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    2907 Shelter Is Dr San Diego, CA 92106-2743
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    Property profile & analytics

    2907 Shelter Is Dr San Diego, CA 92106-2743

    View on Map
    • Strip malls
    • 16,951 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US09-6658465
    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
    $2,810,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Supannee House of Thai by Suree / Restaurant
    • restaurantevents.com / Event Planning / Wedding Service
    • WebHomes / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • All American Fencing / General Contractor / Construction Company
    • Skin Energy / Hair Salon / Nail Salon

    Property Details for 2907 Shelter Is Dr

    Year built
    1990
    Lot size
    0.53 lot acres
    Property size
    16,951 SF
    Zone code
    COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    531-326-11-00
    APU
    5313261100

    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
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.23
    Latitude
    32.7218
    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
    $94,094
    $4,359,650
    $3,299,195
    $7,658,845
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $3,565,000
      28,981 SF

      1666 Rosecrans St

      SHOPPING CENTER, STRIP CENTER • 28,981 SF
      1666 Rosecrans St, San Diego, CA 92106-2264
      View Details
    • Value Estimation
      $3,490,000
      6,600 SF

      2560 Laning Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      2560 Laning Rd, San Diego, CA 92106-6480
      View Details
    • Value Estimation
      $2,220,000
      4,197 SF

      2562 Laning Rd

      SHOPPING CENTER, STRIP CENTER • 4,197 SF
      2562 Laning Rd, San Diego, CA 92106-6418
      View Details
    • Value Estimation
      $3,490,000
      6,600 SF

      2556 Laning Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      2556 Laning Rd, San Diego, CA 92106-6478
      View Details
    • Value Estimation
      $1,190,000
      6,600 SF

      2560 Laning Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      2560 Laning Rd, San Diego, CA 92106-6480
      View Details
    • Value Estimation
      $3,175,000
      6,000 SF

      2558 Laning Rd

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      2558 Laning Rd, San Diego, CA 92106-6479
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,524 SF

      Point Loma Commercial Building

      Two-story, 2,524 SF commercial building in Shelter Island Marina.
      2820 Shelter Island Dr, San Diego, CA 92106
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      7,153 SF

      La Playa Eight-Unit Apartment Building

      Eight-unit apartment building in Point Loma's La Playa neighborhood.
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    • $2,495,000
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      Point Loma Multifamily Residence

      Exceptional residence with panoramic views, ideal for flexible living.
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      12,000 SF

      Class-A Marina in San Diego Bay

      First-class wet slip marina in a desirable boating market.
      2240 Shelter Island Dr, San Diego, CA 92106
      View Details
    • $3,999,999

      Point Loma Multifamily Investment Opportunity

      Eight-unit apartment building in the desirable La Playa neighborhood.
      375 Rosecrans St, San Diego, CA 92106
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    Similar Nearby for Lease

    • Contact for pricing
      2,429 SF

      Retail Space in San Diego

      Retail space available for lease in San Diego, CA.
      2556 Laning Rd, San Diego, CA 92106
      View Details
    • Contact for pricing
      3,525 SF

      Restaurant and Bar with Courtyard

      3,525 SF restaurant/bar with 4,000 SF outdoor event space.
      1451 Rosecrans St, San Diego, CA 92106
      View Details
    • Contact for pricing

      Liberty Station Mixed-Use Community

      Mixed-use community with restaurants, shops, residences, and office space.
      2495 Truxtun Rd, San Diego, CA 92106
      View Details
    • Contact for pricing
      1,211 SF

      Retail Space Available For Rent

      Retail space available for lease in San Diego, CA.
      2560 Laning Rd, San Diego, CA 92106
      View Details
    • $3 SF/Yr

      Retail Space Available For Rent

      Retail space available for rent in San Diego, CA.
      2850 Womble Rd, San Diego, CA 92106
      View Details
    • Contact for pricing
      640 SF

      Retail Space in San Diego

      640 SF retail space available for rent.
      2877 Historic Decatur Rd, San Diego, CA 92106
      View Details

    Property Visit Statistics

    • Visits by month
      3.9k
    • Visitors by month
      2.5k
    • Avg Time on site
      11 min
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    San Diego, CA 92106-2743
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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.

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