Add Listing
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

    10240 Science Center Dr San Diego, CA 92121

    • Retail space
    • 49,347 SF
    • 2.75 lot acres
    For Lease
    View listing
    Last Sale
    Sep 26, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7293210
    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

    • Denovo Biopharma / Corporate Office
    • Salk Institute for Biological Studies North Campus / Research Institute

    Property Details for 10240 Science Center Dr

    Year built
    2001
    Lot size
    2.75 lot acres
    Property size
    49,347 SF
    Zone code
    RESTRICTED COMMERCIAL
    Property type
    Retail space
    APN
    340-180-02-00
    APU
    3401800200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $18,415,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.233
    Latitude
    32.891
    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
    $262,953
    $10,445,272
    $10,910,576
    $21,355,848
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $820,000
      4.62 Acres

      4790 Eastgate Mall

      RETAIL STORES (PERSONAL SERVICES) • 4.62 Acres
      4790 Eastgate Mall, San Diego, CA 92121-2060
      View Details
    • Value Estimation
      $2,945,000
      9,999 SF

      3545 Cray Ct

      RETAIL STORES (PERSONAL SERVICES) • 9,999 SF
      3545 Cray Ct, San Diego, CA 92121-1169
      View Details
    • Value Estimation
      $2,990,000
      9,999 SF

      9645 Scranton Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,999 SF
      9645 Scranton Rd, San Diego, CA 92121-1764
      View Details
    • Value Estimation
      $4,910,000
      19,824 SF

      11750 Sorrento Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 19,824 SF
      11750 Sorrento Vly Rd, San Diego, CA 92121-1025
      View Details
    • Value Estimation
      $7,980,000
      45,696 SF

      9404 Genesee Ave

      RETAIL STORES (PERSONAL SERVICES) • 45,696 SF
      9404 Genesee Ave, San Diego, CA 92121
      View Details
    • Value Estimation
      $7,530,000
      33,368 SF

      3420 Carmel Mtn Rd

      RETAIL STORES (PERSONAL SERVICES) • 33,368 SF
      3420 Carmel Mtn Rd, San Diego, CA 92121-1068
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,372 SF

      Turnkey Restaurant on Miramar Road

      Second-generation restaurant for sale on busy Miramar Road.
      7160 Miramar Rd, San Diego, CA 92121
      View Details
    • $2,990,000
      7,200 SF

      High-Finish Industrial Opportunity

      7,200 SF industrial property for sale in San Diego.
      8390 Juniper Creek Ln, San Diego, CA 92121
      View Details
    • Contact for pricing
      8,448 SF

      San Diego Industrial Property

      Industrial property with 8,448 square feet of space.
      7120 Carroll Rd, San Diego, CA 92121
      View Details
    • $1,900,000
      4,939 SF

      San Diego Flex/Industrial End-Cap

      4,939 SF flex/industrial space suitable for multiple occupants.
      8606 Commerce Ave, San Diego, CA 92121
      View Details
    • Contact for pricing
      92,262 SF

      Industrial Manufacturing Building in San Diego

      92,262 SF industrial manufacturing building on 4.25 AC.
      7545 Carroll Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      44,000 SF

      San Diego Warehouse on Large Lot

      44,000 SF warehouse with large fenced yard for sale.
      7565-7595 Carroll Rd, San Diego, CA 92121
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,540 SF

      Plaza Sorrento Retail Spaces

      San Diego County retail spaces available.
      6755 Mira Mesa Blvd, San Diego, CA 92121
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space on Miramar Road

      Retail space available in mixed-use shopping center.
      7040-7070 Miramar Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Available For Rent

      Retail space available for rent at 9254 Scranton Rd.
      9254 Scranton Rd, San Diego, CA 92121
      View Details
    • $2 SF/Yr
      10,100 SF

      Retail Space Available For Rent

      Retail property with 10100 square feet available for lease.
      6906 Miramar Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      1,045 SF

      Retail Space on Mira Mesa

      Retail space available for lease in San Diego, CA.
      6715 Mira Mesa Blvd, San Diego, CA 92121
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Pacific Heights

      Retail space for lease near corporate campuses in San Diego.
      10066 Pacific Heights Blvd, San Diego, CA 92121
      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.
    10240 Science Center Dr
    San Diego, CA 92121
    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.
    Sign Up Successful!
    You now have access to more from Realmo!