Technical
Financial
Distress signals
Property profile

100 N Rancho Santa Fe Rd San Marcos, CA 92069

FOR LEASE
Retail space
Property ID
US09-9703936
50,304 SF 3.71 ac lot Built 1985
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional retail property, located at 100-120 N Rancho Santa Fe Rd in San Marcos, CA 92069, offers 31,579 square feet of versatile commercial space. Currently housing a diverse mix of tenants including a gym, nail salon, dentist, and other retail and office spaces, this multi-tenant building presents a significant investment opportunity. The property sits on a substantial 4.23 acres of land and boasts 20 individual suites, with a minimum divisible space of 1,184 square feet and a maximum contiguous space of 18,990 square feet, providing flexibility for various business needs. Built in 1985, the property is undergoing significant improvements under new ownership. These renovations include exterior painting, a remodeled parking lot, a new roof, and updated monument and pylon signage. The property benefits from 24-hour access and high freeway visibility, ensuring optimal exposure for tenants. Situated in the San Diego North County submarket, specifically the San Marcos cluster, this location offers excellent access to a thriving community. This is a rare opportunity to acquire a well-located, multi-tenant retail center with significant upside potential due to the planned renovations and prime San Marcos location. The property's size and diverse tenant mix make it an attractive investment for both seasoned and emerging investors seeking a strong return on investment in a desirable market.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 50,304 SF
Lot 3.71 ac (161,607 SF)
Zoning code COMMERCIAL
APN 219-117-49-00
UPID US09-9703936

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Veterinary Clinic
  • Gym & Fitness Center
  • Ophthalmologist
  • Ophthalmologist
  • Eye Care Center Ophthalmology Clinic

Location

100 N Rancho Santa Fe Rd San Marcos, CA 92069
San Marcos metro Census 20036 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.32M
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.84M
Blend (final) Blend
$6.55M

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2025
Price N/A
2023
$6.3M
2022
$7.1M
2021
$264,000
2019
Price N/A
2018
Price N/A

Zoning & alternative use

COMMERCIAL · San Marcos, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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