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    Black Mtn Rd. & Twin Trl Dr San Diego, CA 92129
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    Black Mtn Rd. & Twin Trl Dr San Diego, CA 92129

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    • Retail properties & Spaces
    • 156,775 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Black Mtn Rd. & Twin Trl Dr

    Property size
    156,775 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    Rancho Penasquitos Towne Center offers exceptional retail opportunities in San Diego County. This vibrant, open-air shopping center boasts a total of 156,775 square feet and is anchored by Vons and Rite Aid, ensuring high foot traffic and visibility. Currently, there are four available spaces ranging from 960 to 3,706 contiguous square feet, ideal for a variety of businesses. The center features a diverse tenant mix of over 50 service, eatery, and retail establishments, creating a thriving commercial environment. The property sits on a spacious 13-acre lot and provides ample parking with 601 spaces for customer convenience. The center's multiple tenancy structure offers flexibility for businesses of various sizes. With a total of five suites, this property presents a unique chance to establish or expand your business within a well-established and successful shopping center. The available vacant space totals 7,191 square feet, providing options for businesses seeking different sizes of retail space. This is a prime location in a high-traffic area, offering excellent potential for growth and profitability. The minimum divisible space is 960 square feet, making it accessible to a wide range of businesses. Don't miss this opportunity to secure your place in this thriving San Diego County retail hub.

    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
    -117.128
    Latitude
    32.9573

    Comparable in this City

    • Value Estimation
      $1,285,000
      3,311 SF

      12889 Rancho Penasquitos Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,311 SF
      12889 Rancho Penasquitos Blvd, San Diego, CA 92129-2967
      View Details
    • Value Estimation
      $10,765,000
      59,610 SF

      14340 Penasquitos Dr

      RETAIL STORES (PERSONAL SERVICES) • 59,610 SF
      14340 Penasquitos Dr, San Diego, CA 92129-1602
      View Details
    • Value Estimation
      $6,170,000
      24,361 SF

      9840 Carmel Mtn Rd, Unit 88

      RETAIL STORES (PERSONAL SERVICES) • 24,361 SF
      9840 Carmel Mtn Rd, San Diego, CA 92129-2812
      View Details
    • Value Estimation by Request
      0.36 Acres

      9939 Carmel Mtn Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.36 Acres
      9939 Carmel Mtn Rd, San Diego, CA 92129-2813
      View Details
    • Value Estimation
      $7,385,000
      39,059 SF

      12736 Rancho Penasquitos Blvd, Unit 78

      RETAIL STORES (PERSONAL SERVICES) • 39,059 SF
      12736 Rancho Penasquitos Blvd, San Diego, CA 92129-2938
      View Details
    • Value Estimation
      $3,290,000
      15,200 SF

      9932 Mercy Rd, Unit 34

      RETAIL STORES (PERSONAL SERVICES) • 15,200 SF
      9932 Mercy Rd, San Diego, CA 92129-5033
      View Details

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    • Contact for pricing
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      Retail space with high traffic and purchasing power.
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      Retail Space in San Diego

      Retail space available for lease in San Diego, CA.
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      Retail Space with Freeway Visibility

      Retail space available with high traffic and purchasing power.
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      1,800 SF

      Scripps Ranch Retail Spaces Available

      Retail and restaurant spaces for lease in San Diego.
      9932 Mercy Rd, San Diego, CA 92129
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    • Contact for pricing
      3,706 SF

      Rancho Penasquitos Retail Space Available

      Open-air shopping center with diverse retail and dining options.
      13173-13185 Twin Trails Dr, San Diego, CA 92129
      View Details
    • Contact for pricing

      Retail Space at Carmel Mountain

      Retail spaces available at Rancho Penasquitos and Carmel Mountain.
      9840-9888 Carmel Mountain Rd, San Diego, CA 92129
      View Details
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    San Diego, CA 92129
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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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