Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    2189 Britannia Blvd San Diego, CA 92154-8307

    Property Lookup

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

    2189 Britannia Blvd San Diego, CA 92154-8307

    View on Map
    • Manufacturing properties
    • 37,325 SF
    • 2.07 lot acres
    Off-Market
    Property ID
    US09-7275042
    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
    $5,600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spectrum Plastics Group San Diego / Industrial Manufacturer / Production Facility
    • Spectrum Plastics Group, A DuPont Business / Production Facility / Factory

    Property Details for 2189 Britannia Blvd

    Year built
    2005
    Lot size
    2.07 lot acres
    Property size
    37,325 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    646-110-44-00
    APU
    6461104400

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,115,000
      6.5%
      $6,570,000
      7%
      $6,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -116.979
    Latitude
    32.5584
    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
    $68,553
    $2,039,154
    $3,494,552
    $5,533,706
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,915,000
      37,395 SF

      2451 Britannia Blvd

      MANUFACTURING (LIGHT) • 37,395 SF
      2451 Britannia Blvd, San Diego, CA 92154-7405
      View Details
    • Value Estimation
      $4,075,000
      9,999 SF

      1462 Corporate Ctr Dr

      MANUFACTURING (LIGHT) • 9,999 SF
      1462 Corporate Ctr Dr, San Diego, CA 92154-6662
      View Details
    • Value Estimation
      $4,075,000
      9,999 SF

      6205 Corporate Ctr Dr

      MANUFACTURING (LIGHT) • 9,999 SF
      6205 Corporate Ctr Dr, San Diego, CA 92154
      View Details
    • Value Estimation by Request
      0.69 Acres

      1690 Cactus Rd

      MANUFACTURING (LIGHT) • 0.69 Acres
      1690 Cactus Rd, San Diego, CA 92154-8101
      View Details
    • Value Estimation
      $7,450,000
      62,890 SF

      1333 30th St

      MANUFACTURING (LIGHT) • 62,890 SF
      1333 30th St, San Diego, CA 92154-3404
      View Details
    • Value Estimation
      $3,510,000
      22,000 SF

      1400 Piper Rnch Rd

      MANUFACTURING (LIGHT) • 22,000 SF
      1400 Piper Rnch Rd, San Diego, CA 92154-7711
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      San Diego Warehouse Opportunity

      Warehouse property available for sale in San Diego, California.
      6 Via De La Amistad, San Diego, CA 92154
      View Details
    • Contact for pricing
      32,427 SF

      New Industrial Warehouse in Otay

      Modern industrial warehouse near Otay Mesa Port of Entry.
      8854 Cypress Ct, San Diego, CA 92154
      View Details
    • Contact for pricing
      43,296 SF

      San Diego Storage Facility For Sale

      43,296 SF cold and dry storage facility in San Diego.
      9940 Michael Faraday Dr, San Diego, CA 92154
      View Details
    • $815,000
      1,524 SF

      Industrial Condo Near Otay Border

      Industrial condominium near Otay Border truck crossing with warehouse space.
      10050 Via De La Amistad, San Diego, CA 92154
      View Details
    • $2,356,000

      Versatile Commercial/Industrial Space Available

      Multi-use commercial/industrial space in a sought-after, central location.
      3065 Beyer Blvd, San Diego, CA 92154
      View Details
    • $750,000
      1,277 SF

      San Diego Warehouse/Office Condo

      1277 SF warehouse/office condo near Mexico border, easy freeway access.
      10005 Marconi Dr, San Diego, CA 92154
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      54,404 SF

      Modern Industrial Space in Otay

      High-clearance industrial facility ideal for logistics and manufacturing.
      1210 Air Wing Rd, San Diego, CA 92154
      View Details
    • Contact for pricing
      402,763 SF

      Industrial Distribution/Manufacturing Building Available

      601,417 SF industrial building for lease in San Diego.
      2020 Piper Ranch Rd, San Diego, CA 92154
      View Details
    • Contact for pricing
      99,417 SF

      High-Clearance Industrial Facility Sublease

      Modern industrial space ideal for logistics and manufacturing operations.
      1320 Air Wing Rd, San Diego, CA 92154
      View Details
    • Contact for pricing

      Standalone Building with Secured Yard

      For lease: standalone building with secured yard near border.
      8695 Avenida Costa Blanca, San Diego, CA 92154
      View Details
    • Contact for pricing

      Southern California Distribution Development

      1.8 million SF Class A distribution space for lease.
      Otay Business Park, San Diego, CA 92154
      View Details
    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.
    2189 Britannia Blvd
    San Diego, CA 92154-8307
    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.
    Sign Up Successful!
    You now have access to more from Realmo!