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    828 5Th Ave San Diego, CA 92101

    For Sale
    $4,800,000

    High-Cap Rate, Value-Add Opportunity

    Property size:
    8,729 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional San Diego mixed-use property, located at 828-836 5th Ave (APN 533-576-08-00, 533-576-09-00), offers a compelling value-add investment opportunity. The 8,729 square foot, two-story building boasts a strong 6.65% cap rate and a current NOI of $319,040, with an asking price of $4,800,000 ($549.89/SF). Currently, the property is 85% leased, comprising a ground floor with two restaurants (Sadaf and Casa Balance) averaging $5.73/SF NNN, with leases expiring in April and June 2026 (no remaining options). The second floor houses 12 executive office units, nine of which are leased to an architecture firm until April 2025, with a single five-year fair market option. Built in 1895 and renovated in 2001, this property presents a twofold value-add strategy: increase rental income from the restaurants (currently 15% below market rent) upon lease renewal in 2026, and reposition the existing office space into a higher-rent, creative office layout, potentially attracting a single, larger tenant. The property consists of three units in total, situated in the desirable 92101 zip code of San Diego County, California. This is a rare chance to acquire a well-located, mixed-use asset with significant upside potential.

    Property Features for 828 5Th Ave

    General Information

    Property type
    Restaurants
    Square Feet
    8,729 SF

    Building Details

    Year Built/Renovated
    1895/2001
    Units
    3

    HighLights

    • 8,729 SF mixed‑use building in San Diego's desirable 92101 zip code, offering a compelling value‑add opportunity.
    • Strong 6.65% cap rate and $319,040 current NOI, with an asking price of $4,800,000 ($549.89/SF).
    • Currently 85% leased; ground floor restaurants (leases expiring 2026) and second‑floor office space (lease expiring 2025 with option).
    • Value‑add strategy includes increasing restaurant rents (currently 15% below market) and repositioning office space for higher rents.
    • Three total units, built in 1895 and renovated in 2001.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sadaf Restaurant Persian Restaurant Merle N Schneidewind ... Attorney

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    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
    -117.16018488067
    Latitude
    32.714015678509

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    FAQs

    What type of property is this?
    Restaurant - High-Cap Rate, Value-Add Opportunity
    Where is this restaurant located?
    The property is located at 828 5Th Ave San Diego, CA.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: 8,729 SF mixed-use building in San Diego's desirable 92101 zip code, offering a compelling value-add opportunity.; Strong 6.65% cap rate and $319,040 current NOI, with an asking price of $4,800,000 ($549.89/SF).; Currently 85% leased; ground floor restaurants (leases expiring 2026) and second-floor office space (lease expiring 2025 with option).
    Request Owner's contact information
    828 5Th Ave San Diego, CA 92101
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    San Diego, CA 92101
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    Realmo Value Estimation

    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.

    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.

    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
    828 5Th Ave San Diego, CA 92101
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