Financial
Distress signals
Property profile

5151 Shoreham Pl San Diego, CA 92122

FOR LEASE
Retail space
Property ID
US09-8923211
36,705 SF 2.41 ac lot Built 1984
Last sale Feb 2018 · $10,825,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Governor Plaza, located at 5151 Shoreham Place in San Diego, California's Governor Park submarket (zip code 92122), offers flexible office space ideal for various businesses. This Class B, two-story building encompasses 38,679 square feet and currently has 5,851 square feet available for lease. The property features multiple suites, with the smallest divisible space measuring 1,257 square feet and the largest contiguous space totaling 2,760 square feet. The building is well-suited for

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$148k
Tax billed · 2024
Assessed value$12.08M
Assessed land$6.39M
Assessed improvement$5.69M
Effective rate1.23%

Value estimate

· Sep 2026
$10.33M
$9.30M – $11.36M
CAP approach$13.63M
NOI build-up
Gross scheduled income$1.16M
Vacancy & credit loss−$165k
Operating expenses−$249k
NOI · 3,111,241.67% cap applied$747k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$481/SF
Submarket average, outlier-cleaned · 855 recorded sales of this use type
Observed band · Q1–Q3$245 – $769
Qualifying comparables10

Cap rate analysis

How does the asset earn?
3,111,241.67%
$747k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
COMMERCIAL
JurisdictionSAN DIEGO

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant38.1
Dental Office30.7
Building Supply30.4

Location

5151 Shoreham Pl San Diego, CA 92122
County assessor Recorded deeds · 9 transfers 10 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
8610 Genesee, San Diego, CA 92122-1192 $124,000,000 Oct 2024 8,770 SF
5080 Shoreham, San Diego, CA 92122-5930 $11,000,000 Sep 2024 46,620 SF
8930 University Ctr, San Diego, CA 92122-1085 $11,000,000 Aug 2022 28,000 SF
7788 Regents, San Diego, CA 92122-1938 $18,548,500 Jul 2019 40,000 SF
6336 Greenwich Dr, San Diego, CA 92122-5922 $4,800,000 May 2019 16,181 SF
6200 Greenwich, San Diego, CA 92122-5913 $79,800,000 Oct 2018 70,601 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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