Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1450 Frazee Rd San Diego, CA 92108-4337
    Back to Search
    Property profile & analytics

    1450 Frazee Rd, San Diego, CA 92108-4337

    View on Map
    • Office buildings
    • 9,999 SF
    • 4.38 lot acres
    Off-Market
    Last Sale Feb 15, 2025
    $20,250,000
    Property ID
    US09-6590090
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Performance Mechanical Contractors / General Contractor
    • Garwood Reeves / Law Firm / Child Welfare Organization
    • RMO Lawyers / Law Firm
    • Frank J. Terrazas, Esq., GARWOOD ATTORNEYS, ALC / Law Firm
    • Abogado de Inmigración en San Diego | Erika Rodriguez / Law Firm

    Property Details for 1450 Frazee Rd

    Year built
    1981
    Lot size
    4.38 lot acres
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Office buildings
    APN
    438-011-43-00
    APU
    4380114300

    Description

    This exceptional Class A executive office space, located at 1450 Frazee Road in San Diego, California, offers 2,024 square feet of immediately available space. The property is situated in San Diego County, zip code 92108, and boasts a multiple tenancy structure, making it ideal for a variety of businesses. The building's total square footage is 2,024 square feet, with all of it currently vacant and ready for immediate occupancy. Ample parking is provided, with a generous ratio of 4.0 spaces per 1,000 square feet. This presents a rare opportunity to secure a fully functional, modern office space in a desirable San Diego location. The property's "Executive Office" subtype suggests a high-end finish and amenities, perfect for businesses seeking a prestigious address. The convenient location in San Diego, combined with the readily available space and ample parking, makes this property an attractive option for companies looking to establish or expand their presence in the area. The property is classified as a Class A building, indicating high-quality construction, modern amenities, and a prime location. Interested parties are encouraged to inquire promptly to secure this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.159
    Latitude
    32.7732
    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
    $452,970
    $10,039,670
    $26,828,231
    $36,867,901
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $12,900,000
      64,394 SF

      1011 Camino Del Rio S

      OFFICE BUILDING (MULTI-STORY)
      1011 Camino Del Rio S, San Diego, CA 92108-3531
      View Details
    • Value Estimation
      $3,670,000
      9,999 SF

      3111 Camino Del Rio N

      OFFICE BUILDING (MULTI-STORY)
      3111 Camino Del Rio N, San Diego, CA 92108-5720
      View Details
    • Value Estimation
      $5,145,000
      30,533 SF

      5005 Texas St

      OFFICE BUILDING (MULTI-STORY)
      5005 Texas St, San Diego, CA 92108-3721
      View Details
    • Value Estimation
      $3,660,000
      9,999 SF

      1615 Murray Cyn Rd

      OFFICE BUILDING (MULTI-STORY)
      1615 Murray Cyn Rd, San Diego, CA 92108-4314
      View Details
    • Value Estimation
      $12,125,000
      73,200 SF

      1550 Hotel N Cir

      OFFICE BUILDING (MULTI-STORY)
      1550 Hotel N Cir, San Diego, CA 92108-2901
      View Details
    • Value Estimation
      $9,345,000
      56,052 SF

      2727 Camino Del Rio S Ste, Unit 135

      OFFICE BUILDING (MULTI-STORY)
      2727 Camino Del Rio S Ste, San Diego, CA 92108-3700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,037 SF

      Prime Development Site Near SDSU

      51,389 SF site near SDSU with development potential.
      10505 San Diego Mission Rd, San Diego, CA 92108
      View Details
    • Contact for pricing
      2,040 SF

      San Diego Live-Work Opportunity

      Live-work space in evolving Mission Valley community.
      2333 Camino Del Rio S, San Diego, CA 92108
      View Details
    • Contact for pricing
      1,500 SF

      Mission Valley Office Condo For Sale

      1,500 SF office condo available in Mission Valley.
      2333 Camino Del Rio S, San Diego, CA 92108
      View Details
    • Contact for pricing

      San Diego Land For Sale

      Land available in San Diego, California.
      10505 San Diego Mission Rd, San Diego, CA 92108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,597 SF

      Class A Office Space Available

      Two-story, 29,639 SF office space with freeway access.
      8889 Rio San Diego Dr, San Diego, CA 92108
      View Details
    • Contact for pricing
      37,470 SF

      San Diego Office Space Available

      Office space available for rent in San Diego, CA.
      8885 Rio San Diego Dr, San Diego, CA 92108
      View Details
    • Contact for pricing
      3,073 SF

      Corporate Headquarters Office Space

      High-end office building with excellent highway access.
      2763 Camino Del Rio S, San Diego, CA 92108
      View Details
    • Contact for pricing

      San Diego Office Campus

      Three-building office campus in central San Diego with modern renovations.
      3530 Camino Del Rio North, San Diego, CA 92108
      View Details
    • Contact for pricing
      2,039 SF

      Three-Story Office Building For Rent

      78,388 SF office building with freeway access and amenities.
      8989 Rio San Diego Dr, San Diego, CA 92108
      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.
    1450 Frazee Rd
    San Diego, CA 92108-4337
    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

    Thank You for Inquiry
    1450 Frazee Rd, San Diego, CA, 92108
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!