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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3737 Camino Del Rio San Diego, CA 92108

    • Office Properties & Spaces
    • 39,960 SF
    • 8.72 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • First Rate Mortgage / Loan Service / Bank
    • Carrie Hill / Marriage Or Relationship Counselor
    • Truly Blessed Ministries / Church
    • Covered California Certified Agent - bruce stoll / Insurance Agency
    • Zazzera Financial & Insurance Services Inc / Insurance Agency

    Property Details for 3737 Camino Del Rio

    Year built
    1976
    Lot size
    8.72 lot acres
    Property size
    39,960 SF
    Property type
    Office Properties & Spaces

    Description

    This exceptional office opportunity is located at 3737 Camino Del Rio South in San Diego's vibrant Mission Valley submarket, within the Central San Diego cluster. The property, also known as the United Labor Center, is a traditional office building offering multiple tenancy options. A total of 39,960 square feet are available, with individual suites ranging from a minimum of 1,771 square feet to a maximum contiguous space of 1,897 square feet

    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
    -117.115
    Latitude
    32.7771

    Comparable in this City

    • Value Estimation by Request
      1,386 SF

      2221 Camino Del Rio S Ste, Unit 106

      CONDOMINIUM OFFICES • 1,386 SF
      2221 Camino Del Rio S Ste, San Diego, CA 92108-3609
      View Details
    • Value Estimation by Request
      2,317 SF

      3545 Camino Del Rio SE

      CONDOMINIUM OFFICES • 2,317 SF
      3545 Camino Del Rio SE, San Diego, CA 92108-4025
      View Details
    • Value Estimation by Request
      1,204 SF

      2221 Camino Del Rio S Ste, Unit 109

      CONDOMINIUM OFFICES • 1,204 SF
      2221 Camino Del Rio S Ste, San Diego, CA 92108-3609
      View Details
    • Value Estimation by Request
      843 SF

      2333 Camino Del Rio S Ste, Unit 110

      CONDOMINIUM OFFICES • 843 SF
      2333 Camino Del Rio S Ste, San Diego, CA 92108-3607
      View Details
    • Value Estimation by Request
      1,298 SF

      2333 Camino Del Rio S Ste, Unit 150

      CONDOMINIUM OFFICES • 1,298 SF
      2333 Camino Del Rio S Ste, San Diego, CA 92108-3617
      View Details
    • Value Estimation by Request
      1,239 SF

      2221 Camino Del Rio S Ste, Unit 202

      CONDOMINIUM OFFICES • 1,239 SF
      2221 Camino Del Rio S Ste, San Diego, CA 92108-3609
      View Details

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    Similar Nearby for Lease

    • $27 SF/Yr
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      Prime San Diego Executive Office Space

      7,429 SF Office Building, 3,936 SF Available
      3333 Camino Del Rio, San Diego, CA 92108
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    • $30 SF/Yr
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      Mission Valley Executive Suites

      Prime San Diego Office Space Available
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      View Details
    • $24 SF/Yr
      39,960 SF

      Mission Valley Office Space Available

      San Diego office suites, 1,771-1,897 sq ft.
      3737 Camino Del Rio, San Diego, CA 92108
      View Details
    • $24 SF/Yr
      46,653 SF

      Mission Valley Office Space for Lease

      San Diego Office Building, 3 Suites Available
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    • $2 SF/Yr
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      Office Properties & Spaces • 65,649 SF
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    • $27 SF/Yr
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      Mission Valley Executive Suites

      San Diego Office Space For Lease
      3110-3160 Camino Del Rio, San Diego, CA 92108
      View Details
    Request Owner's contact information
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    3737 Camino Del Rio
    San Diego, CA 92108
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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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