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    909 Laurel St San Diego, CA 92101

    Sponsored
    For Sale
    $8,250,000

    Prime San Diego Office, Investment or Owner-User

    Property size:
    11,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,000-square-foot executive office building in San Diego's Little Italy presents a rare opportunity for both investors and owner-users. Located at 909 W Laurel St, 92101, this property boasts a prime location near the I-5 on-ramp, surrounded by walkable amenities. The building underwent a complete renovation in 2017, resulting in high-end finishes and a best-in-class aesthetic. Currently, the building is fully leased to three tenants, providing a strong investment opportunity with a 5.71% cap rate and a net operating income (NOI) of $470,720.69. The asking price is $8,250,000, translating to $750 per square foot. The lease with the current tenants expires December 31, 2028, but early termination is possible to accommodate an owner-user. A significant advantage is the inclusion of 30 parking spaces, a valuable asset in a location where parking is scarce and can generate additional income. The building offers excellent visibility and multiple signage opportunities. The seller is related to one of the tenants occupying 5,500 square feet of premium space on the second floor, making owner-occupancy a viable option. This property offers a unique blend of investment potential and the flexibility to serve as a headquarters for a discerning business. The building's superior location, recent renovation, and ample parking make it a truly exceptional offering in the competitive San Diego market.

    Property Features for 909 Laurel St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,000 SF

    HighLights

    • Exceptional Little Italy location near I‑5 on‑ramp, offering walkable amenities.
    • Completely renovated in 2017 with high‑end finishes.
    • Excellent visibility and multiple signage opportunities.
    • 30 parking spaces, a rare commodity in Little Italy, with income potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cn Soft Solutions Computer Service Bespoke Partners Recruiter Task Software Software Company Proximetry Software Company Nowadays Corporate Office

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Law Firm 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
    -117.1712801
    Latitude
    32.7300454

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    FAQs

    What type of property is this?
    Office Property / Space - Prime San Diego Office, Investment or Owner-User
    Where is this office property / space located?
    The property is located at 909 Laurel St San Diego, CA.
    What is the asking price?
    The asking price for this property is $8,250,000.
    What are key features of this property?
    This property features: Exceptional Little Italy location near I-5 on-ramp, offering walkable amenities.; Completely renovated in 2017 with high-end finishes.; Excellent visibility and multiple signage opportunities.
    Request Owner's contact information
    909 Laurel St 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
    909 Laurel St San Diego, CA 92101
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