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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1050 Thomas Ave San Diego, CA 92109

    • Churches & religious facilities
    • 10,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6700453
    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

    • St. Andrew's by-the-Sea Episcopal Church / Episcopal Church
    • St Andrew's By The Sea Episcopal Preschool / Preschool

    Property Details for 1050 Thomas Ave

    Property size
    10,000 SF
    Property type
    Churches & religious facilities

    Description

    This exceptional 10,000-square-foot retail property located at 1050 Thomas Ave, San Diego, CA 92109, presents a unique leasing opportunity. Currently configured as a church, this single-tenant space offers a versatile layout ideal for a variety of uses. The building boasts a large, multi-purpose sanctuary, perfect for gatherings or events, along with a spacious fellowship hall and a dedicated meeting room. These adaptable spaces provide ample room for diverse activities and functions. Situated in San Diego County, this property benefits from excellent visibility and accessibility. The property is available for lease on Sunday, Monday, and Thursday evenings. The building's substantial size and well-defined areas offer significant potential for a variety of businesses or organizations seeking a prominent location in a thriving community. This is a rare opportunity to secure a substantial space with existing infrastructure in a desirable San Diego location. Interested parties should review the detailed property information and contact the appropriate channels for further inquiries. Please respect the current occupants and refrain from disturbing the church during regular operating hours.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.250155
    Latitude
    32.7949127

    Comparable in this City

    • Contact for pricing

      Mission Boulevard Specialty Property

      Specialty property available for rent on Mission Boulevard.
      4603 Mission Blvd, San Diego, CA 92109
      View Details
    • Contact for pricing

      Prime Retail Space on Garnet

      High-profile shopping center with ample parking in Pacific Beach.
      1702 Garnet Ave, San Diego, CA 92109
      View Details
    • $9,100 /Mo
      3,600 SF

      Retail Space on Garnet Avenue

      3,600 SF retail space with parking available for lease.
      1050 Garnet Ave, San Diego, CA 92109
      View Details
    • $1,995 /Mo
      470 SF

      Retail/Office Space on Garnet Avenue

      Retail or office space with high foot and vehicle traffic.
      1146 Garnet Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      5,058 SF

      Prime San Diego Retail Space

      5,058 SF Vacant Retail in San Diego
      856 Grand Ave, San Diego, CA 92109
      View Details
    • Contact for pricing

      Retail Space For Rent

      Retail space available for lease in San Diego, CA.
      2736 Garnet Ave, San Diego, CA 92109
      View Details

    Similar Nearby for Sale

    • $3,945,000

      Pacific Beach Specialty Property

      Specialty property in Pacific Beach available for sale.
      1152 Pacific Beach Dr, San Diego, CA 92109
      View Details
    • $1,725,000

      San Diego Specialty Property

      Specialty property available for sale in San Diego, California.
      814 San Luis Rey Pl, San Diego, CA 92109
      View Details
    • $1,850,000

      San Diego Specialty Property

      Specialty property for sale in San Diego, California.
      2136 Reed St, San Diego, CA 92109
      View Details
    • $3,300,000

      San Diego Specialty Property

      Specialty property available for sale in San Diego, California.
      4437 Lamont St, San Diego, CA 92109
      View Details
    • $1,795,000

      San Diego Commercial Property Available

      Commercial property for sale in San Diego, California.
      818 San Luis Rey Pl, San Diego, CA 92109
      View Details
    • $3,100,000
      5,519 SF

      San Diego Retail and Automotive

      Retail and automotive property in San Diego for sale.
      4448-4450 Lamont St, San Diego, CA 92109
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mission Boulevard Specialty Property

      Specialty property available for rent on Mission Boulevard.
      4603 Mission Blvd, San Diego, CA 92109
      View Details
    • Contact for pricing
      295 SF

      Mission Blvd Executive Office Space

      San Diego Executive Suite Available Now
      4603 Mission Blvd, San Diego, CA 92109
      View Details
    • Contact for pricing

      1429 Garnet Ave pacific beach

      Retail Space - 1429 Garnet Ave pacific beach
      1429 Garnet Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      2,490 SF

      Prime Restaurant Space Available Soon

      2,490 SF end cap restaurant space in Pacific Beach.
      1640 Garnet Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      2,000 SF

      Turnkey Restaurant Space with Patio

      Fully built-out restaurant space with golf course-facing patio.
      2702 N Mission Bay Dr, San Diego, CA 92109
      View Details
    • Contact for pricing

      Prime Retail Space on Garnet

      High-profile shopping center with ample parking in Pacific Beach.
      1702 Garnet Ave, San Diego, CA 92109
      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.
    1050 Thomas Ave
    San Diego, CA 92109
    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.
    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.