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    7051 Alvarado Rd La Mesa, CA 91942

    For Sale
    $6,950,000

    Prime Medical Office, I-8 Visibility

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story, 10,000 square foot medical office building in La Mesa, CA, presents a unique owner-user or investment opportunity. Boasting a highly visible location on Interstate 8 with prominent freeway signage, this Class B property enjoys exposure to approximately 170,000 vehicles daily, offering unparalleled "free advertising." Currently configured with three units across two stories, the building includes a 2,500 square foot ground floor space leased to a surgical center, generating existing income. The seller currently occupies the entire second floor and is open to various scenarios, including vacating for an owner-user, creating a new lease, or downsizing to the ground floor space. The property features an elevator and ample on-site parking (45 spaces). Situated in a convenient location with nearby restaurants and businesses, it's also minutes from San Diego State University and other medical facilities. The 38,391 square foot lot is zoned CM-F-D. This NNN-leased property is offered at $6,950,000 ($695/sq ft) with a pro-forma cap rate of 4.10%. The property's prime location, freeway visibility, and existing tenancy make it an attractive investment for both owner-users and investors. Walking distance to the 70th Street Trolley Station adds further convenience.

    Property Features for 7051 Alvarado Rd

    General Information

    Property type
    Medical offices
    Square Feet
    10,000 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • Highly visible location on Interstate 8 in La Mesa, CA, with prominent freeway signage and daily exposure to 170,000 vehicles.
    • 10,000 square foot Class B medical office building on a 38,391 square foot lot zoned CM‑F‑D.
    • 45 on‑site parking spaces and an elevator.
    • Owner‑user or investment opportunity; currently configured with three units, including a ground floor surgical center lease generating income.
    • Walking distance to the 70th Street Trolley Station.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coldwell Banker Commercial Real Estate Agency Robert Lajvardi, MD Family Practice Physician Encompass Family and Internal ... Medical Clinic Verdolin Pain Specialists, ... Pain Management Physician Pain Specialists of SD Pain Management Physician

    Suggested Use

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

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    San Diego
    State
    California
    Longitude
    -117.0456182
    Latitude
    32.7727854

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, I-8 Visibility
    Where is this medical office located?
    The property is located at 7051 Alvarado Rd La Mesa, CA.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: Highly visible location on Interstate 8 in La Mesa, CA, with prominent freeway signage and daily exposure to 170,000 vehicles.; 10,000 square foot Class B medical office building on a 38,391 square foot lot zoned CM-F-D.; 45 on-site parking spaces and an elevator.
    Request Owner's contact information
    7051 Alvarado Rd La Mesa, CA 91942
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    La Mesa, CA 91942
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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
    7051 Alvarado Rd La Mesa, CA 91942
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