Medical Office Condo For
For Sale
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9750 Miramar Rd, San Diego, CA 92126
Office/medical condominium in I-15 corridor, ideal for owner/user.
Property Size1,215 SF
Price / SF$534.98
Days on Market778
Property Features for 9750 Miramar Rd
General Information
Standard status
Active
Size
1,215 SF
Property subtype
Office
Zoning
CC-2-4
Building Details
Year Built
1982
Listing Agency:
Voit Real Estate Services San Diego
Listed By:
Garrett Fena · License #01919122
Source:
Crexi
Added: Jun 27, 2024
Changed: Aug 8
Last Checked: Aug 8 at 11:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Voit Real Estate Services San Diego
Investment Insights
Based on property information with market context.
The property at 9750 Miramar Road, Suite 365, San Diego, CA 92126, is an office/medical condominium available for sale. Located in the I-15 corridor, this 1215 square foot unit presents an opportunity for an owner/user. The property is centrally located in San Diego.
Key Highlights
- Rare owner/user opportunity.
- Centrally located in the heart of San Diego.
- Office/medical condominium for sale.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,539
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,780
$510.8K
Cap Rate 7%
$364,843
$364.8K
Cap Rate 9%
$283,767
$283.8K
Market Conditions
NOI Build-Up for 1,215 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.4K $32.40/SF
− Vacancy
−$5.3K −$4.37/SF
EGI
$34.1K $28.03/SF
− OpEx
−$8.5K −$7.01/SF
NOI
$25.5K $21.02/SF
Area
ZIP 92126
Vacancy
13.50%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,780
Cap Rate 7%
$364,843
Cap Rate 9%
$283,767
Alternative Uses
Best Use
Office B
$364.8K
$319.2K – $425.7K
NOI $25,539 @ 7.0% cap · market cap 3.93%
Second Best
Healthcare Medical
$323.7K
$283.2K – $377.6K
NOI $22,657 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$435.4K
$381.0K – $508.0K
NOI $30,478 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,650
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92126, CA
74,788
Population
26,146
Households
2.9
Avg Household Size
37
Median Age
49%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,447
Density / Sq Mi
$123,232
Median Household Income
$56,975
Median Earnings
$2,630
Median Rent
$802,000
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Similar Off Market Nearby
- MC Miramar Veterinary Clinic — 6360 Bauer Rd, San Diego, CA 92145
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office/medical condominium in I-15 corridor, ideal for owner/user.
Where is this medical office space located?
The property is located at 9750 Miramar Rd San Diego, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Rare owner/user opportunity.; Centrally located in the heart of San Diego.; Office/medical condominium for sale.
