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

    2585 Clairemont Dr, Unit 91 San Diego, CA 92117-6602

    • Auto shops
    • 4,060 SF
    • 0.36 lot acres
    OFF-MARKET
    Last Sale
    Sep 10, 2024
    $15,500,000
    Value Estimations
    $15,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6689017
    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

    • Valvoline Instant Oil Change / Auto Repair Shop

    Property Details for 2585 Clairemont Dr

    Year built
    1988
    Lot size
    0.36 lot acres
    Property size
    4,060 SF
    Zone code
    COMMERCIAL
    Property type
    Auto shops
    APN
    430-030-60-00
    APU
    4300306000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,500,000
      ML approach
      $15,500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.204
    Latitude
    32.7902
    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
    $16,420
    $986,494
    $348,512
    $1,335,006
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,146 SF

      3904 Clairemont Dr

      AUTO REPAIR, GARAGE • 1,146 SF
      3904 Clairemont Dr, San Diego, CA 92117-5511
      View Details
    • Value Estimation by Request
      1.73 Acres

      3664 Clairemont Dr, Unit 3B

      PARKING GARAGE, PARKING STRUCTURE • 1.73 Acres
      3664 Clairemont Dr, San Diego, CA 92117-5954
      View Details
    • Value Estimation by Request
      2.84 Acres

      Genesee Ave

      PARKING GARAGE, PARKING STRUCTURE • 2.84 Acres
      Genesee Ave, San Diego, CA 92117
      View Details
    • Value Estimation by Request
      1,632 SF

      4202 Clairemont Mesa Blvd

      SERVICE STATION (FULL SERVICE) • 1,632 SF
      4202 Clairemont Mesa Blvd, San Diego, CA 92117-2720
      View Details
    • Value Estimation by Request
      0.19 Acres

      Clairemont Dr

      PARKING GARAGE, PARKING STRUCTURE • 0.19 Acres
      Clairemont Dr, San Diego, CA 92117
      View Details
    • Value Estimation by Request
      1,620 SF

      5405 Clairemont Mesa Blvd

      SERVICE STATION (FULL SERVICE) • 1,620 SF
      5405 Clairemont Mesa Blvd, San Diego, CA 92117-2308
      View Details

    Similar Nearby for Sale

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      Specialty property for sale in San Diego, California.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Property 100% Leased

      Retail property currently 100% leased with no availability.
      4829 Clairemont Dr, San Diego, CA 92117
      View Details
    • Contact for pricing
      1,005 SF

      Retail Space in Established Market

      Retail space for rent in a high-density area.
      4267 Balboa Ave, San Diego, CA 92117
      View Details
    • Contact for pricing

      Retail Property 100% Leased

      Retail property, currently 100% leased, no availability.
      4809 Clairemont Dr, San Diego, CA 92117
      View Details
    • Contact for pricing
      1,402 SF

      Regional Shopping Center Retail Space

      Retail space in a dominant, anchored shopping center.
      4225 Genesee Ave, San Diego, CA 92117
      View Details
    • Contact for pricing

      Fully Leased Retail Center

      100% leased shopping center on Clairemont Mesa Blvd.
      3952-3998 Clairemont Mesa Blvd, San Diego, CA 92117
      View Details
    • Contact for pricing
      4,500 SF

      Clairemont Mesa Shopping Center Space

      16,217 SF shopping center in Clairemont Mesa.
      4445 Clairemont Mesa Blvd, San Diego, CA 92117
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      1.6k
    • Avg Time on site
      27 min
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    2585 Clairemont Dr, Unit 91
    San Diego, CA 92117-6602
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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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