11845 Carmel Mtn Rd San Diego, CA 92128-4602
Property Lookup
Property profile & analytics
11845 Carmel Mtn Rd San Diego, CA 92128-4602
- Community centers
- 23,355 SF
- 2.18 lot acres
Property ID
US09-8144367
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.
Location Intelligence
Current Use by Public Records
- Lai-Ha T. Lu, PharmD / Pharmacy
- Hema Naik, RPh / Pharmacy
- LibertyX Bitcoin ATM / Atm
- higi / Physician
- Eric J. Cooper, PharmD / Pharmacy
Property Details for 11845 Carmel Mtn Rd
- Year built
- 1991
- Lot size
- 2.18 lot acres
- Property size
- 23,355 SF
- Zone code
- COMMERCIAL
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 313-690-12-00
- APU
- 3136901200
Description
This exceptional investment opportunity presents a fee-simple, 23,650-square-foot Rite Aid pharmacy in San Diego, CA. Located at 11845 Carmel Mountain Rd, 92128, this property boasts a strong 5.25% cap rate and a substantial net operating income (NOI) of $414,183. The property sits on a 2.18-acre lot with 95 parking spaces and is part of the Carmel Mountain Ranch Town Center, a thriving shopping center. The lease, a triple-net (NNN) agreement with a corporate guarantee from Rite Aid Corporation, has a remaining term of 5.1 years, with seven five-year options. Rent increases by 10% every 10 years, and a Fair Market Value (FMV) clause at options 5-8 provides significant upside potential. The property benefits from its location in a high-traffic area, with strong daily traffic counts on nearby Carmel Mountain Rd. and Stoney Peak Dr., and proximity to Interstate 15. The surrounding area features affluent demographics, with a high average household income within a 5-mile radius ($182,368). The property's proximity to a major medical center and a new 55+ community further enhances its appeal. Built in 2004, this asset offers a secure, long-term investment opportunity with a proven track record. Rite Aid recently exercised a 5-year option, demonstrating their commitment to the location. This is a rare opportunity to acquire a high-performing retail property in a prime San Diego location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,910,000
- ML approach
- $5,145,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.076
- Latitude
- 32.9801
- 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
$76,548
$4,065,591
$2,842,495
$6,908,086
-
$0.00
$0.00
$0.00
