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    Property profile & analytics

    3356 2Nd Ave San Diego, CA 92103

    • Retail space
    • 2,045 SF
    • 0.12 lot acres
    For Lease
    View listing
    Last Sale
    Sep 18, 2023
    $2,500,000
    Value Estimations
    $2,545,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8867782
    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

    • Arlene R. Young, PhD / Psychologist
    • Rita Cole, M.A., LMFT / Psychotherapist / Counselor
    • Grossman Robin / Psychotherapist
    • Jennifer P. Jeter, MFT / Doctor
    • La Tanya Wallace, Nurse Practitioner / Health Consultant / Nurse Practitioner

    Property Details for 3356 2Nd Ave

    Year built
    2009
    Lot size
    0.12 lot acres
    Property size
    2,045 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    452-538-33-00
    APU
    4525383300

    Description

    This exceptional executive office suite offering presents a rare opportunity to secure prestigious workspace in the heart of San Diego, California. Located at 3356-3368 2nd Avenue, zip code 92103, this property boasts a total of 570 square feet of meticulously maintained office space, currently featuring three available suites. One square foot is currently vacant, presenting an ideal opportunity for a small business or individual professional seeking a prime location. The building offers convenient on-site parking for tenants, a significant advantage in this bustling urban area. The property is classified as an office building with a specific subtype of executive office, perfect for businesses seeking a professional and refined image. The multiple tenancy structure allows for a diverse and dynamic work environment. Situated in San Diego County, this location provides easy access to major transportation routes, local amenities, and a thriving business community. The address is 3356 - 3358 2nd Avenue, San Diego, CA 92103. This is an excellent opportunity to establish a presence in a highly sought-after area. The property's convenient location and modern amenities make it an ideal choice for discerning businesses seeking a sophisticated and productive workspace. Don't miss this chance to secure your ideal office space in the vibrant city of San Diego.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,970,000
      ML approach
      $2,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,944,000
      Market price range: $822k - $2.01M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,665,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,090,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.163
    Latitude
    32.7405
    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
    $13,538
    $900,000
    $200,000
    $1,100,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $775,000
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      3735 India St, Unit 39

      RETAIL STORES (PERSONAL SERVICES) • 3,175 SF
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      View Details
    • Value Estimation
      $1,885,000
      8,076 SF

      141 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,076 SF
      141 University Ave, San Diego, CA 92103-3063
      View Details
    • Value Estimation
      $1,710,000
      6,828 SF

      940 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,828 SF
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    • Value Estimation
      $1,630,000
      6,402 SF

      420 Robinson Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,402 SF
      420 Robinson Ave, San Diego, CA 92103-4234
      View Details
    • Value Estimation
      $2,105,000
      9,030 SF

      3955 5th Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,030 SF
      3955 5th Ave, San Diego, CA 92103-3195
      View Details

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    3356 2Nd Ave
    San Diego, CA 92103
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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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