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

    1129 7th Ave, Unit 33 San Diego, CA 92101-5309

    • Office buildings
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Jun 23, 2021
    $1,425,000
    Value Estimations
    $1,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8778889
    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

    • Office buildings

    Property Details for 1129 7th Ave

    Lot size
    0.12 lot acres
    Zone code
    COMMERCIAL
    Property type
    Office buildings
    APN
    534-182-03-00
    APU
    5341820300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,290,000
      ML approach
      $1,290,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.158
    Latitude
    32.7172
    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
    $28,832
    $2,255,067
    $0.00
    $2,255,067
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.24 Acres

      655 Broadway

      OFFICE BUILDING (MULTI-STORY) • 0.24 Acres
      655 Broadway, San Diego, CA 92101-8590
      View Details
    • Value Estimation
      $3,855,000
      9,999 SF

      600 B St

      OFFICE BUILDING (MULTI-STORY) • 9,999 SF
      600 B St, San Diego, CA 92101-4501
      View Details
    • Value Estimation by Request
      0.32 Acres

      110 C St

      OFFICE BUILDING (MULTI-STORY) • 0.32 Acres
      110 C St, San Diego, CA 92101-3900
      View Details
    • Value Estimation
      $4,810,000
      27,098 SF

      602 Broadway, Unit 102

      OFFICE BUILDING (MULTI-STORY) • 27,098 SF
      602 Broadway, San Diego, CA 92101-5423
      View Details
    • Value Estimation
      $4,915,000
      28,922 SF

      749 C St

      OFFICE BUILDING (MULTI-STORY) • 28,922 SF
      749 C St, San Diego, CA 92101-5307
      View Details
    • Value Estimation
      $7,295,000
      42,363 SF

      2445 5th Ave

      OFFICE BUILDING (MULTI-STORY) • 42,363 SF
      2445 5th Ave, San Diego, CA 92101-1685
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,150 SF

      Single-Tenant Office Building For Sale

      Single-tenant office building suitable for multi-family development.
      1750 6Th Ave, San Diego, CA 92101
      View Details
    • $8,250,000
      11,000 SF

      Little Italy Executive Office Building

      Prime San Diego Office, Investment or Owner-User
      909 Laurel St, San Diego, CA 92101
      View Details
    • $1,149,000
      1,610 SF

      Versatile Commercial Space, San Diego

      Two office spaces with potential for live/work loft.
      2487 Kettner Blvd, San Diego, CA 92101
      View Details
    • $1,247,000
      1,610 SF

      Kettner Blvd Creative Office Space

      Little Italy gem: 1,610 SF creative office.
      2483 Kettner Blvd, San Diego, CA 92101
      View Details
    • $1,350,000
      2,150 SF

      Bankers Hill Office Building - Redevelopment Opportunity

      Prime San Diego location, vacant office building, redevelopment potential.
      1750 6Th Ave, San Diego, CA 92101
      View Details
    • $4,800,000
      8,729 SF

      Prime San Diego Mixed-Use Building

      High-Cap Rate, Value-Add Opportunity
      828 5Th Ave, San Diego, CA 92101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,564 SF

      Creative Office Building For Lease

      High-end creative office building with open-air concept.
      1133 Columbia St, San Diego, CA 92101
      View Details
    • Contact for pricing
      1,474 SF

      Iconic Spreckels Building in Gaslamp

      Mixed-use property with retail, theater, office, and parking.
      121-145 Broadway, San Diego, CA 92101
      View Details
    • Contact for pricing
      152,000 SF

      San Diego Office Space Available

      Prime office space for rent in San Diego, CA.
      7 7Th St, San Diego, CA 92101
      View Details
    • Contact for pricing
      2,516 SF

      Downtown San Diego Office Space

      23-story office building in San Diego's central business hub.
      110 W C St, San Diego, CA 92101
      View Details
    • Contact for pricing

      Class A Office Tower Retail

      Premier office tower with retail and parking in San Diego.
      401 West A St, San Diego, CA 92101
      View Details
    • Contact for pricing
      450 SF

      Victorian Office Building in Little Italy

      1840 SF office building near shops and dining.
      1665 Union St, San Diego, CA 92101
      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.
    1129 7th Ave, Unit 33
    San Diego, CA 92101-5309
    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.