Mixed-Use Building with Restaurant &
828 Fifth Ave San Diego, CA 92101
828 Fifth Ave, San Diego, CA, 92101
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For Sale
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Two-story mixed-use building featuring restaurant and executive office spaces.
Property Size8,729 SF
Price / SF$572.80
Days on Market795
Property Features for 828 Fifth Ave
General Information
- Standard status
- Active
- Size
- 8,729 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1895
Listing Agency
Marcus & Millichap - San Diego
(858) 373-3288
Listed by
Ali Valiahdi · License #CA 01980677
Source
Crexi
Added: May 18, 2024 Updated: Jul 10 at 11:20 am Checked: Jul 20 at 5:45 am
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
This two-story mixed-use building offers 8,729 square feet of space and is currently 85% leased. The first floor is occupied by Sadaf Restaurant and Casa Balance Restaurant, with an average rent of $5.73 per square foot on a NNN lease basis. These leases are set to expire in April 2026 and June 2026, respectively, with no remaining options. The second floor features 12 executive office units, with 9 currently leased to an architecture firm. This lease expires in April 2025 and includes one 5-year fair market option.
Key Highlights
- 2‑Story Mixed Use Building with 8,729 SF
- 85% Leased
- 1st Floor Tenants: Sadaf Restaurant & Casa Balance Restaurant
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $335.2k | $38.40 |
| − Vacancy | −$13.4k | −$1.54 |
| EGI | $321.8k | $36.86 |
| − OpEx | −$80.4k | −$9.22 |
| NOI | $241.3k | $27.65 |
8,729 SF · lease $38.40/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.45M
$3.02M – $4.02M
NOI $241,339 @ 7.0% cap · market cap 4.83%
Second Best
Retail
$3.01M
$2.63M – $3.51M
NOI $210,710 @ 7.0% cap · market cap 4.21%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sadaf Restaurant
Restaurant
Merle N Schneidewind ...
Law Firm
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FAQs
What type of property is this?
Mixed-use property - Two-story mixed-use building featuring restaurant and executive office spaces.
Where is this mixed-use property located?
The property is located at 828 Fifth Ave San Diego, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 2‑Story Mixed Use Building with 8,729 SF; 85% Leased; 1st Floor Tenants: Sadaf Restaurant & Casa Balance Restaurant
