101
      View Details
    • $129-$4,006/Mo
      11-1,292 SF

      Diamond View

      350 10Th Ave, Unit 1000, San Diego, CA 92101
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime location in sought-after entertainment corridor, high visibility.
    Where is this restaurant located?
    The property is located at 327 Fourth Ave San Diego, CA.
    What are key features of this property?
    This property features: Prime visibility and signage opportunity on 4th Ave.; Unique location to capitalize on Gaslamp Quarter, Petco Park, and Convention Center traffic.; Steps to Convention Center - $826 million in direct annual consumer spending.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bill Shrader
    Real Estate License ID: CA 01033317
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    327 Fourth Ave, San Diego, CA 92101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!