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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1502 Scott St San Diego, CA 92106-2339

    • Apartment buildings
    • 9,416 SF
    • 0.31 lot acres
    OFF-MARKET
    Last Sale
    Dec 29, 2021
    $4,625,000
    Value Estimations
    $4,455,000
    Show details
    Cap Rate Potential
    3.9%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-6658497
    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

    • Villa Marina / Apartment Building

    Property Details for 1502 Scott St

    Year built
    1952
    Lot size
    0.31 lot acres
    Property size
    9,416 SF
    Zone code
    COMMERCIAL
    Property type
    Apartment buildings
    APN
    530-752-04-00
    APU
    5307520400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,010,000
      ML approach
      $4,110,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,898,000
      Market price range: $1.37M - $4.90M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,135,000
      Current use
      MEDICAL BUILDING
      $5,480,000
      Change: +75% Conversion: Moderate
      RETAIL STORES
      $4,530,000
      Change: +44% Conversion: Difficult
      OFFICE BUILDING
      $3,975,000
      Change: +27% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,785,000
      Change: +21% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.227
    Latitude
    32.7259
    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
    $62,205
    $3,609,030
    $1,449,080
    $5,058,110
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $560,000
      2,740 SF

      1467 Locust St, Unit 75

      APARTMENT HOUSE (5+ UNITS) • 2,740 SF
      1467 Locust St, San Diego, CA 92106-2230
      View Details
    • Value Estimation
      $895,000
      3,667 SF

      3112 Dickens St, Unit 16

      APARTMENT HOUSE (5+ UNITS) • 3,667 SF
      3112 Dickens St, San Diego, CA 92106-2624
      View Details
    • Value Estimation
      $1,770,000
      8,156 SF

      3020 Hugo St

      APARTMENT HOUSE (5+ UNITS) • 8,156 SF
      3020 Hugo St, San Diego, CA 92106-2246
      View Details
    • Value Estimation
      $985,000
      6,480 SF

      382 Rosecrans St, Unit 88

      APARTMENT HOUSE (5+ UNITS) • 6,480 SF
      382 Rosecrans St, San Diego, CA 92106-3528
      View Details
    • Value Estimation
      $810,000
      3,738 SF

      1649 Scott St, Unit 63

      APARTMENT HOUSE (5+ UNITS) • 3,738 SF
      1649 Scott St, San Diego, CA 92106-2324
      View Details
    • Value Estimation
      $4,480,000
      30,769 SF

      2220 Palermo Dr

      APARTMENT HOUSE (5+ UNITS) • 30,769 SF
      2220 Palermo Dr, San Diego, CA 92106-1262
      View Details

    Similar Nearby for Sale

    • $4,600,000
      7,153 SF

      La Playa Multifamily Investment Opportunity

      Rare 8-unit apartment building near Kellogg Beach in Point Loma.
      375-81 Rosecrans St, San Diego, CA 92106
      View Details
    • New
      $2,495,000
      3,000 SF

      Point Loma Duplex with ADU

      Modern duplex in Point Loma with water and city views.
      3241 Ingelow St, San Diego, CA 92106
      View Details
    • $6,900,000

      San Diego Commercial Land Available

      Commercial land available for sale in San Diego, California.
      3034 Canon St, San Diego, CA 92106
      View Details
    • $2,400,000

      Specialty Property in San Diego

      Specialty property for sale in San Diego, California.
      1308 Locust St, San Diego, CA 92106
      View Details
    • $30,000,000
      12,000 SF

      San Diego Marina: Prime Investment

      Iconic San Diego marina, high occupancy.
      2240 Shelter Island Dr, San Diego, CA 92106
      View Details
    • $2,995,000

      Locust Street Commercial Property

      Commercial property available for sale in San Diego, California.
      1268 Locust St, San Diego, CA 92106
      View Details

    Similar Nearby for Lease

    • $6,500 /Mo
      1,910 SF

      Luxury Penthouse with Panoramic Views

      Furnished 2BR/2.5BA penthouse with bay views in Point Loma.
      1150 Anchorage Ln, San Diego, CA 92106
      View Details
    • Contact for pricing
      215 SF

      Bay View Office Space

      215 SF office space with bay views for rent.
      5050 North Harbor Dr, San Diego, CA 92106
      View Details
    • Contact for pricing
      640 SF

      Retail Space in San Diego

      640 SF retail space available for rent.
      2877 Historic Decatur Rd, San Diego, CA 92106
      View Details
    • Contact for pricing
      885 SF

      Point Loma Office Space Available

      Professional office space in Point Loma near America’s Cup Harbor.
      1050 Rosecrans St, San Diego, CA 92106
      View Details
    • Contact for pricing
      320 SF

      Shelter Island Drive Office Space

      Second floor office space available for rent.
      2731 Shelter Island Dr, San Diego, CA 92106
      View Details
    • Contact for pricing
      4,200 SF

      Retail Space Available For Rent

      Retail space available for rent in San Diego, CA.
      2562 Laning Rd, San Diego, CA 92106
      View Details
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    1502 Scott St
    San Diego, CA 92106-2339
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    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
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