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

    16466-16516 Bernardo Center Dr San Diego, CA 92128

    • Office Properties & Spaces
    • 105,229 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 16466-16516 Bernardo Center Dr

    Property size
    105,229 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    Clock Tower Office Plaza, located in the vibrant Town Center of Rancho Bernardo, San Diego, CA 92128, offers exceptional office space in a prime location. This Class B property, situated at 16466-16516 Bernardo Center Drive, comprises five multi-tenant buildings totaling 105,229 square feet. The buildings feature elevator service and offer a range of suite sizes, with a minimum divisible space of 200 square feet and a maximum contiguous space of 320 square feet. Currently, 1,267 square feet of vacant space is available. The property's distinct architectural design boasts abundant window lines, operable windows in select suites, and above-standard ceiling heights in certain areas, providing tenants with ample natural light and a comfortable work environment. Each suite allows for tenant identity, enhancing individual branding. The convenient location offers easy access to numerous retail amenities, services, and public transportation, making it an ideal location for businesses of all sizes. The property is zoned CC-2-3 City of San Diego and offers ample parking with a ratio of 3.9 spaces per 1,000 square feet. This multi-tenant property allows for growth opportunities within the complex. The property is categorized as Executive and Medical Office space.

    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
    -117.078
    Latitude
    33.0137

    Comparable in this City

    • Value Estimation by Request
      1,086 SF

      11939 Rancho Bernardo Rd

      Medical offices • 1,086 SF
      11939 Rancho Bernardo Rd, San Diego, CA 92128
      View Details
    • Value Estimation by Request
      83,220 SF

      16473 Bernardo Center Dr

      Restaurants • 83,220 SF
      16473 Bernardo Center Dr, San Diego, CA 92128
      View Details
    • Value Estimation
      $2,055,000
      9,999 SF

      15004 Innovation Dr

      MEDICAL BUILDING • 9,999 SF
      15004 Innovation Dr, San Diego, CA 92128-3491
      View Details
    • Value Estimation
      $8,055,000
      34,960 SF

      16766 Bernardo Ctr Dr

      MEDICAL BUILDING • 34,960 SF
      16766 Bernardo Ctr Dr, San Diego, CA 92128-2545
      View Details
    • Value Estimation
      $1,680,000
      7,600 SF

      11820 Ave Of Industry

      MEDICAL BUILDING • 7,600 SF
      11820 Ave Of Industry, San Diego, CA 92128
      View Details
    • Value Estimation
      $13,720,000
      85,271 SF

      15025 Innovation Dr

      MEDICAL BUILDING • 85,271 SF
      15025 Innovation Dr, San Diego, CA 92128-3455
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      71,971 SF

      RB Medical Plaza: San Diego

      Prime Medical Office, High Demand
      11770 Bernardo Plaza Ct, San Diego, CA 92128
      View Details
    • $674,000

      San Diego 55+ Community Home

      Well-maintained home in a sought-after 55+ San Diego community.
      12491 Rios Rd, San Diego, CA 92128
      View Details
    • Contact for pricing
      427,405 SF

      Elite San Diego Office Campus

      Trophy office campus in San Diego's innovation ecosystem.
      13500 Evening Creek Dr N, San Diego, CA 92128
      View Details
    • $1,995,000
      4,198 SF

      Industrial Warehouse Space For Sale

      Industrial warehouse space featuring one grade level loading door.
      12335 World Trade Dr, San Diego, CA 92128
      View Details
    • $599,900
      948 SF

      Updated Condo in Poway School

      Updated 2-bedroom condo with modern amenities and convenient location.
      10722 Sabre Hill Dr, San Diego, CA 92128
      View Details
    • $799,900
      1,322 SF

      Carmel Mountain Ranch Condo with Views

      Two-bedroom condo with loft and mountain views in gated community.
      11133 Provencal Pl, San Diego, CA 92128
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      105,229 SF

      Clock Tower Office Plaza, San Diego

      Prime San Diego Office Suites, 807-1838 sqft
      16466 Bernardo Center Dr, San Diego, CA 92128
      View Details
    • Contact for pricing
      83,220 SF

      Bernardo Center Retail Spaces Available

      San Diego retail space, ample parking.
      16473 Bernardo Center Dr, San Diego, CA 92128
      View Details
    • $2 SF/Yr
      1,516 SF

      Rancho Bernardo Office/Medical Space

      Office and medical spaces in Town Center Rancho Bernardo.
      16440-16516 Bernardo Center Dr, San Diego, CA 92128
      View Details
    • Contact for pricing
      3,278 SF

      Bernardo Center Drive Retail/Office Suite

      Medical/Office/Retail suite available for lease in San Diego.
      16810-16816 Bernardo Center Dr, San Diego, CA 92128
      View Details
    • Contact for pricing
      868 SF

      Medical Office Space For Rent

      Four-story medical office building in Rancho Bernardo.
      11770 Bernardo Plaza Ct, San Diego, CA 92128
      View Details
    • Contact for pricing

      Fully Leased Office Space

      Office property in San Diego, currently 100% leased.
      15004 Innovation Dr, San Diego, CA 92128
      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.
    16466-16516 Bernardo Center Dr
    San Diego, CA 92128
    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.