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Property profile & analytics
FOR LEASE
Office buildings
1615 Murray Canyon Rd San Diego, CA 92108
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-6590070
For Lease
1 / 2
$3,660,000
1615 Murray Canyon Rd, San Diego, CA 92108
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1988
Total area
9,999 SF
Lot
4.15 ac (180,774 SF)
Zoning code
COMMERCIAL
APN
438-011-37-00
UPID
US09-6590070
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
-
General Dynamics Industrial Manufacturer Production Facility
-
Easy 98.1 FM (KIFM) Radio Station Telecommunications Service
-
Rebecca Smith San Diego Real Estate Real Estate Agency
-
Douglas Elliman Real Estate Office in Mission Valley, CA Real Estate Agency
-
Jenica Martin - Top San Diego REALTOR - Douglas Elliman Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$3.66M
Owner & transaction history
Fsp Pacific Center LLC · 14 yrs held
Fsp Pacific Center LLC
since 2011
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+33.6%
Retail stores
$4.8M
+10.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,430,000
6.5%
$3,170,000
7%
$2,940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,355,000
Current use
MEDICAL BUILDING
$5,820,000
Change: +34% · Conversion: Easy
RETAIL STORES
$4,810,000
Change: +10% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,020,000
Change: -8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,855,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$366 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$913,601
Tax year 2024
Assessed value
$74,378,304
Assessed 2024
Previous assessed
$74,378,304
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$14,777,142
Assessed improvement
$59,601,162
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1988
Heating
NONE
Units
1
Total area
9,999 SF
Lot
4.15 ac (180,774 SF)
Zoning code
COMMERCIAL
APN
438-011-37-00
UPID
US09-6590070
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Units
1
Lot
4.15 ac
Current owner
From public records · entity-resolved
Fsp Pacific Center LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2011
—
Fsp Pacific Center LLC
—
Deed Of Trust
related
$50,000,000 · Hartford Life Insurance Co
Oct 24, 2011
$115,900,000
Fsp Pacific Center LLC
Pacific Center Pt LLC
Grant Deed
—
Jul 5, 2007
$78,900,000
Pacific Center Pt LLC
Maguire Props-pacific Ctr LLC
Grant Deed
related
—
Feb 6, 2006
$1,490,000
Maguire Properties-pacific Ctr
Dl Pacific Center
Grant Deed
—
Sep 30, 2002
—
Dl Pacific Center LP
M & S California Fund LP
Grant Deed
related
—
May 30, 1997
—
M LP
Frazee East Property Ptshp
Grant Deed
related
$31,000,000 · Principal Mutual Life Ins
May 11, 1993
—
Frazee Partners L P Murray
Sunroad Plaza Ea
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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