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
    Property profile & analytics

    2232 Encinitas Blvd Encinitas, CA 92024

    • Data centers and call centers
    • 0.55 lot acres
    For Sale
    View listing
    $5,450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7008498
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bright Horizon / Preschool / School
    • The Academy at Bright Horizons / Preschool / Day Care Center

    Property Details for 2232 Encinitas Blvd

    Lot size
    0.55 lot acres
    Zone code
    COMMERCIAL
    Property type
    Data centers and call centers
    APN
    259-231-78-00
    APU
    2592317800

    Description

    This exceptional commercial property, located at 2232 Encinitas Blvd in Encinitas, CA 92024, presents a unique investment opportunity. The 7,579 square foot building sits on a 0.55-acre lot and boasts a prime location on Encinitas Boulevard, experiencing over 22,000 cars daily. Currently operating as a childcare facility, the property is in pristine condition, requiring no significant renovations. The existing single-tenant NNN lease has 2.5 years remaining, with a 5-year option. The property offers a stabilized investment with a 4.54% cap rate and a Net Operating Income (NOI) of $247,458. The asking price is $5,450,000, translating to a price per square foot of $719.09. The property's high visibility and strong tenant make it an attractive investment for those seeking a low-maintenance, high-return asset. Its strategic location near the intersection of Encinitas Blvd and Rancho Santa Fe Rd/Manchester Ave, across from Harvest Ranch Market, ensures excellent exposure and accessibility. The property's versatility allows for a variety of potential uses, making it an ideal investment for discerning buyers. The building is classified as Class B and is easily accessible from Interstate 5.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Encinitas
    County
    San Diego
    State
    California
    Longitude
    -117.239
    Latitude
    33.0382
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $31,978
    $570,244
    $1,844,379
    $2,414,623
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,737 SF

      101 Leucadia Blvd

      RADIO OR TV STATION • 3,737 SF
      101 Leucadia Blvd, Encinitas, CA 92024-1713
      View Details
    • Value Estimation by Request

      1444 Coast Hwy 101

      RADIO OR TV STATION
      1444 Coast Hwy 101, Encinitas, CA 92024-1443
      View Details
    • Value Estimation by Request
      11,770 SF

      850 Coast Hwy 101

      RADIO OR TV STATION • 11,770 SF
      850 Coast Hwy 101, Encinitas, CA 92024-4401
      View Details
    • Value Estimation by Request
      1,066 SF

      1160 Coast Hwy 101

      RADIO OR TV STATION • 1,066 SF
      1160 Coast Hwy 101, Encinitas, CA 92024-1421
      View Details
    • Value Estimation by Request
      6,482 SF

      1430 Amargosa Dr

      RADIO OR TV STATION • 6,482 SF
      1430 Amargosa Dr, Encinitas, CA 92024-5666
      View Details
    • Value Estimation by Request
      5,015 SF

      200 D St

      RADIO OR TV STATION • 5,015 SF
      200 D St, Encinitas, CA 92024-3517
      View Details

    Similar Nearby for Sale

    • $4,200,000
      2,680 SF

      Encinitas Medical Office Building

      Prime Medical Office, High Traffic Location
      303 Santa Fe Dr, Encinitas, CA 92024
      View Details
    • $4,500,000
      2,680 SF

      Encinitas Medical Office Building

      Prime Medical Corridor, Owner-User Opportunity
      303 Santa Fe Dr, Encinitas, CA 92024
      View Details
    • $3,100,000

      Medical Office Building For Sale

      Medical office building near Scripps Encinitas Hospital and Medical Campus.
      303 Santa Fe Dr, Encinitas, CA 92024
      View Details
    • $2,540,000
      2,809 SF

      Medical Office Condo For Sale

      Fully leased medical office condominium available for acquisition.
      781 Garden View Ct, Encinitas, CA 92024
      View Details
    • $3,650,000
      1,772 SF

      Encinitas Duplex: Modern Coastal Charm

      Elegantly reimagined duplex in downtown Encinitas, near shops and the beach.
      937 3Rd St, Encinitas, CA 92024
      View Details
    • Contact for pricing

      Encinitas Land Parcel For Sale

      7.27 acres of land zoned for residential development.
      501 Ocean Bluff Way, Encinitas, CA 92024
      View Details

    Similar Nearby for Lease

    • $48 SF/Yr
      12,563 SF

      Encinitas Office Space For Rent

      Full floor office opportunity in Encinitas, California.
      310 Santa Fe Dr, Encinitas, CA 92024
      View Details
    • $3 SF/Yr
      1,700 SF

      Encinitas Office Space For Rent

      High-end office space with exterior patio access and extensive glass.
      760 Garden View Ct, Encinitas, CA 92024
      View Details
    • $3 SF/Yr
      4,679 SF

      Versatile Space in Encinitas

      Adaptable space suitable for retail, office, or medical use.
      101 Leucadia Blvd, Encinitas, CA 92024
      View Details
    • Contact for pricing

      Encinitas Office Building - Leased

      Office building in Encinitas, CA, currently 100% leased.
      740 Garden View Ct, Encinitas, CA 92024
      View Details
    • $4 SF/Yr
      4,527 SF

      Retail/Office Space with Mezzanine

      Retail or office space featuring a mezzanine level.
      1010 S Coast Highway 101, Encinitas, CA 92024
      View Details
    • Contact for pricing

      Leased Office Building in Encinitas

      Fully leased office building in Encinitas, California.
      1967 N Coast Highway 101, Encinitas, CA 92024
      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.
    2232 Encinitas Blvd
    Encinitas, CA 92024
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.