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    San Marcos Blvd & Rancho Santa Fe Rd San Marcos, CA 92078

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    San Marcos Blvd & Rancho Santa Fe Rd San Marcos, CA 92078

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    • Lifestyle centers
    • 35,040 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 San Marcos Blvd & Rancho Santa Fe Rd

    Property size
    35,040 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    San Marcos Plaza, a thriving Albertsons-anchored shopping center in San Diego County, offers exceptional retail opportunities. This multi-tenant property boasts a total of 35,040 square feet, with 8,428 square feet currently vacant. Spaces range from a minimum of 1,100 square feet to a maximum contiguous space of 4,720 square feet, providing flexibility for various retail concepts. The center benefits from a highly desirable location directly across from San Marcos High School, home to over 3,500 students and faculty, ensuring a consistent flow of foot traffic. Its strategic placement conveniently serves the daily needs of residents in San Marcos, Carlsbad, and South Vista. Furthermore, the plaza enjoys a strong daytime population boost from the proximity of approximately 26 million square feet of Carlsbad and Vista business parks. The intersection of Rancho Santa Fe Road and San Marcos Boulevard, where the property is situated, is one of the busiest in North San Diego County, experiencing approximately 68,000 vehicles daily. A virtual tour is available for a comprehensive view of the property. This presents a unique chance to establish or expand a retail presence in a high-traffic, well-established shopping center within a densely populated and economically vibrant area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    San Diego
    State
    California
    Longitude
    -117.208
    Latitude
    33.1315

    Comparable in this City

    • Value Estimation
      $15,685,000
      93,034 SF

      137 Las Posas Rd, Unit 51

      MINI-MALL • 93,034 SF
      137 Las Posas Rd, San Marcos, CA 92078-2469
      View Details
    • Value Estimation
      $4,035,000
      22,700 SF

      645 Rancho Santa Fe Rd, Unit 67

      MINI-MALL • 22,700 SF
      645 Rancho Santa Fe Rd, San Marcos, CA 92078-3973
      View Details
    • Value Estimation by Request
      10.80 Acres

      565 Grand Ave, Unit 103

      MINI-MALL • 10.80 Acres
      565 Grand Ave, San Marcos, CA 92078-1236
      View Details
    • Value Estimation
      $895,000
      4,420 SF

      109 Las Posas Rd

      MINI-MALL • 4,420 SF
      109 Las Posas Rd, San Marcos, CA 92078-2419
      View Details
    • Value Estimation
      $810,000
      3,564 SF

      125 Las Posas Rd

      MINI-MALL • 3,564 SF
      125 Las Posas Rd, San Marcos, CA 92078-2419
      View Details
    • Value Estimation
      $1,675,000
      8,546 SF

      113 Las Posas Rd

      MINI-MALL • 8,546 SF
      113 Las Posas Rd, San Marcos, CA 92078-2467
      View Details

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      Prime Corner Retail Opportunity

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      San Marcos Commercial Land Opportunity

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      San Marcos Land with Ocean Views

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    Similar Nearby for Lease

    • Contact for pricing

      San Marcos Retail/Office Space

      Retail and office spaces available in central San Marcos.
      1286-1290 W San Marcos Blvd, San Marcos, CA 92078
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      1,255 SF

      Retail Space in San Marcos

      Retail space available at a busy San Marcos intersection.
      621-641 S Rancho Santa Fe Rd, San Marcos, CA 92078
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      1,057 SF

      Retail Space in Upgraded Center

      Retail spaces available in a recently upgraded shopping center.
      700-760 S Rancho Santa Fe Rd, San Marcos, CA 92078
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    • Contact for pricing

      Retail Space in San Marcos

      Retail space anchored by high-performing Albertsons in San Elijo Hills.
      1231 Elfin Forest Rd, San Marcos, CA 92078
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    • Contact for pricing
      3,502 SF

      Retail Space in San Marcos

      Retail space available for lease in San Marcos, California.
      137-151 S Las Posas Rd, San Marcos, CA 92078
      View Details
    • Contact for pricing
      4,421 SF

      Retail Pad Available Q1 2024

      Freestanding retail pad available in Q1 2024.
      667-669 S Rancho Santa Fe Rd, San Marcos, CA 92078
      View Details
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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.

    More about this property
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