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    3089 Clairemont Dr San Diego, CA 92117
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    3089 Clairemont Dr San Diego, CA 92117

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mountain Mike's Pizza / Restaurant
    • JPL Construction Inc / General Contractor
    • Hammond Jason M MD / Physician
    • SD Wheel Works Bicycle Garage / (Bike/Boat/Book/etc) Store
    • Clairemont Village Cleaners / (Bike/Boat/Book/etc) Store

    Property Details for 3089 Clairemont Dr

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located at 3089 Clairemont Drive in the vibrant Clairemont Village neighborhood of San Diego, California, zip code 92117. The property offers two available retail spaces, ideal for a variety of businesses. Space sizes range from a comfortable 825 square feet to a more expansive 2,295 square feet, providing flexibility for different operational needs. The property is classified as inline retail within a multi-tenant building, offering potential for synergy and shared customer traffic. Situated in San Diego County, this location benefits from excellent visibility and accessibility, making it an attractive proposition for businesses seeking a strong presence in a thriving community. The precise configuration of the available spaces can be discussed further, allowing for potential customization to suit specific business requirements. This prime retail location in San Diego presents a compelling investment opportunity for businesses seeking to establish or expand their operations in a high-traffic area. Interested parties are encouraged to inquire for further details and to schedule a viewing to assess the suitability of the space for their business needs. The property's address is easily accessible and well-situated within the Clairemont Village commercial district. The latitude and longitude coordinates are 34.093933 and -117.7197627 respectively.

    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
    -117.72
    Latitude
    34.0939

    Comparable in this City

    • Value Estimation by Request
      513,800 SF

      4725 Clairemont Dr

      Retail properties & Spaces • 513,800 SF
      4725 Clairemont Dr, San Diego, CA 92117
      View Details
    • Value Estimation by Request
      0.17 Acres

      3851 Clairemont Mesa Blvd, Unit 53

      RETAIL STORES (PERSONAL SERVICES) • 0.17 Acres
      3851 Clairemont Mesa Blvd, San Diego, CA 92117-2713
      View Details
    • Value Estimation
      $7,565,000
      44,808 SF

      4241 Jutland Dr

      RETAIL STORES (PERSONAL SERVICES) • 44,808 SF
      4241 Jutland Dr, San Diego, CA 92117-3663
      View Details
    • Value Estimation
      $4,120,000
      17,831 SF

      4310 Genesee Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,831 SF
      4310 Genesee Ave, San Diego, CA 92117-4970
      View Details
    • Value Estimation by Request
      2,450 SF

      4798 Clairemont Mesa Blvd

      RESTAURANT • 2,450 SF
      4798 Clairemont Mesa Blvd, San Diego, CA 92117-2006
      View Details
    • Value Estimation by Request
      1.73 Acres

      3664 Clairemont Dr, Unit 3B

      PARKING GARAGE, PARKING STRUCTURE • 1.73 Acres
      3664 Clairemont Dr, San Diego, CA 92117-5954
      View Details

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    Similar Nearby for Lease

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      3,060 SF

      Retail Property 100% Leased

      Retail property currently 100% leased with no availability.
      4829 Clairemont Dr, San Diego, CA 92117
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      Retail Property 100% Leased

      Retail property, currently 100% leased, no availability.
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      Leased Retail Property

      Retail property, currently 100% leased, no availability.
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      Retail Space Available For Lease

      Retail property available for lease in San Diego, California.
      4120 Clairemont Mesa Blvd, San Diego, CA 92117
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      1,005 SF

      Retail Space in Established Market

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      4445 Clairemont Mesa Blvd, San Diego, CA 92117
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    San Diego, CA 92117
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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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