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

    2004 Highland Ave, Unit 16 National City, CA 91950-5835

    • Medical offices
    • 3,339 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9520700
    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

    • Putrus Waiel DDS / Dentist
    • Dr Putrus Office / Dentist

    Property Details for 2004 Highland Ave

    Year built
    1950
    Lot size
    0.39 lot acres
    Property size
    3,339 SF
    Zone code
    COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    560-310-14-00
    APU
    5603101400

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,050,000
      6.5%
      $970,000
      7%
      $900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    National City
    County
    San Diego
    State
    California
    Longitude
    -117.095
    Latitude
    32.6675
    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
    $12,325
    $552,000
    $418,000
    $970,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,180,000
      26,432 SF

      502 Euclid Ave

      MEDICAL BUILDING • 26,432 SF
      502 Euclid Ave, National City, CA 91950-2931
      View Details
    • Value Estimation by Request
      1,254 SF

      1515 Highland Ave

      MEDICAL BUILDING • 1,254 SF
      1515 Highland Ave, National City, CA 91950-4625
      View Details
    • Value Estimation
      $2,070,000
      12,900 SF

      303 26th St

      MEDICAL BUILDING • 12,900 SF
      303 26th St, National City, CA 91950-6615
      View Details
    • Value Estimation by Request
      11,703 SF

      2323 8th St, Unit 45

      MEDICAL BUILDING • 11,703 SF
      2323 8th St, National City, CA 91950-2813
      View Details
    • Value Estimation
      $1,895,000
      6,416 SF

      1000 Euclid Ave

      MEDICAL BUILDING • 6,416 SF
      1000 Euclid Ave, National City, CA 91950-3856
      View Details
    • Value Estimation
      $520,000
      2,514 SF

      1919 Highland Ave

      MEDICAL BUILDING • 2,514 SF
      1919 Highland Ave, National City, CA 91950-5864
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,740 SF

      National City Medical Office Building

      Prime Medical Office, Retail Space in National City
      801 National City Blvd, National City, CA 91950
      View Details
    • $1,385,000
      3,538 SF

      National City Mixed-Use Building

      Mixed-use building in National City with office, retail potential.
      921 Coolidge Ave, National City, CA 91950
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    • $4,350,000

      National City Retail Center For Sale

      Seven-unit retail center remodeled in 2019, high-traffic location.
      1615 E Plaza Blvd, National City, CA 91950
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    • $1,300,000

      National City Fourplex Near Mile

      Fourplex near Mile of Cars with redevelopment potential.
      2722 B Ave, National City, CA 91950
      View Details
    • $1,695,000

      National City Multifamily Development Opportunity

      Land for multifamily or mixed-use development in National City.
      9Th St, National City, CA 91950
      View Details
    • $850,000

      Corner Lot Commercial Property

      Commercial property on a corner lot with ocean views.
      832 E 18Th St, National City, CA 91950
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      30,000 SF

      Plaza Square Medical & Office Suites

      National City, CA: Two Suites Available
      1401 Plaza Blvd, National City, CA 91950
      View Details
    • $27 SF/Yr
      70,000 SF

      National City Medical Office Building

      Prime Medical Space Available in San Diego County
      655 Euclid Ave, National City, CA 91950
      View Details
    • $28 SF/Yr
      31,149 SF

      National City Medical Office Space

      Prime Medical Office Suites Available in San Diego County
      502 Euclid Ave, National City, CA 91950
      View Details
    • $30 SF/Yr
      19,717 SF

      National City Medical Office Building

      Prime Medical Office Suites, ±825-2,467 SF
      22 35Th St, National City, CA 91950
      View Details
    • Contact for pricing
      23,721 SF

      Office/R&D Building Near Interstate 5

      190,000 SF office/R&D building near Interstate 5.
      401 Mile Of Cars Way, National City, CA 91950
      View Details
    • $1.98 SF/Yr
      3,873 SF

      National City Office Space Available

      Office space available for rent in National City, CA.
      148 E 30Th St, National City, CA 91950
      View Details

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      1.1k
    • Avg Time on site
      24 min
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    2004 Highland Ave, Unit 16
    National City, CA 91950-5835
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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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