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

    11225 Bernardo Ct, Unit 45 San Diego, CA 92127-1638

    • Warehouses
    • 37,292 SF
    • 5.29 lot acres
    OFF-MARKET
    Last Sale
    May 22, 2023
    $10,200,000
    Value Estimations
    $12,765,000
    Show details
    Cap Rate Potential
    4.1%
    Warehouses
    Location Intelligence
    Property ID
    US09-8848075
    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

    • P R Electronics Inc / Electronic Parts Supplier
    • Oakwood Escrow Rancho Bernardo / Escrow Service
    • Xicor / Electrical Supply Store

    Property Details for 11225 Bernardo Ct

    Year built
    1988
    Lot size
    5.29 lot acres
    Property size
    37,292 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Warehouses
    APN
    678-200-06-00
    APU
    6782000600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,925,000
      ML approach
      $11,010,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,925,000
      6.5%
      $8,240,000
      7%
      $7,650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,314,000
      Market price range: $6.75M - $23.4M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $12,025,000
      Current use
      RETAIL STORES
      $17,935,000
      Change: +49% Conversion: Moderate
      OFFICE BUILDING
      $15,740,000
      Change: +31% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $14,985,000
      Change: +25% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.085
    Latitude
    33.0216
    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
    $118,485
    $4,080,000
    $6,324,000
    $10,404,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $890,000
      11.72 Acres

      10999 Willow Ct

      WAREHOUSE, STORAGE • 11.72 Acres
      10999 Willow Ct, San Diego, CA 92127-2409
      View Details
    • Value Estimation
      $1,305,000
      84,520 SF

      10946 Willow Ct, Unit 48

      WAREHOUSE, STORAGE • 84,520 SF
      10946 Willow Ct, San Diego, CA 92127-2411
      View Details
    • Value Estimation
      $1,545,000
      46,257 SF

      10883 Thornmint Rd

      WAREHOUSE, STORAGE • 46,257 SF
      10883 Thornmint Rd, San Diego, CA 92127-2403
      View Details
    • Value Estimation
      $1,020,000
      17,692 SF

      10730 Thornmint Rd

      WAREHOUSE, STORAGE • 17,692 SF
      10730 Thornmint Rd, San Diego, CA 92127-2700
      View Details
    • Value Estimation
      $1,590,000
      74,990 SF

      11011 Via Frontera, Unit 31

      WAREHOUSE, STORAGE • 74,990 SF
      11011 Via Frontera, San Diego, CA 92127-1752
      View Details
    • Value Estimation
      $545,000
      5,326 SF

      11411 Bernardo Ct

      WAREHOUSE, STORAGE • 5,326 SF
      11411 Bernardo Ct, San Diego, CA 92127-1639
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      110,190 SF

      San Diego Flex Space For Sale

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      Land for Long-Term Lease

      Land available for long-term lease with flexible usage options.
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      San Diego Land with Panoramic Views

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      San Diego Land/Lot Opportunity

      2.55 acre lot to build your dream estate!
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    • Contact for pricing
      500,000 SF

      Rancho Bernardo Class A Office

      500,000 square-foot Class A office tower on 7.85 acres.
      16535 Via Esprillo, San Diego, CA 92127
      View Details

    Similar Nearby for Lease

    • $1.24 SF/Yr
      13,529 SF

      Industrial Space Available For Sublease

      Industrial space available for sublease through November 30, 2028.
      10948 Willow Ct, San Diego, CA 92127
      View Details
    • $2 SF/Yr
      12,393 SF

      Versatile Flex Space Available

      Flex space featuring offices, labs, and warehouse area for rent.
      10915 Technology Pl, San Diego, CA 92127
      View Details
    • $1.50 SF/Yr
      38,472 SF

      Rancho Bernardo Warehouse Sublease

      38,472 SF warehouse space available for sublease.
      11055 Technology Pl, San Diego, CA 92127
      View Details
    • $1.50 SF/Yr
      29,555 SF

      Industrial Space Available For Lease

      Industrial property available for lease, offering a moving allowance.
      11045 Technology Pl, San Diego, CA 92127
      View Details
    • $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
    • Contact for pricing
      28,078 SF

      Flex R&D Space Available

      Flex R&D space available for lease in San Diego.
      16701 W Bernardo Dr, San Diego, CA 92127
      View Details
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    San Diego, CA 92127-1638
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    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
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