Mixed-Use Building with Restaurant &
For Sale
Contact for pricing
828 Fifth Ave, San Diego, CA 92101
Two-story mixed-use building featuring restaurant and executive office spaces.
Property Size8,729 SF
Price / SF$572.80
Days on Market890
Property Features for 828 Fifth Ave
General Information
Standard status
Active
Size
8,729 SF
Property subtype
Mixed Use, Office, Retail
Investment Type
Value Add
Net Operating Income
$319,040
Site & Location
Neighborhood
Gaslamp
Building Details
Year Built
1895
Year Renovated
2001
Units
3
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Ali Valiahdi · License #CA 01980677
(858) 373-3288
Source:
Crexi
Added: May 18, 2024
Changed: Oct 13
Last Checked: Oct 23 at 4:01AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,644
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,372,880
$3.4M
Cap Rate 7%
$2,409,200
$2.4M
Cap Rate 9%
$1,873,822
$1.9M
Market Conditions
NOI Build-Up for 8,729 SF
Gross rent
$293.3K $33.60/SF
− Vacancy
−$23.5K −$2.69/SF
EGI
$269.8K $30.91/SF
− OpEx
−$101.2K −$11.59/SF
NOI
$168.6K $19.32/SF
Area
San Diego, CA
Vacancy
8.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,372,880
Cap Rate 7%
$2,409,200
Cap Rate 9%
$1,873,822
Alternative Uses
Best Use
Mixed Use
$2.41M
$2.11M – $2.81M
NOI $168,644 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.45M
$3.02M – $4.02M
NOI $241,339 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
12,817
Businesses Nearby
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Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value
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Frequently Asked Questions
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
