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

    10720 Thornmint Rd San Diego, CA 92127-2703

    • Manufacturing properties
    • 23,177 SF
    • 1.08 lot acres
    OFF-MARKET
    Last Sale
    Dec 19, 2024
    $5,400,000
    Value Estimations
    $5,570,000
    Show details
    Cap Rate Potential
    4.8%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-7055566
    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

    • Triple Threat SD LLC / Gym & Fitness Center
    • Kimberly Gates / Physician
    • Athletic Performance Physical Therapy / Physician
    • Elite Tae Kwon Do Academy / Sports School / Training Center
    • Edu Learning Center / Tutoring Service / Training Center

    Property Details for 10720 Thornmint Rd

    Year built
    1998
    Lot size
    1.08 lot acres
    Property size
    23,177 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    678-292-23-00
    APU
    6782922300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,720,000
      ML approach
      $5,765,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,570,000
      6.5%
      $4,215,000
      7%
      $3,915,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $8,930,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.106
    Latitude
    33.0182
    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
    $70,688
    $1,591,812
    $4,350,952
    $5,942,764
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $13,305,000
      99,999 SF

      16710 Via Del Campo Ct

      MANUFACTURING (LIGHT) • 99,999 SF
      16710 Via Del Campo Ct, San Diego, CA 92127-1712
      View Details
    • Value Estimation
      $1,285,000
      9,999 SF

      17082 Thornmint Ct

      MANUFACTURING (LIGHT) • 9,999 SF
      17082 Thornmint Ct, San Diego, CA 92127-2413
      View Details
    • Value Estimation
      $1,315,000
      9,999 SF

      10808 Willow Ct

      MANUFACTURING (LIGHT) • 9,999 SF
      10808 Willow Ct, San Diego, CA 92127-2408
      View Details
    • Value Estimation
      $2,275,000
      12,110 SF

      15920 Bernardo Ctr Dr

      MANUFACTURING (LIGHT) • 12,110 SF
      15920 Bernardo Ctr Dr, San Diego, CA 92127-1828
      View Details
    • Value Estimation by Request
      11.80 Acres

      16710 Via Del Campo Ct, Unit 50

      MANUFACTURING (LIGHT) • 11.80 Acres
      16710 Via Del Campo Ct, San Diego, CA 92127-1712
      View Details
    • Value Estimation
      $10,260,000
      74,000 SF

      10950 Via Frontera, Unit 68

      MANUFACTURING (LIGHT) • 74,000 SF
      10950 Via Frontera, San Diego, CA 92127-1704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      110,190 SF

      San Diego Flex Space For Sale

      110,190 SF Industrial Building, CA
      17066 Goldentop Rd, San Diego, CA 92127
      View Details
    • Contact for pricing

      Land for Long-Term Lease

      Land available for long-term lease with flexible usage options.
      Artesian Rd, San Diego, CA 92127
      View Details
    • $1,900,000
      111,078.00 Acres

      San Diego Land/Lot Opportunity

      2.55 acre lot to build your dream estate!
      Trailside Rd, San Diego, CA 92127
      View Details
    • $1,999,000
      111,513.60 Acres

      San Diego Land with Panoramic Views

      2.56 acre lot with no HOA and panoramic views.
      Trailside Rd, San Diego, CA 92127
      View Details
    • $1,880,000

      Land with Panoramic Views

      Land with panoramic views near schools, shopping, and dining.
      Camino Santa Fe, San Diego, CA 92127
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      164,050 SF

      San Diego Industrial Manufacturing Space

      164,050 SF Freestanding Building, San Diego
      16969 Mesamint St, San Diego, CA 92127
      View Details
    • New
      Contact for pricing

      CA, San Diego - Via del Campo Ct

      Discover many ways to work your way in ID, Meridian - W Overland Road
      16868 Floors, San Diego, CA 92127
      View Details
    • Contact for pricing
      110,190 SF

      Rancho Bernardo Flex Space Available

      Large Industrial Flex Space - San Diego
      17066 Goldentop Rd, San Diego, CA 92127
      View Details
    • Contact for pricing
      9,673 SF

      16120 W Bernardo Dr, San Diego, CA

      Flex space • 9,673 SF
      16120 W Bernardo Dr, San Diego, CA 92127
      View Details
    • Contact for pricing
      7,891 SF

      Industrial Space Available For Lease

      Industrial property with 7,891 square feet available for lease.
      16130 W Bernardo Dr, San Diego, CA 92127
      View Details
    • Contact for pricing
      4,730 SF

      Flex Space with Lab Features

      4,730 SF flex space featuring lab and office components.
      10840 Thornmint Rd, San Diego, CA 92127
      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.
    10720 Thornmint Rd
    San Diego, CA 92127-2703
    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!