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

    17140 Bernardo Center Dr San Diego, CA 92128

    • Retail space
    • 84,450 SF
    • 1.08 lot acres
    For Lease
    View listing
    Last Sale
    Aug 20, 2021
    $44,780,000
    Value Estimations
    $48,995,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8584927
    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

    • Dr. Eziokole / Hospital
    • KP Clinic / Hospital
    • Joseph Schuermeyer, MD | Kaiser Permanente / Physician
    • Susan Denise Harvey, DO | Kaiser Permanente / Physician
    • Virgil Don Kirtland, MD | Kaiser Permanente / Pediatrician / Physician

    Property Details for 17140 Bernardo Center Dr

    Year built
    2000
    Lot size
    1.08 lot acres
    Property size
    84,450 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    273-251-17-00
    APU
    2732511700

    Description

    Park Terrace Health Center, located at 17140 Bernardo Center Dr, San Diego, CA 92128, offers exceptional medical office space for lease in San Diego County. This Class A building, constructed in 1999, boasts a total of 82,157 square feet and provides ample parking with a ratio of 4 spaces per 1,000 square feet. Currently, there are 16,721 square feet of vacant space available, divisible into units as small as 1,504 square feet, with a maximum contiguous space of 10,361 square feet. The building is ideal for a variety of medical practices, offering flexible lease terms and the opportunity to customize your space to meet your specific needs. The property's prime location in San Diego provides excellent access to major transportation routes, ensuring convenient access for both patients and staff. The building's modern design and amenities create a professional and welcoming environment. Multiple tenancy options are available, making it suitable for both large and small medical practices. This is a rare opportunity to secure high-quality medical office space in a desirable San Diego location. Contact us today to schedule a viewing and learn more about the available spaces and lease options. The building features a total of 82,157 square feet and is situated in a thriving area of San Diego County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $33,975,000
      6.5%
      $31,360,000
      7%
      $29,120,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $64,977,000
      Market price range: $20.7M - $65.0M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $40,620,000
      Current use
      RESTAURANT
      $74,750,000
      Change: +84% Conversion: Easy
      MEDICAL BUILDING
      $49,165,000
      Change: +21% Conversion: Difficult
      OFFICE BUILDING
      $35,640,000
      Change: -12% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $33,940,000
      Change: -16% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $32,545,000
      Change: -20% 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
    -117.076
    Latitude
    33.0249
    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
    $525,149
    $9,779,760
    $36,809,352
    $46,589,112
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
      622 SF

      16769 Bernardo Ctr Drk24

      RETAIL STORES (PERSONAL SERVICES) • 622 SF
      16769 Bernardo Ctr Drk24, San Diego, CA 92128-2546
      View Details
    • Value Estimation
      $3,555,000
      17,854 SF

      17170 Bernardo Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 17,854 SF
      17170 Bernardo Ctr Dr, San Diego, CA 92128-2002
      View Details
    • Value Estimation
      $5,170,000
      25,553 SF

      16776 Bernardo Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 25,553 SF
      16776 Bernardo Ctr Dr, San Diego, CA 92128-2534
      View Details
    • Value Estimation
      $1,325,000
      4,212 SF

      16796 Bernardo Ctr Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,212 SF
      16796 Bernardo Ctr Dr, San Diego, CA 92128-2510
      View Details
    • Value Estimation
      $1,370,000
      7,470 SF

      16381 Bernardo Ctr Dr, Unit 99

      RETAIL STORES (PERSONAL SERVICES) • 7,470 SF
      16381 Bernardo Ctr Dr, San Diego, CA 92128-2541
      View Details

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      Retail Space in North County

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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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