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    University Ave. & Fairmount Ave San Diego, CA 92105
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    Property profile & analytics

    University Ave. & Fairmount Ave San Diego, CA 92105

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    • Retail properties & Spaces
    • 108,741 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 University Ave. & Fairmount Ave

    Property size
    108,741 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.101
    Latitude
    32.7496

    Comparable in this City

    • Value Estimation
      $1,330,000
      5,632 SF

      4844 University Ave

      MEDICAL BUILDING • 5,632 SF
      4844 University Ave, San Diego, CA 92105-8021
      View Details
    • Value Estimation
      $1,115,000
      6,752 SF

      4228 El Cajon Blvd

      MEDICAL BUILDING • 6,752 SF
      4228 El Cajon Blvd, San Diego, CA 92105-1210
      View Details
    • Value Estimation
      $985,000
      1,836 SF

      4147 Fairmount Ave, Unit 49

      MEDICAL BUILDING • 1,836 SF
      4147 Fairmount Ave, San Diego, CA 92105-1609
      View Details
    • Value Estimation
      $505,000
      2,520 SF

      3811 El Cajon Blvd

      MEDICAL BUILDING • 2,520 SF
      3811 El Cajon Blvd, San Diego, CA 92105-1020
      View Details
    • Value Estimation
      $2,365,000
      15,051 SF

      4290 Polk Ave

      MEDICAL BUILDING • 15,051 SF
      4290 Polk Ave, San Diego, CA 92105-1524
      View Details
    • Value Estimation by Request
      1,961 SF

      4171 Fairmount Ave

      MEDICAL BUILDING • 1,961 SF
      4171 Fairmount Ave, San Diego, CA 92105-1609
      View Details

    Similar Nearby for Sale

    • $8,995,000
      9,112 SF

      San Diego Multifamily Investment Opportunity

      NNN leased 26-unit property with repositioning potential.
      4017 42Nd St, San Diego, CA 92105
      View Details
    • $1,875,000
      6,438 SF

      City Heights Commercial Corner Building

      Freestanding 6,438 SF commercial building in City Heights.
      4604 University Ave, San Diego, CA 92105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Lot on El Cajon

      Approximately 4,792 SF commercial lot available for lease.
      4288 El Cajon Blvd, San Diego, CA 92105
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent in San Diego, CA.
      5106 Federal Blvd, San Diego, CA 92105
      View Details
    • Contact for pricing

      Fairmount Ave Office Spaces Available

      Office spaces for rent ranging from 272 to 1,120 SqFt.
      4265 Fairmount Ave, San Diego, CA 92105
      View Details
    • Contact for pricing
      1,457 SF

      Office/Medical Space for Lease

      Office and medical space with updated finishes and free parking.
      5106 Federal Blvd, San Diego, CA 92105
      View Details
    • Contact for pricing
      15,527 SF

      Freestanding Retail Building For Rent

      15,527 SF freestanding building in high visibility shopping center.
      3893-3993 54Th St, San Diego, CA 92105
      View Details
    • Contact for pricing
      17,500 SF

      Retail Building Former Rite Aid

      Retail building available for rent, formerly a Rite Aid.
      1745 Euclid Ave, San Diego, CA 92105
      View Details
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    San Diego, CA 92105
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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.

    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.

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