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    2662 Del Mar Hts Rd Del Mar, CA 92014-3100

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    2662 Del Mar Hts Rd Del Mar, CA 92014-3100

    View on Map
    • Grocery and convenience stores
    • 24,793 SF
    • 1.91 lot acres
    Off-Market
    Property ID
    US09-7414953
    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
    $3,545,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CVS / Pharmacy
    • CDReload Instant Bitcoin / Crypto Atm
    • CVS Pharmacy / Pharmacy
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 2662 Del Mar Hts Rd

    Year built
    1988
    Lot size
    1.91 lot acres
    Property size
    24,793 SF
    Zone code
    COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    300-480-20-00
    APU
    3004802000

    Description

    This exceptional Class A medical office building, located at 2662-2676 Del Mar Heights Road in Del Mar, California, 92014, offers a rare opportunity to lease a highly desirable space. The property boasts a total of 98,854 square feet, currently featuring multiple tenants within a thriving retail and medical office environment. The building is classified as a shopping center and offers a mix of retail and medical office spaces. Currently, there is 1,317 square feet of vacant space immediately available for lease, perfect for a medical practice seeking a prominent location in San Diego County. The building's prime location in Del Mar provides excellent visibility and accessibility, making it an ideal choice for businesses seeking a high-traffic area. The property is categorized as Class A, reflecting its superior construction, amenities, and overall quality. This is a multi-tenant building, offering a collaborative and vibrant atmosphere. Interested parties are encouraged to inquire about lease terms and availability for this exceptional space. The property is situated in San Diego County, California, offering easy access to major transportation routes and a thriving local community. This is a unique opportunity to secure a well-located, high-quality medical office space in a desirable market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Del Mar
    County
    San Diego
    State
    California
    Longitude
    -117.246
    Latitude
    32.9502
    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
    $91,849
    $2,525,025
    $6,060,070
    $8,585,095
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $3,330,000
      23,645 SF

      2775 Via De La Valle

      RETAIL STORES (PERSONAL SERVICES) • 23,645 SF
      2775 Via De La Valle, Del Mar, CA 92014-1921
      View Details
    • Value Estimation
      $745,000
      4,854 SF

      832 Camino Del Mar

      RETAIL STORES (PERSONAL SERVICES) • 4,854 SF
      832 Camino Del Mar, Del Mar, CA 92014-2808
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    • Value Estimation by Request
      2,400 SF

      2302 Carmel Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      2302 Carmel Vly Rd, Del Mar, CA 92014-3705
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    • Value Estimation by Request
      2,664 SF

      13835 Mango Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,664 SF
      13835 Mango Dr, Del Mar, CA 92014-3101
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    • Value Estimation
      $18,500,000
      14,648 SF

      3702 Via De La Valle

      RETAIL STORES (PERSONAL SERVICES) • 14,648 SF
      3702 Via De La Valle, Del Mar, CA 92014-4255
      View Details

    Similar Nearby for Sale

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      2,582 SF

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    Similar Nearby for Lease

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      2,588 SF

      Retail Space with Private Patio

      End cap retail space available for rent with private patio.
      3790 Via De La Valle, Del Mar, CA 92014
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      622 SF

      Leased Retail Space in Del Mar

      Retail property in Del Mar, currently 100% leased.
      2610-2720 Via De La Valle, Del Mar, CA 92014
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      2,000 SF

      Del Mar Retail Space Available

      In-line retail space available for lease in Del Mar.
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      Del Mar Retail Space Available

      Retail space available for rent in Del Mar, California.
      2650 Via De La Valle, Del Mar, CA 92014
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      Prime Retail Space in Del Mar

      Retail space in the heart of Del Mar Village.
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      Del Mar Retail End Cap

      Retail space available in Del Mar, California.
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    Del Mar, CA 92014-3100
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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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