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

    16466 Bernardo Center Dr San Diego, CA 92128

    • Office Properties & Spaces
    • 25,296 SF
    • 4.82 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    $790,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6611865
    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

    • Rancho Bernardo Endodontics / Dentist
    • Animal Resource Management / Software Company
    • Wayne Coulon - State Farm Insurance Agent / Insurance Agency / Auto Insurance Agency
    • Vision Global Event Strategies / Event Management Company
    • Team Works Divorce Mediation / Divorce Service / Divorce Lawyer

    Property Details for 16466 Bernardo Center Dr

    Year built
    1984
    Lot size
    4.82 lot acres
    Property size
    25,296 SF
    Zone code
    COMMERCIAL
    Property type
    Office Properties & Spaces
    APN
    274-790-19-01
    APU
    2747901901

    Description

    This exceptional San Diego office property, Clock Tower Office Plaza, offers 5,430 square feet of immediately available space in multiple suites ranging from 807 to 1,838 contiguous square feet. Located in Rancho Bernardo's Town Center, this five-story, 105,229-square-foot complex boasts a convenient location within walking distance of numerous retail amenities and public transportation. Built in 1984, the property features five multi-tenant buildings served by elevators, allowing for tenant growth within the complex. The distinctive architecture provides ample natural light with abundant window lines, including operable windows in select suites. Many suites also offer above-standard ceiling heights and opportunities for individual tenant identity. The property provides ample parking with a ratio of 3.9 spaces per 1,000 square feet. The property is zoned CC-2-3 by the City of San Diego and is situated at 16466, 16476, 16486, 16496, and 16516 Bernardo Center Drive, San Diego, CA 92128. This is an ideal location for executive or medical office users seeking a prestigious and well-amenitized address in San Diego County. The property's flexible suite sizes cater to a variety of business needs, making it a highly desirable investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $790,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.078
    Latitude
    33.0143
    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
    $23,314
    $599,882
    $1,240,390
    $1,840,272
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
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      11717 Bernardo Plz Ct Ste, Unit 110

      CONDOMINIUM OFFICES • 1,626 SF
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      11665 Avena Pl Ste, Unit 104

      CONDOMINIUM OFFICES • 1,464 SF
      11665 Avena Pl Ste, San Diego, CA 92128-2427
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    • Value Estimation
      $460,000
      816 SF

      11665 Avena Pl Ste, Unit 106

      CONDOMINIUM OFFICES • 816 SF
      11665 Avena Pl Ste, San Diego, CA 92128-2427
      View Details
    • Value Estimation
      $325,000
      1,536 SF

      11717 Bernardo Plz Ct Ste, Unit 200

      CONDOMINIUM OFFICES • 1,536 SF
      11717 Bernardo Plz Ct Ste, San Diego, CA 92128-2420
      View Details

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      Office property in San Diego, currently 100% leased.
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      Bernardo Center Drive Retail/Office Suite

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      Bernardo Center Drive Office Space

      Office space available for lease in San Diego, CA.
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      Prominent Office Space Available

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      San Diego Office Space Available

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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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