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

    2990 Msn Blvd San Diego, CA 92109-8074

    • Office Properties & Spaces
    • 1,486 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $635,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8936181
    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

    • Mission Beach Chiropractic / Alternative Medicine Practice
    • Mission Beach Volleyball / Park / Night Club
    • Mission Beach Penthouse / Vacation Rental / Hotel & Motel

    Property Details for 2990 Msn Blvd

    Year built
    1975
    Lot size
    0.11 lot acres
    Property size
    1,486 SF
    Zone code
    COMMERCIAL
    Property type
    Office Properties & Spaces
    APN
    423-692-10-10
    APU
    4236921010

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $510,000
      6.5%
      $470,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $705,000
      Market price range: $378k - $1.11M
      AI Estimate
      $727,000
      Market price range: $403k - $910k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $625,000
      Current use
      MEDICAL BUILDING
      $865,000
      Change: +38% Conversion: Easy
      AUTO REPAIR, GARAGE
      $575,000
      Change: -9% 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
    -117.251
    Latitude
    32.7675
    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
    $5,360
    $278,773
    $153,322
    $432,095
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      13,260 SF

      4502 Cass St

      Office Properties & Spaces • 13,260 SF
      4502 Cass St, San Diego, CA 92109
      View Details
    • Value Estimation by Request
      420 SF

      1919 Grand Ave Ste 1h

      CONDOMINIUM OFFICES • 420 SF
      1919 Grand Ave Ste 1h, San Diego, CA 92109-4578
      View Details
    • Value Estimation by Request
      558 SF

      1940 Garnet Ave Ste, Unit 150

      CONDOMINIUM OFFICES • 558 SF
      1940 Garnet Ave Ste, San Diego, CA 92109-0500
      View Details
    • Value Estimation by Request
      384 SF

      1919 Grand Ave, Unit 1K

      CONDOMINIUM OFFICES • 384 SF
      1919 Grand Ave, San Diego, CA 92109-4500
      View Details
    • Value Estimation by Request
      558 SF

      1940 Garnet Ave Ste, Unit 250

      CONDOMINIUM OFFICES • 558 SF
      1940 Garnet Ave Ste, San Diego, CA 92109-3576
      View Details
    • Value Estimation by Request
      408 SF

      1919 Grand Ave Ste 1d

      CONDOMINIUM OFFICES • 408 SF
      1919 Grand Ave Ste 1d, San Diego, CA 92109-4578
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,578 SF

      Prime Pacific Beach Office Space

      6,578 SF Executive Office, 11 Parking Spaces
      967-969 Hornblend St, San Diego, CA 92109
      View Details
    • $1,250,000
      4,561 SF

      Pacific Beach Office Condo

      Three-story office condo in Pacific Beach, San Diego for sale.
      1940 Garnet Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      0.17 Acres

      Furnished Offices Near Pacific Beach

      Remodeled offices with amenities, near the ocean in Pacific Beach.
      4526-38 Cass St, San Diego, CA 92109
      View Details
    • $2,500,000

      Two-Tenant Office Building Near Beach

      Fully occupied office building with multi-family development potential.
      1300 Grand Ave, San Diego, CA 92109
      View Details
    • $5,299,000

      New Pacific Beach Duplex

      New duplex with modern design, rooftop decks, and ocean views.
      4823 Academy St, San Diego, CA 92109
      View Details
    • Contact for pricing

      Penthouse with Panoramic Views

      Penthouse with views, new appliances, and resort-style amenities.
      3991 Crown Point Dr, San Diego, CA 92109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      295 SF

      Mission Blvd Executive Office Space

      San Diego Executive Suite Available Now
      4603 Mission Blvd, San Diego, CA 92109
      View Details
    • Contact for pricing
      13,260 SF

      Historic Dunaway Office Suites

      San Diego Creative Office Space Available
      4502 Cass St, San Diego, CA 92109
      View Details
    • $33 SF/Yr
      5,840 SF

      Garnet Ave Executive Office Space

      Prime Pacific Beach Office Suite Available
      2280 Garnet Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      612 SF

      Office Space in San Diego

      Office space available for rent in San Diego, CA.
      4425 Bayard St, San Diego, CA 92109
      View Details
    • Contact for pricing
      996 SF

      La Jolla Office Space Available

      Office space available for rent in La Jolla, California.
      675 Turquoise St, La Jolla, CA 92109
      View Details
    • $24 SF/Yr
      15,370 SF

      Mission Bay Medical Office Building

      San Diego medical office space available.
      3023 Bunker Hill St, San Diego, CA 92109
      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.
    2990 Msn Blvd
    San Diego, CA 92109-8074
    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.