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Property profile & analytics
FOR SALE
Retail space

131 Aberdeen Dr Encinitas, CA 92007

12,907 SF 0.51 ac lot Built 1967
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-8990324
Property summary
AI-generated overview

This exceptional 12,906 sq ft office building in Encinitas, CA presents a unique owner-user opportunity. Situated on a 0.51-acre lot in the heart of Cardiff by the Sea's vibrant retail corridor, this property boasts 41 on-site parking spaces—a rarity for coastal properties. The building, constructed in 1967 and renovated in 1996, features a modern creative office layout with open ceilings, showers, surfboard racks, and ample storage. A fully furnished "plug-and-play" setup includes adjustable desks, chairs, cabling, and even a ping pong table, saving a buyer significant move-in costs. The two-story building is zoned C-GC1 and offers a rooftop deck with panoramic ocean views. Its prime location places it adjacent to popular businesses like VG Donut and Bakery, Bump Coffee, and The Shanty, and across from San Elijo State Beach Campgrounds. The asking price is $11,900,000. Four gates are included for potential future installation to enhance parking security and monetization. This represents a financially accretive investment, offering significant depreciation write-offs, principal paydown, and building appreciation potential. This is a truly exceptional coastal property ideal for a discerning owner-user seeking a turnkey solution in a highly desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1967
Total area 12,907 SF
Lot 0.51 ac (22,215 SF)
Zoning code COMMERCIAL
APN 261-032-28-00
UPID US09-8990324
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
  • SAP America Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$1.87M
Owner & transaction history
Covey Cardiff Properties LLC · 12 yrs held
Covey Cardiff Properties LLC
since 2014
7 recorded transactions
2014
Price N/A
2013
Price N/A
2010
$3.4M
2007
Price N/A
2006
Price N/A
1996
$775,000
1992
Price N/A
Zoning & alternative use
COMMERCIAL · Cardiff, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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