Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    Mount Albertine Ave San Diego, CA 92111

    • Land
    • 3.05 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Mount Albertine Ave

    Lot size
    3.05 lot acres
    Property type
    Land

    Description

    This 3.05-acre San Diego County property (APN 420-480-07-00 & 420-480-06-00), zoned RS-1-7, offers a unique opportunity to develop 13 single-family residential lots. Currently awaiting final environmental review comments, the anticipated timeline for approvals is approximately 9 months, including a 30-60 day circulation period for the environmental report, followed by planning commission and City Council consideration. A concurrent processing agreement with the Development Services Department (DSD) is in place, allowing for simultaneous submission of elevations and construction drawings for the street and all 13 homes, streamlining coordination with SDG&E and the water company. This proactive approach aims for groundbreaking by January 2025. The property is offered fee simple and is suitable for a 1031 exchange. Located in a high-resource area on Mt Albertine Ave, San Diego, CA 92111, this offering presents a compelling investment prospect for developers seeking a prime residential development opportunity in a desirable San Diego location. The asking price is $3,850,000.

    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
    -117.174
    Latitude
    32.8131

    Comparable in this City

    • Value Estimation
      $345,000
      1.02 Acres

      6601 Kelly St, Unit 31

      APARTMENT HOUSE (5+ UNITS) • 1.02 Acres
      6601 Kelly St, San Diego, CA 92111-6523
      View Details
    • Value Estimation by Request

      7720 Belden St, Unit 80

      APARTMENT HOUSE (5+ UNITS)
      7720 Belden St, San Diego, CA 92111-4486
      View Details
    • Value Estimation
      $350,000
      0.70 Acres

      2235 Ulric St

      APARTMENT HOUSE (5+ UNITS) • 0.70 Acres
      2235 Ulric St, San Diego, CA 92111-6410
      View Details
    • Value Estimation
      $445,000
      0.60 Acres

      2245 Ulric St, Unit 69

      APARTMENT HOUSE (5+ UNITS) • 0.60 Acres
      2245 Ulric St, San Diego, CA 92111-6407
      View Details
    • Value Estimation
      $390,000
      0.31 Acres

      2255 Ulric St, Unit 77

      APARTMENT HOUSE (5+ UNITS) • 0.31 Acres
      2255 Ulric St, San Diego, CA 92111-6449
      View Details
    • Value Estimation
      $285,000
      3.35 Acres

      2102 Crandall Dr, Unit 30

      APARTMENT HOUSE (5+ UNITS) • 3.35 Acres
      2102 Crandall Dr, San Diego, CA 92111-6718
      View Details

    Similar Nearby for Sale

    • $8,500,000

      Convoy Street Land Opportunity

      Three parcels totaling ±1.34 acres on Convoy Street.
      4125 Convoy St, San Diego, CA 92111
      View Details
    • $1,200,000
      13,301.00 Acres

      Duplex on Large Lot

      Duplex with expansion potential on a 13,000 square foot lot.
      7126 Hyatt St, San Diego, CA 92111
      View Details
    • $516,850
      872 SF

      Move-In Ready Condo with Backyard

      Bright 2-bedroom condo with ADA upgrades and private backyard.
      3505 Angelucci St, San Diego, CA 92111
      View Details
    • $999,000

      Linda Vista Duplex For Sale

      Well-maintained duplex in Linda Vista with income-producing potential.
      2216 Dunlop St, San Diego, CA 92111
      View Details
    • $2,100,000

      Linda Vista 8-Unit Apartment Complex

      Turn-key apartment complex in high-demand Linda Vista neighborhood.
      2220 Dunlop St, San Diego, CA 92111
      View Details
    • $2,425,000

      Linda Vista Investment Property

      Multi-unit property in central San Diego with income potential.
      6736-40 Kelly St, San Diego, CA 92111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,452 SF

      Kearny Mesa Medical Office Space

      Medical office space in a convenient Kearny Mesa location.
      3750 Convoy St, San Diego, CA 92111
      View Details
    • $2 SF/Yr
      2,080 SF

      Kearny Mesa Retail Opportunity

      Retail and restaurant spaces available in renovated Kearny Mesa center.
      8340 Clairemont Mesa Blvd, San Diego, CA 92111
      View Details
    • $1.65 SF/Yr
      15,000 SF

      Industrial Space in San Diego

      15,000 sq ft industrial property available for rent.
      5625 Copley Dr, San Diego, CA 92111
      View Details
    • $26 SF/Yr
      880 SF

      San Diego Flex/Industrial Space

      Flex/Industrial space available for lease in San Diego, CA.
      8250 Vickers St, San Diego, CA 92111
      View Details
    • $1.85 SF/Yr
      20,000 SF

      Industrial Warehouse Space Available

      20,000 SF industrial warehouse space for lease.
      7240-7258 Clairemont Mesa Blvd, San Diego, CA 92111
      View Details
    • $2 SF/Yr
      1,805 SF

      San Diego Flex/Industrial Space

      Flex/industrial space available for lease in San Diego, CA.
      7370 Opportunity Rd, San Diego, CA 92111
      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.
    Mount Albertine Ave
    San Diego, CA 92111
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.