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

    1362 Garnet Ave San Diego, CA 92109-3011

    • Medical offices
    • 1,415 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2024
    $1,275,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8604660
    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

    • Keiss Benita I DVM / Veterinarian
    • Farley Amy DVM / Veterinarian
    • CareOne Credit / Credit Counseling Service

    Property Details for 1362 Garnet Ave

    Year built
    1964
    Lot size
    0.07 lot acres
    Property size
    1,415 SF
    Zone code
    COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    423-082-19-00
    APU
    4230821900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.245
    Latitude
    32.7992
    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
    $9,370
    $593,375
    $162,857
    $756,232
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $555,000
      4,256 SF

      2185 Garnet Ave

      MEDICAL BUILDING • 4,256 SF
      2185 Garnet Ave, San Diego, CA 92109-3603
      View Details
    • Value Estimation
      $3,740,000
      14,322 SF

      3023 Bunker Hl St

      MEDICAL BUILDING • 14,322 SF
      3023 Bunker Hl St, San Diego, CA 92109-5706
      View Details
    • Value Estimation
      $2,420,000
      2,710 SF

      1344 Garnet Ave, Unit 46

      MEDICAL BUILDING • 2,710 SF
      1344 Garnet Ave, San Diego, CA 92109-3011
      View Details
    • Value Estimation
      $345,000
      0.33 Acres

      2926 Garnet Ave

      MEDICAL BUILDING • 0.33 Acres
      2926 Garnet Ave, San Diego, CA 92109-3825
      View Details
    • Value Estimation
      $1,660,000
      2,424 SF

      1776 Grand Ave, Unit 78

      MEDICAL BUILDING • 2,424 SF
      1776 Grand Ave, San Diego, CA 92109-4414
      View Details
    • Value Estimation
      $375,000
      3,307 SF

      1707 Grand Ave

      MEDICAL BUILDING • 3,307 SF
      1707 Grand Ave, San Diego, CA 92109-4469
      View Details

    Similar Nearby for Sale

    • $1,250,000
      4,561 SF

      Pacific Beach Office Condo

      Three-story office condo in Pacific Beach, San Diego for sale.
      1940 Garnet Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      6,578 SF

      Prime Pacific Beach Office Space

      6,578 SF Executive Office, 11 Parking Spaces
      967-969 Hornblend St, San Diego, CA 92109
      View Details
    • $2,500,000

      Two-Tenant Office Building Near Beach

      Fully occupied office building with multi-family development potential.
      1300 Grand Ave, San Diego, CA 92109
      View Details
    • $1,998,640

      Commercial Land in San Diego

      Commercial land with high traffic, development potential, zoned CC-3-8.
      Garnet Ave, San Diego, CA 92109
      View Details
    • $3,100,000
      5,519 SF

      San Diego Retail and Automotive

      Retail and automotive property in San Diego for sale.
      4448-4450 Lamont St, San Diego, CA 92109
      View Details
    • $3,300,000

      San Diego Specialty Property

      Specialty property available for sale in San Diego, California.
      4437 Lamont St, San Diego, CA 92109
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      15,370 SF

      Mission Bay Medical Office Building

      San Diego medical office space available.
      3023 Bunker Hill St, San Diego, CA 92109
      View Details
    • $3 SF/Yr
      1,500 SF

      La Jolla Medical Office Space

      Turn-key medical office in La Jolla's Bird Rock community.
      5726 La Jolla Blvd, La Jolla, CA 92109
      View Details
    • $5,250,000
      988 SF

      Freeway Facing Creative Office Space

      Creative office space with freeway facing signage and Spanish architecture.
      3565 Del Rey St, San Diego, CA 92109
      View Details
    • Contact for pricing
      295 SF

      Mission Blvd Executive Office Space

      San Diego Executive Suite Available Now
      4603 Mission Blvd, San Diego, CA 92109
      View Details
    • $3 SF/Yr
      612 SF

      Office Space in San Diego

      Office space available for rent in San Diego, CA.
      4425 Bayard St, San Diego, CA 92109
      View Details
    • $3 SF/Yr
      996 SF

      La Jolla Office Space Available

      Office space available for rent in La Jolla, California.
      675 Turquoise St, La Jolla, CA 92109
      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.
    1362 Garnet Ave
    San Diego, CA 92109-3011
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.