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Property profile & analytics
OFF-MARKET Estimated value $3,405,000
Warehouses

2202 Verus St San Diego, CA 92154-4703

15,479 SF 0.71 ac lot Built 1985
Trust Owned Absentee Owner ~ Est. High Equity
Property ID
US09-8504050
Property summary
AI-generated overview

This exceptional industrial property, located at 2202 Verus Street in San Diego, California, presents a compelling investment opportunity. The warehouse, built in 1981, boasts a single-tenant occupancy, simplifying management and maximizing rental income potential. The building's key features include a substantial 21-foot ceiling height, providing ample vertical space for storage and operations. Convenient grade-level doors ensure efficient loading and unloading, streamlining logistics and minimizing operational costs. Situated in San Diego County, zip code 92154, this warehouse offers easy access to major transportation arteries, enhancing its strategic value for businesses requiring seamless distribution networks. The property's classification as an industrial warehouse, combined with its single-tenant status and practical design elements, makes it an attractive prospect for investors seeking a stable and potentially high-yielding asset. The property's location within San Diego County provides access to a robust workforce and a thriving local economy. This warehouse represents a solid investment opportunity in a desirable location. The property type is industrial, specifically a warehouse, offering a straightforward and potentially lucrative investment.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1985
Total area 15,479 SF
Lot 0.71 ac (30,927 SF)
Zoning code INDUSTRIAL (M ZONE)
APN 622-120-45-00
UPID US09-8504050
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Padre Janitorial Supplies General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.31M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.41M
Owner & transaction history
Ely Family Trust
Ely Family Trust
since 2025
Last sale
$4.0M
7 recorded transactions
2025
$4.0M
2018
Price N/A
2004
$1.3M
2004
Price N/A
2002
$1.1M
2000
Price N/A
1969
Price N/A
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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