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Property profile & analytics
FOR LEASE
Office buildings
10505 Sorrento Valley Rd San Diego, CA 92121
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-8752853
For Lease
1 / 5
$10,525,000
10505 Sorrento Valley Rd, San Diego, CA 92121
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
54,640 SF
Lot
2.07 ac (90,169 SF)
Zoning code
COMMERCIAL
APN
340-081-04-00
UPID
US09-8752853
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Law Offices of Andrew A. Moher Law Firm
-
Crystal Stone, M.A. - Health and Life Coach Life Coach
-
Frederick Allen Richburg Physician
-
Geoffrey K Lange Physician
-
Java Seafood Imports Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.36M
Blend (final)
Blend
$10.53M
Owner & transaction history
Mg Gsl Corporate Office LLC · 7 yrs held
Mg Gsl Corporate Office LLC
since 2019
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.53M
Range $9.47M – $11.58M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$123,477
Tax year 2024
Assessed value
$10,046,102
Assessed 2024
Previous assessed
$10,046,102
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$5,023,051
Assessed improvement
$5,023,051
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1983
Heating
NONE
Units
1
Total area
54,640 SF
Lot
2.07 ac (90,169 SF)
Zoning code
COMMERCIAL
APN
340-081-04-00
UPID
US09-8752853
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Units
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Mg Gsl Corporate Office LLC
Entity
Mailing address
10505 SORRENTO VLY RD STE #300, SAN DIEGO, CA 92121-1619
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
—
Mg & Gsl Corp Office LLC
—
Deed
related
$6,500,000 · Bank Of America
Jan 30, 2019
$1,200,000
Mg Gsl Corporate Office LLC
Gsli LLC
Grant Deed
$6,900,000 · Western Alliance Bank
Jan 30, 2019
—
Mg & Gsl Corp Office LLC
—
Deed
related
$5,557,225 · Torrey Pines Bk
Aug 2, 2018
—
Gsli LLC
Mg/gsl Corp Office LLC
Quit Claim Deed
$6,900,000 · Western Alliance Bk
Oct 13, 2004
—
Mg Of Gsl Corporate Office LLC
American Industrial Props Reit
Grant Deed
$7,425,000 · California Bank & Trust
—
—
Mg & Gsl Corp Office LLC
—
Loan Modification
related
$5,557,225 · Torrey Pines Bk
—
—
Mg & Gsl Corp Office LLC
—
Deed Of Trust
related
$6,500,000 · Bank Of America
—
—
Mg & Gsl Corp Office LLC
—
Loan Modification
related
$6,172,016 · Western Alliance Bk
—
—
Mg & Gsl Corp Office LLC
—
Loan Modification
related
$6,900,000 · Western Alliance Bk
—
—
American Industrial Properties
—
Deed Of Trust
related
$1,000,000 · Bank One Texas NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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