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    15721 Bernardo Heights Pkwy San Diego, CA 92128
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    Property profile & analytics

    15721 Bernardo Heights Pkwy San Diego, CA 92128

    View on Map
    • Community centers
    • 15,000 SF
    • 1.16 lot acres
    For Lease
    $5,215,000
    View Listing →
    Retail Space Anchored by Sprouts For Lease
    $5,215,000

    Retail Space Anchored by Sprouts

    Retail space in a shopping center anchored by Sprouts Farmers Market.

    15721 Bernardo Heights Pkwy, San Diego, CA 92128
    View Listing
    Property ID
    US09-6611926
    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

    • Nirvana Nails - Non Toxic Nail Salon / Nail Salon
    • Tacos Asadero / Restaurant
    • Einstein Bros. Bagels / (Bike/Boat/Book/etc) Store / Bakery
    • Attorney Referral Services / Law Firm
    • StretchLab / Gym & Fitness Center

    Property Details for 15721 Bernardo Heights Pkwy

    Year built
    1984
    Lot size
    1.16 lot acres
    Property size
    15,000 SF
    Zone code
    COMMERCIAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    274-912-39-00
    APU
    2749123900

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,910,000
      6.5%
      $6,380,000
      7%
      $5,925,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.059
    Latitude
    33.0021
    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
    $46,072
    $1,464,143
    $2,624,122
    $4,088,265
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,860,000
      9,570 SF

      12457 Rancho Bernardo Rd, Unit 69

      MINI-MALL • 9,570 SF
      12457 Rancho Bernardo Rd, San Diego, CA 92128-2143
      View Details
    • Value Estimation
      $10,325,000
      37,835 SF

      16773 Bernardo Ctr Dr

      MINI-MALL • 37,835 SF
      16773 Bernardo Ctr Dr, San Diego, CA 92128-2525
      View Details
    • Value Estimation by Request
      15,038 SF

      Poway Rd And Springbrook Dr

      Lifestyle centers • 15,038 SF
      0 Poway Rd And Springbrook Dr, San Diego, CA 92128
      View Details
    • Value Estimation by Request
      37,729 SF

      15731 Bernardo Heights Pkwy

      Lifestyle centers • 37,729 SF
      15731 Bernardo Heights Pkwy, San Diego, CA 92128
      View Details
    • Value Estimation by Request
      125,000 SF

      16761-16789 Bernardo Center Dr

      Lifestyle centers • 125,000 SF
      16761-16789 Bernardo Center Dr, San Diego, CA 92128
      View Details
    • Value Estimation
      $1,780,000
      9,999 SF

      11922 Bernardo Plz Dr, Unit 85

      MINI-MALL • 9,999 SF
      11922 Bernardo Plz Dr, San Diego, CA 92128-2538
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,198 SF

      Industrial Warehouse Space For Sale

      Industrial warehouse space featuring one grade level loading door.
      12335 World Trade Dr, San Diego, CA 92128
      View Details
    • Contact for pricing

      Medical Office Suites For Sale

      Modern, renovated medical office suites in Rancho Bernardo.
      11717 Bernardo Plaza Ct, San Diego, CA 92128
      View Details
    • Contact for pricing

      Office Suites For Sale

      Multiple office suites available for sale up to 6,500 SF.
      12396 World Trade Dr, San Diego, CA 92128
      View Details
    • Contact for pricing
      75,598 SF

      Rancho Bernardo Medical Office Plaza

      Four-story medical office building in Rancho Bernardo, San Diego.
      11770 Bernardo Plaza Ct, San Diego, CA 92128
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Anchored by Sprouts

      Retail space in a shopping center anchored by Sprouts Farmers Market.
      15721 Bernardo Heights Pkwy, San Diego, CA 92128
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in North County

      Dominant retail shopping center in an affluent, underserved market.
      11602-12174 Carmel Mountain Rd, San Diego, CA 92128
      View Details
    • Contact for pricing

      Retail Center in Carmel Mountain

      Retail spaces available in North San Diego County's I-15 Corridor.
      11815-11905 Carmel Mountain Rd, San Diego, CA 92128
      View Details
    • Contact for pricing

      Anchored Retail Center For Rent

      Retail space in a recently remodeled, Vons-anchored shopping center.
      11922 Bernardo Plaza Dr, San Diego, CA 92128
      View Details
    • Contact for pricing

      Retail Anchor Opportunity Available

      11,364-SF anchor space strategically located at Carmel Mountain Road.
      11465 Carmel Mountain Rd, San Diego, CA 92128
      View Details
    • Contact for pricing

      Retail Space in Sabre Springs

      Retail and restaurant spaces available at busy Poway Road location.
      11385 Poway Rd, San Diego, CA 92128
      View Details

    Property Visit Statistics

    • Visits by month
      11.6k
    • Visitors by month
      9.0k
    • Avg Time on site
      20 min
    View Listing
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    San Diego, CA 92128
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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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