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    9187 Clairemont Mesa Blvd San Diego, CA 92123

    Sponsored
    For Lease
    Contact for pricing

    High-traffic San Diego retail spaces available

    Lot size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    The Shops at Spectrum offers 14,000 square feet of prime retail space in a vibrant San Diego location. Currently fully vacant, this multi-tenant property presents a unique investment opportunity. Two spaces are available, ranging in size from 1 to 2,500 square feet, offering flexibility for various retail concepts. The property enjoys a highly visible corner location, serving as a key access point to the mixed-use San Diego Spectrum development. This strategic position ensures high visibility and foot traffic, benefiting from a substantial daytime population drawn to the area's established businesses and residential community. Strong existing tenants in the immediate vicinity include 7-Eleven, Rubio's Coastal Grill, and Firehouse Subs, creating a synergistic and attractive retail environment. The location is further enhanced by the proximity of 600 existing residential units, with an additional 1,000 units planned for development within three blocks, promising significant future growth and increased customer base. This presents a compelling opportunity for investors seeking a high-traffic retail space in a rapidly expanding area of San Diego. The entire 14,000 square feet is available for lease or purchase, allowing for customization and development to suit a variety of retail needs.

    Property Features for 9187 Clairemont Mesa Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,000 SF

    Unit(s) available at that property

    Space
    Atm Space Available
    Size
    1 SF
    Space
    Suite 7
    Size
    2,500 SF

    We can help!

    Listing Contact
    Jae Chung
    Jae Chung

    Learn more

    Property Insight Report

    HighLights

    • Retail property totaling 14,000 square feet.
    • 14,000 square feet of vacant space available for lease.
    • Multiple tenant spaces available, ranging from 1 to 2,500 square feet.
    • High‑traffic corner location within the San Diego Spectrum mixed‑use development.
    • Strong existing tenant mix including 7‑Eleven, Rubio's Coastal Grill, and Firehouse Subs.
    • Proximity to 600 existing residential units and a proposed 1,000 additional units.
    Property Profile Location Intelligence

    Current Use by Public Records

    The UPS Store Shipping And Mailing Service San Diego Water ... Plumber JD construction enterprises ... General Contractor Firehouse Subs Kearny ... Sandwich Shop Pixel8 Media, Inc. Website Designer

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Building Supply Wholesale Shop Clothing Store Auto Repair Shop

    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
    -117.1315766
    Latitude
    32.8307902

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    FAQs

    What type of property is this?
    Retail property - High-traffic San Diego retail spaces available
    Where is this retail property located?
    The property is located at 9187 Clairemont Mesa Blvd San Diego, CA.
    What are key features of this property?
    This property features: Retail property totaling 14,000 square feet.; 14,000 square feet of vacant space available for lease.; Multiple tenant spaces available, ranging from 1 to 2,500 square feet.
    Request Owner's contact information
    9187 Clairemont Mesa Blvd San Diego, CA 92123
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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
    9187 Clairemont Mesa Blvd San Diego, CA 92123
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    We can help!
    Listing Contact
    Jae Chung
    Jae Chung
    Real Estate License ID: CA 01504403
    Learn more
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