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

    2870 Main St, Unit 86 San Diego, CA 92113-3729

    • Manufacturing properties
    • 16,800 SF
    • 0.48 lot acres
    OFF-MARKET
    Last Sale
    Aug 16, 2023
    $5,200,000
    Value Estimations
    $5,135,000
    Show details
    Cap Rate Potential
    3.9%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-7230682
    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

    • Global Fire & Safety / Professional Services / Fire Station

    Property Details for 2870 Main St

    Year built
    1990
    Lot size
    0.48 lot acres
    Property size
    16,800 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    550-231-38-00
    APU
    5502313800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,135,000
      ML approach
      $5,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,658,000
      Market price range: $1.59M - $5.66M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,810,000
      Current use
      OFFICE BUILDING
      $7,090,000
      Change: +86% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $6,475,000
      Change: +70% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $5,460,000
      Change: +43% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.132
    Latitude
    32.6931
    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
    $63,899
    $2,750,000
    $2,450,000
    $5,200,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,155,000
      25,321 SF

      2644 National Ave, Unit 46

      MANUFACTURING (LIGHT) • 25,321 SF
      2644 National Ave, San Diego, CA 92113-3618
      View Details
    • Value Estimation by Request
      1,184 SF

      2679 Newton Ave, Unit 81

      MANUFACTURING (LIGHT) • 1,184 SF
      2679 Newton Ave, San Diego, CA 92113-3622
      View Details
    • Value Estimation
      $3,235,000
      7,030 SF

      1775 National Ave

      MANUFACTURING (LIGHT) • 7,030 SF
      1775 National Ave, San Diego, CA 92113-1010
      View Details
    • Value Estimation by Request
      1,500 SF

      2635 Logan Ave

      MANUFACTURING (LIGHT) • 1,500 SF
      2635 Logan Ave, San Diego, CA 92113-3611
      View Details
    • Value Estimation by Request
      3,924 SF

      1680 Logan Ave

      MANUFACTURING (LIGHT) • 3,924 SF
      1680 Logan Ave, San Diego, CA 92113-1005
      View Details
    • Value Estimation by Request
      2,170 SF

      3167 Commercial St

      MANUFACTURING (LIGHT) • 2,170 SF
      3167 Commercial St, San Diego, CA 92113-1426
      View Details

    Similar Nearby for Sale

    • $3,499,950

      Logan Heights Industrial Property For Sale

      Industrial property in a rapidly developing area with warehouse and distribution.
      2929 Commercial St, San Diego, CA 92113
      View Details
    • $13,000,000
      12,549 SF

      Rare San Diego Industrial Yard

      Three-parcel industrial yard near Downtown San Diego with redevelopment potential.
      2699 Commercial St, San Diego, CA 92113
      View Details
    • $1,100,000
      2,142 SF

      Turn-key Duplex in Prime Location

      Newer construction duplex with strong curb appeal and solid returns.
      3464-3466 Durant St, San Diego, CA 92113
      View Details
    • $899,000

      Mixed-Use Investment Near Downtown

      Mixed-use property near downtown San Diego with income potential.
      2988 National Ave, San Diego, CA 92113
      View Details
    • $1,150,000

      San Diego Multi-Unit Residence

      Three-unit property with income potential in a thriving San Diego neighborhood.
      3964 Delta St, San Diego, CA 92113
      View Details
    • $899,900

      Logan Heights Duplex Opportunity

      Income-generating duplex near downtown San Diego in vibrant Logan Heights.
      1845 Julian Ave, San Diego, CA 92113
      View Details

    Similar Nearby for Lease

    • $0.75 SF/Yr
      19,900 SF

      Industrial Portfolio with Covered Parking

      Three-building industrial portfolio with office, warehouse, and covered parking.
      1430 National Ave, San Diego, CA 92113
      View Details
    • $1.20 SF/Yr
      14,250 SF

      Industrial Warehouse with Fenced Yard

      Industrial warehouse with office, fenced yard, and freeway access.
      3388 Main St, San Diego, CA 92113
      View Details
    • $1.85 SF/Yr
      10,500 SF

      Creative Flex Space Available

      10,500 SF flex space with office and warehouse components.
      1660 Logan Ave, San Diego, CA 92113
      View Details
    • Contact for pricing
      128,248 SF

      San Diego Warehouse Distribution Space

      128,248 SF warehouse with high ceilings and ample loading.
      1770 Thor St, San Diego, CA 92113
      View Details
    • $1.50 SF/Yr
      25,232 SF

      San Diego Warehouse - 25,232 SF

      Freestanding warehouse, ideal for lease. Prime San Diego location.
      1346 28Th St, San Diego, CA 92113
      View Details
    • Contact for pricing
      8,825 SF

      Warehouse/Showroom Near I-5 & SR-94

      8,825 SF warehouse/showroom with great access to major routes.
      2031 Commercial St, San Diego, CA 92113
      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.
    2870 Main St, Unit 86
    San Diego, CA 92113-3729
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.