Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2240 Jimmy Durante Blvd Del Mar, CA 92014-2216

    • Warehouses
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0050339
    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

    • Del Mar Public Works / Public Works Department / Paving Contractor

    Property Details for 2240 Jimmy Durante Blvd

    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Warehouses
    APN
    760-145-38-00
    APU
    7601453800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Del Mar
    County
    San Diego
    State
    California
    Longitude
    -117.2638026
    Latitude
    32.970984
    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
    $1,170
    $110,000
    $0.00
    $110,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $715,000
      4,000 SF

      2179 San Dieguito Dr

      WAREHOUSE, STORAGE • 4,000 SF
      2179 San Dieguito Dr, Del Mar, CA 92014-2222
      View Details
    • Value Estimation by Request
      0.21 Acres

      163 12th St

      WAREHOUSE, STORAGE • 0.21 Acres
      163 12th St, Del Mar, CA 92014-2314
      View Details
    • Value Estimation by Request
      0.89 Acres

      2120 Jimmy Durante Blvd

      WAREHOUSE, STORAGE • 0.89 Acres
      2120 Jimmy Durante Blvd, Del Mar, CA 92014-2273
      View Details
    • Value Estimation by Request
      0.12 Acres

      149 12th St

      WAREHOUSE, STORAGE • 0.12 Acres
      149 12th St, Del Mar, CA 92014-2314
      View Details
    • Value Estimation by Request
      0.13 Acres

      142 13th St

      WAREHOUSE, STORAGE • 0.13 Acres
      142 13th St, Del Mar, CA 92014-2332
      View Details
    • Value Estimation
      $2,685,000
      10,720 SF

      2126 Jimmy Durante Blvd

      WAREHOUSE, STORAGE • 10,720 SF
      2126 Jimmy Durante Blvd, Del Mar, CA 92014-2215
      View Details

    Similar Nearby for Sale

    • $12,995,000
      14,111 SF

      Del Mar Office Building

      Office building for sale in Del Mar, California.
      853 Camino Del Mar, Del Mar, CA 92014
      View Details
    • $8,000,000

      Prime Land in Del Mar

      Commercial land available in Del Mar, California.
      1237 Camino Del Mar, Del Mar, CA 92014
      View Details
    • Contact for pricing
      2,582 SF

      Del Mar Retail Investment Opportunity

      Two retail properties in downtown Del Mar, California for sale.
      215-217 15Th St, Del Mar, CA 92014
      View Details
    • Contact for pricing

      Land with Development Potential

      Land suitable for residential or commercial development.
      959 Genevieve St, Del Mar, CA 92014
      View Details
    • $10,005,720
      10,056 SF

      Del Mar Waterfront Office Building

      Prime Coastal Office, Owner/User Opportunity
      2262 Carmel Valley Rd, Del Mar, CA 92014
      View Details
    • $19,998,000

      Ocean Avenue Specialty Property

      Specialty property available on Ocean Avenue.
      931 Ocean Ave, Del Mar, CA 92014
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr
      13,279 SF

      Del Mar Executive Office Suites

      Prime Del Mar office space, 3 suites available.
      1011 Camino Del Mar, 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
      View Details
    • $52 SF/Yr
      3,536 SF

      Retail Space Near Interstate 5

      Retail space with high visibility and accessibility.
      2676 Del Mar Heights Rd, Del Mar, CA 92014
      View Details
    • $8,000 /Mo
      900 SF

      Del Mar Beach Colony Rental

      Top-floor unit with ocean views, resort access, and parking.
      1552 Camino Del Mar, Del Mar, CA 92014
      View Details
    • Contact for pricing
      3,167 SF

      Del Mar Retail Space

      Retail space available for lease in Del Mar, California.
      15770 San Andres Dr, Del Mar, CA 92014
      View Details
    • Contact for pricing
      1,430 SF

      Retail Space in Del Mar

      Retail space available for lease in Del Mar, California.
      1555 Camino Del Mar, Del Mar, CA 92014
      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.
    2240 Jimmy Durante Blvd
    Del Mar, CA 92014-2216
    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.