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

    2262 Carmel Valley Rd Del Mar, CA 92014

    • Retail space
    • 7,576 SF
    • 0.31 lot acres
    For Sale
    View listing
    $10,005,720
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8670918
    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

    • The Katriel Law Firm / Law Firm
    • Bunn Law group / Personal Injury Attorney
    • Coughlan & Vinel, LLP / Personal Injury Attorney
    • Ginger Wishner / Medical Clinic
    • Bodell Law Group / Employment Attorney / Labor Relations Attorney

    Property Details for 2262 Carmel Valley Rd

    Year built
    1981
    Lot size
    0.31 lot acres
    Property size
    7,576 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    301-083-19-00
    APU
    3010831900

    Description

    This exceptional Class A office building in Del Mar, California, presents a unique owner-user opportunity. Located on a 0.32-acre waterfront lot at 2262 Carmel Valley Rd, 92014, this two-story, 10,056 square foot building boasts a prime location with panoramic ocean views overlooking the Los Penasquitos Lagoon. Currently 49% occupied, the ground floor is 100% leased, generating in-place income. The upper floor offers high-end improvements, including a remodeled fitness center, chef's kitchen, new hardwood floors, and updated bathrooms, ready for an owner-occupant. Recent renovations totaling approximately $700,000 have enhanced the property's appeal. The building features 17 parking spaces and benefits from excellent visibility on Carmel Valley Road, a major thoroughfare, offering exceptional signage opportunities. Its proximity to the Scripps Medical cluster, technology hubs, and affluent residential areas, combined with easy access to State Route 56 and Interstate 5, makes this a highly desirable location. The asking price is $10,005,720. Built in 1981 and renovated in 2000/24, this property offers a blend of established income and modern amenities in one of San Diego's most sought-after locations. Current in-place rents are approximately 32% below market, presenting a significant upside potential for the new owner. The low after-tax occupancy cost of approximately $1.60 per square foot per month, excluding future appreciation, makes this an attractive investment. SBA financing options are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Del Mar
    County
    San Diego
    State
    California
    Longitude
    -117.254
    Latitude
    32.9337
    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
    $59,945
    $2,788,796
    $2,733,019
    $5,521,815
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      1110 Camino Del Mar

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      View Details
    • Value Estimation
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      12702 Via Cortina

      RETAIL STORES (PERSONAL SERVICES) • 9,541 SF
      12702 Via Cortina, Del Mar, CA 92014-3769
      View Details
    • Value Estimation
      $485,000
      8,200 SF

      910 Camino Del Mar A Ste A

      RETAIL STORES (PERSONAL SERVICES) • 8,200 SF
      910 Camino Del Mar A Ste A, Del Mar, CA 92014-2800
      View Details
    • Value Estimation
      $420,000
      1,290 SF

      1328 Camino Del Mar

      RETAIL STORES (PERSONAL SERVICES) • 1,290 SF
      1328 Camino Del Mar, Del Mar, CA 92014-2508
      View Details
    • Value Estimation
      $650,000
      42,600 SF

      12835 Pointe Del Mar Way, Unit 65

      RETAIL STORES (PERSONAL SERVICES) • 42,600 SF
      12835 Pointe Del Mar Way, Del Mar, CA 92014-3846
      View Details
    • Value Estimation
      $100,000
      10,170 SF

      1201 Camino Del Mar Ste, Unit 204

      RETAIL STORES (PERSONAL SERVICES) • 10,170 SF
      1201 Camino Del Mar Ste, Del Mar, CA 92014-2569
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      3,300 SF

      Retail Space End Cap

      Retail space available for rent.
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      View Details
    • $52 SF/Yr
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      Retail Space Near Interstate 5

      Retail space with high visibility and accessibility.
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      Del Mar Retail Space

      Retail space available for lease in Del Mar, California.
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      Retail Space in Del Mar

      Retail space available for lease in Del Mar, California.
      1555 Camino Del Mar, Del Mar, CA 92014
      View Details
    • $2 SF/Yr
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      Retail Space Available For Lease

      Retail property with 6464 square feet available for rent.
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      12,800 SF

      Beachside Del Mar Retail Space

      Prime Del Mar storefront, 1,317 sq ft available.
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      View Details
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    2262 Carmel Valley Rd
    Del Mar, CA 92014
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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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