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    3630 Enterprise St San Diego, CA 92110

    Sponsored
    For Sale
    $2,760,000

    Prime Medical Office, $2.76M, 3,334 SF

    Property size:
    3,334 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    399
    This single-story, 3,334 square foot medical office building in San Diego, CA, is offered at $2,760,000. Built in 1980 and extensively renovated in 2017, the property boasts a blend of modern amenities and Spanish architectural charm. Located on a 15,433 square foot lot (APN 4504900600), it features abundant secured parking and a roof-mounted solar array. The building is zoned CC-3-6 and holds an active OSHPD 3 certification, suitable for various medical uses including dialysis, surgical, rehab, primary care, psychology, and outpatient clinic services. Previously licensed as a birthing center, this versatile property presents a strong investment opportunity due to its prime location near major thoroughfares, commercial services, and significant ongoing residential and commercial redevelopment projects in the Midway District, close to Old Town San Diego State Historic Park, UC San Diego Medical Center, and Scripps Mercy Hospital. Easy access to I-5 and I-8 freeways ensures convenient connectivity. The property is also available for lease.

    Property Features for 3630 Enterprise St

    General Information

    Property type
    Medical offices
    Square Feet
    3,334 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1980/2017
    Stories
    1

    HighLights

    • 3,334 SF medical office building in San Diego, CA, offered at $2,760,000.
    • 1980 construction with extensive 2017 renovations, blending modern amenities with Spanish architectural charm.
    • Situated on a 15,433 SF lot (APN 4504900600) with ample secured parking and a solar array.
    • Zoned CC‑3‑6 with active OSHPD 3 certification, suitable for various medical uses.
    • Prime Midway District location near major freeways (I‑5 & I‑8), Old Town, UC San Diego Medical Center, and Scripps Mercy Hospital.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roberta L. Frank, ... Midwife Best Start Birth ... Birth Center San Diego HypnoBirthing Educational Consultant Ann Groonwald Midwife Birth from Love Health Consultant

    Suggested Use

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

    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
    -117.1986637
    Latitude
    32.7465007

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, $2.76M, 3,334 SF
    Where is this medical office located?
    The property is located at 3630 Enterprise St San Diego, CA.
    What is the asking price?
    The asking price for this property is $2,760,000.
    What are key features of this property?
    This property features: 3,334 SF medical office building in San Diego, CA, offered at $2,760,000.; 1980 construction with extensive 2017 renovations, blending modern amenities with Spanish architectural charm.; Situated on a 15,433 SF lot (APN 4504900600) with ample secured parking and a solar array.
    Request Owner's contact information
    3630 Enterprise St San Diego, CA 92110
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    San Diego, CA 92110
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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.

    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
    3630 Enterprise St San Diego, CA 92110
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