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

    1621 Grand Ave San Diego, CA 92109-4458

    • Turn key restaurants
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    Jul 27, 2021
    Value Estimations
    $235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6697233
    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

    • Wendy's / Fast Food Restaurant / Hamburger Restaurant
    • San Diego Community Newspaper Group / Newspaper Publisher
    • Charlie Blaine Real Estate / Real Estate Agency
    • Horizon Realty / Real Estate Agency
    • Herridge Real Estate & Property Management / Real Estate Agency

    Property Details for 1621 Grand Ave

    Lot size
    0.39 lot acres
    Zone code
    COMMERCIAL
    Property type
    Turn key restaurants
    APN
    424-151-22-00
    APU
    4241512200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.24
    Latitude
    32.7976
    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
    $13,226
    $346,311
    $727,780
    $1,074,091
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $430,000
      13,472 SF

      5040 Cass St

      RESTAURANT • 13,472 SF
      5040 Cass St, San Diego, CA 92109-1801
      View Details
    • Value Estimation
      $230,000
      3,336 SF

      4505 Msn Blvd

      RESTAURANT • 3,336 SF
      4505 Msn Blvd, San Diego, CA 92109-2731
      View Details
    • Value Estimation
      $310,000
      11,480 SF

      860 Garnet Ave

      RESTAURANT • 11,480 SF
      860 Garnet Ave, San Diego, CA 92109-2726
      View Details
    • Value Estimation
      $235,000
      960 SF

      1520 Garnet Ave

      RESTAURANT • 960 SF
      1520 Garnet Ave, San Diego, CA 92109-3016
      View Details
    • Value Estimation
      $365,000
      3,850 SF

      722 Grand Ave

      RESTAURANT • 3,850 SF
      722 Grand Ave, San Diego, CA 92109-3904
      View Details
    • Value Estimation
      $235,000
      1,344 SF

      822 Grand Ave

      RESTAURANT • 1,344 SF
      822 Grand Ave, San Diego, CA 92109-3906
      View Details

    Similar Nearby for Sale

    • $90,000
      2,000 SF

      Pacific Beach Restaurant Opportunity

      Well-located, fully equipped restaurant with beer and wine license.
      1459 Garnet Ave, San Diego, CA 92109
      View Details
    • $115,000
      720 SF

      Turn-Key Restaurant Opportunity

      Restaurant in a bustling beach community with low rent.
      4628 Mission Blvd, San Diego, CA 92109
      View Details
    • $10,500,000
      4,500 SF

      San Diego Restaurant - Trophy Asset

      Prime Beach Location, High NOI, NNN Lease
      722 Grand Ave, San Diego, CA 92109
      View Details
    • $4,450,000
      4,479 SF

      La Jolla Mixed-Use Opportunity

      Commercial space with apartment in La Jolla's Bird Rock.
      5752 La Jolla Blvd, La Jolla, CA 92109
      View Details
    • $10,500,000
      4,500 SF

      Prime Pacific Beach Retail Opportunity

      Rare opportunity steps from the Boardwalk in Pacific Beach.
      722 Grand Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      4,526 SF

      Mixed-Use Building Near the Ocean

      Mixed-use building with restaurant, gym, and residential unit.
      4955 Cass St, San Diego, CA 92109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Turnkey Restaurant Space with Patio

      Fully built-out restaurant space with golf course-facing patio.
      2702 N Mission Bay Dr, 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
    • Contact for pricing
      2,490 SF

      Prime Restaurant Space Available Soon

      2,490 SF end cap restaurant space in Pacific Beach.
      1640 Garnet Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      1,836 SF

      Prime San Diego Retail Space

      1,836 SF, Single-Tenant, Garnet Ave.
      2015 Garnet Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      3,700 SF

      Pacific Beach Retail & Office

      80,000 SF shopping center near the ocean.
      4110-4190 Mission Blvd, San Diego, CA 92109
      View Details
    • Contact for pricing

      1429 Garnet Ave pacific beach

      Retail Space - 1429 Garnet Ave pacific beach
      1429 Garnet Ave, San Diego, CA 92109
      View Details

    Property Visit Statistics

    • Visits by month
      23.2k
    • Visitors by month
      12.9k
    • Avg Time on site
      7 min
    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.
    1621 Grand Ave
    San Diego, CA 92109-4458
    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.