Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9424-9560 Chesapeake Dr San Diego, CA 92123
    Back to Search
    Property profile & analytics

    9424-9560 Chesapeake Dr San Diego, CA 92123

    View on Map
    • Warehouses
    • 35,247 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 9424-9560 Chesapeake Dr

    Property size
    35,247 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional San Diego industrial property, the Canyon Industrial Center, offers a total of 35,247 square feet of warehouse space for lease. The property is comprised of nine individual suites, providing flexibility for businesses of various sizes. Units range from a minimum of 1,299 square feet to a maximum contiguous space of 27,467 square feet, allowing for customization to meet specific operational needs. The warehouse boasts impressive ceiling heights ranging from 15 to 17 feet, providing ample vertical storage capacity. Convenient access is ensured with nine drive-in doors and four dock-high doors, facilitating efficient loading and unloading of goods. Ample parking is available, with a ratio of 2.46 spaces per 1,000 square feet. Currently, the entire 35,247 square feet is available for lease. Located at 9424-9560 Chesapeake Drive, San Diego, CA 92123, in San Diego County, this property presents a strategic opportunity for businesses seeking a well-equipped and conveniently located warehouse facility in a thriving market. The property's size and configuration make it ideal for a variety of industrial uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.124
    Latitude
    32.8383

    Comparable in this City

    • Value Estimation by Request
      3,663 SF

      9474 Chesapeake Dr

      Distribution properties • 3,663 SF
      9474 Chesapeake Dr, San Diego, CA 92123
      View Details
    • Value Estimation
      $3,645,000
      16,490 SF

      3830 Calle Fortunada

      WAREHOUSE, STORAGE • 16,490 SF
      3830 Calle Fortunada, San Diego, CA 92123-1825
      View Details
    • Value Estimation
      $5,280,000
      45,578 SF

      9150 Balboa Ave

      WAREHOUSE, STORAGE • 45,578 SF
      9150 Balboa Ave, San Diego, CA 92123-1512
      View Details
    • Value Estimation by Request
      20,155 SF

      9424 Chesapeake Dr, Unit 34

      WAREHOUSE, STORAGE • 20,155 SF
      9424 Chesapeake Dr, San Diego, CA 92123-1334
      View Details
    • Value Estimation
      $4,160,000
      29,376 SF

      3940 Ruffin Rd

      WAREHOUSE, STORAGE • 29,376 SF
      3940 Ruffin Rd, San Diego, CA 92123-1858
      View Details
    • Value Estimation
      $5,870,000
      41,520 SF

      4990 Viewridge Ave

      WAREHOUSE, STORAGE • 41,520 SF
      4990 Viewridge Ave, San Diego, CA 92123-1618
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,666 SF

      Kearny Mesa Office/Flex Opportunity

      Two-story office/flex building in Kearny Mesa for sale.
      5205 Kearny Villa Way, San Diego, CA 92123
      View Details
    • Contact for pricing
      768 SF

      Kearny Mesa Office Condominium

      Office condominium for sale in Kearny Mesa submarket.
      4540 Kearny Villa Rd, San Diego, CA 92123
      View Details
    • $2,600,000

      San Diego Office Building For Sale

      4,775 SF office building on a 0.94-acre lot.
      3704 Ruffin Rd, San Diego, CA 92123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      123,492 SF

      Secured Warehouse with Concrete Yard

      Large warehouse with secured yard and high power capacity.
      8888 Balboa Ave, San Diego, CA 92123
      View Details
    • Contact for pricing
      2,033 SF

      San Diego Flex Space Available

      Flex space with warehouse in San Diego, available 8/1/2025.
      9520 Chesapeake Dr, San Diego, CA 92123
      View Details
    • Contact for pricing
      57,642 SF

      High Image Class A Warehouse

      57,642 SF Class A warehouse space available now.
      4000 Ruffin Rd, San Diego, CA 92123
      View Details
    • $25 SF/Yr
      13,183 SF

      San Diego Warehouse Space Available

      High image business park with dock and grade level loading.
      9464-9466 Chesapeake Dr, San Diego, CA 92123
      View Details
    • Contact for pricing
      2,339 SF

      Industrial Space Available For Lease

      2,339 square feet industrial space for lease.
      5482 Complex St, San Diego, CA 92123
      View Details
    • Contact for pricing
      18,692 SF

      San Diego Flex/Industrial Space Available

      Flex/industrial space featuring offices, restrooms, and warehouse with loading docks.
      9510-9516 Chesapeake Dr, San Diego, CA 92123
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9424-9560 Chesapeake Dr
    San Diego, CA 92123
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9424-9560 Chesapeake Dr, San Diego, CA, 92123
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!