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    2002 Jimmy Durante Blvd Del Mar, CA 92014-2258

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    2002 Jimmy Durante Blvd Del Mar, CA 92014-2258

    View on Map
    • Retail space
    • 14,550 SF
    • 1.22 lot acres
    Off-Market
    Last Sale Jan 3, 2025
    Property ID
    US09-6868670
    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
    $3,050,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jodie K. Schuller & Associates / Physician
    • Christopherhill Development, Inc. / Construction Company / General Contractor
    • The Coutured Coif Hair Salon / Hair Salon
    • JAMES A. BOSCH LMFT / Counselor
    • Jim Coleman - State Farm Insurance Agent / Insurance Agency

    Property Details for 2002 Jimmy Durante Blvd

    Year built
    1985
    Lot size
    1.22 lot acres
    Property size
    14,550 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    299-071-07-00
    APU
    2990710700

    Description

    This exceptional medical office building, located at 2002 Jimmy Durante Blvd in Del Mar, California, presents a fantastic leasing opportunity. The property boasts a total of 18,425 square feet spread across two stories, offering a variety of suite sizes to accommodate diverse medical practices. Currently, there are 2,400 square feet of vacant space available, with individual suites ranging from a minimum of 533 square feet to a maximum contiguous space of 1,867 square feet. The building is classified as both retail and office space, and specifically designated as a medical office building, making it ideal for a range of healthcare professionals. Ample parking is provided for patients and staff, ensuring convenient access. The property's location in San Diego County, zip code 92014, offers excellent visibility and accessibility within the vibrant Del Mar community. This is a multi-tenant building, providing a collaborative environment for various medical practices. The building's classification as a medical office ensures it meets the specific needs and requirements of healthcare businesses. This presents a unique opportunity to establish or expand a medical practice in a desirable and well-equipped facility. Interested parties are encouraged to inquire about available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,810,000
      6.5%
      $3,515,000
      7%
      $3,265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,091,000
      Market price range: $846k - $5.29M

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

    Location Insight

    • Map
    • Local Demand
    City
    Del Mar
    County
    San Diego
    State
    California
    Longitude
    -117.265
    Latitude
    32.9686
    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
    $100,465
    $5,865,000
    $3,570,000
    $9,435,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,390,000
      35,850 SF

      2010 Jimmy Durante Blvd

      RETAIL STORES (PERSONAL SERVICES) • 35,850 SF
      2010 Jimmy Durante Blvd, Del Mar, CA 92014-2237
      View Details
    • Value Estimation
      $940,000
      6,600 SF

      243 12th St

      RETAIL STORES (PERSONAL SERVICES) • 6,600 SF
      243 12th St, Del Mar, CA 92014-2316
      View Details
    • Value Estimation
      $1,435,000
      6,611 SF

      322 8th St

      RETAIL STORES (PERSONAL SERVICES) • 6,611 SF
      322 8th St, Del Mar, CA 92014-2807
      View Details
    • Value Estimation
      $1,980,000
      8,620 SF

      1130 Camino Del Mar

      RETAIL STORES (PERSONAL SERVICES) • 8,620 SF
      1130 Camino Del Mar, Del Mar, CA 92014-2639
      View Details
    • Value Estimation by Request
      1,522 SF

      1212 Camino Del Mar, Unit 24

      RETAIL STORES (PERSONAL SERVICES) • 1,522 SF
      1212 Camino Del Mar, Del Mar, CA 92014-2506
      View Details
    • Value Estimation
      $715,000
      4,729 SF

      1424 Camino Del Mar, Unit 36

      RETAIL STORES (PERSONAL SERVICES) • 4,729 SF
      1424 Camino Del Mar, Del Mar, CA 92014-2510
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Del Mar Coastal Office Building

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    Similar Nearby for Lease

    • Contact for pricing
      2,998 SF

      Retail Space Available For Rent

      Retail space available for rent in Del Mar, California.
      2600 Via De La Valle, Del Mar, CA 92014
      View Details
    • Contact for pricing
      3,300 SF

      Retail Space End Cap

      Retail space available for rent.
      2735-2747 Via De La Valle, Del Mar, CA 92014
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      3,536 SF

      Retail Space Near Interstate 5

      Retail space with high visibility and accessibility.
      2676 Del Mar Heights Rd, Del Mar, CA 92014
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      2,588 SF

      Retail Space with Private Patio

      End cap retail space available for rent with private patio.
      3790 Via De La Valle, Del Mar, CA 92014
      View Details
    • Contact for pricing
      622 SF

      Leased Retail Space in Del Mar

      Retail property in Del Mar, currently 100% leased.
      2610-2720 Via De La Valle, Del Mar, CA 92014
      View Details
    • Contact for pricing
      2,000 SF

      Del Mar Retail Space Available

      In-line retail space available for lease in Del Mar.
      2689 Via De La Valle, Del Mar, CA 92014
      View Details
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    Del Mar, CA 92014-2258
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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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