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

    3040 Clairemont Dr San Diego, CA 92117-6997

    • Strip malls
    • 3.00 lot acres
    OFF-MARKET
    Last Sale
    Sep 06, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7296302
    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

    • Chesrown Automotive Sales & Leasing / Used Car Dealer
    • Elegant Lightings / Lighting Consultant / Lighting Products Wholesaler
    • Yaran Cash Auto Rental / Car Rental Agency
    • San Diego Golf Club Rentals / Golf Course / Golf Shop
    • Halcyon Limousines / Limousine Service

    Property Details for 3040 Clairemont Dr

    Lot size
    3.00 lot acres
    Zone code
    COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    425-710-11-00
    APU
    4257101100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.195
    Latitude
    32.7953
    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
    $5,970
    $332,946
    $142,670
    $475,616
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      3949 Clairemont Dr

      SHOPPING CENTER, STRIP CENTER • 0.17 Acres
      3949 Clairemont Dr, San Diego, CA 92117-5513
      View Details
    • Value Estimation by Request
      1.01 Acres

      3050 Clairemont Dr, Unit 62

      SHOPPING CENTER, STRIP CENTER • 1.01 Acres
      3050 Clairemont Dr, San Diego, CA 92117-6804
      View Details
    • Value Estimation
      $5,735,000
      29,980 SF

      5149 Clairemont Mesa Blvd, Unit 99

      SHOPPING CENTER, STRIP CENTER • 29,980 SF
      5149 Clairemont Mesa Blvd, San Diego, CA 92117-1446
      View Details
    • Value Estimation
      $20,135,000
      59,682 SF

      4760 Clairemont Mesa Blvd, Unit 96

      SHOPPING CENTER, STRIP CENTER • 59,682 SF
      4760 Clairemont Mesa Blvd, San Diego, CA 92117-2066
      View Details
    • Value Estimation by Request
      0.12 Acres

      4224 Balboa Ave, Unit 38

      SHOPPING CENTER, STRIP CENTER • 0.12 Acres
      4224 Balboa Ave, San Diego, CA 92117-5508
      View Details
    • Value Estimation
      $5,330,000
      27,722 SF

      4220 Balboa Ave

      SHOPPING CENTER, STRIP CENTER • 27,722 SF
      4220 Balboa Ave, San Diego, CA 92117-5508
      View Details

    Similar Nearby for Sale

    • $989,900

      Remodeled Condo with Ocean Views

      Completely remodeled single-level condo with panoramic ocean and bay views.
      4732 Iroquois Ave, San Diego, CA 92117
      View Details
    • $581,000

      Balboa Arms Drive Residence

      Residence with fresh interior paint and ample storage.
      5252 Balboa Arms Dr, San Diego, CA 92117
      View Details
    • $285,000

      Convoy Court Specialty Property

      Specialty property available for sale in San Diego, CA.
      6460 Convoy Ct, San Diego, CA 92117
      View Details
    • $650,000
      3,046.00 Acres

      Bay Park Development Opportunity

      Eight legal lots with bay views in coveted Bay Park.
      Trenton Ave, San Diego, CA 92117
      View Details
    • $1,995,000

      San Diego Specialty Property Available

      Specialty property for sale in San Diego, California.
      4821 Iroquois Ave, San Diego, CA 92117
      View Details
    • $2,850,000

      San Diego Specialty Property Available

      Specialty property for sale in San Diego, California.
      4957 Jumano Ave, San Diego, CA 92117
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      4,500 SF

      Retail Space in Clairemont Mesa

      Retail space in a well-located shopping center.
      4455 Clairemont Mesa Blvd, 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

      Fully Leased Retail Center

      Retail center in San Diego, CA, currently 100% leased.
      4705-4731 Clairemont Dr, San Diego, CA 92117
      View Details
    • Contact for pricing

      Retail Property 100% Leased

      Retail property currently 100% leased with no availability.
      4829 Clairemont Dr, San Diego, CA 92117
      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.
    3040 Clairemont Dr
    San Diego, CA 92117-6997
    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.