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    Property profile & analytics

    3111 Camino Del Rio San Diego, CA 92108

    • Office buildings
    • 9,999 SF
    • 5.94 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Last Sale
    Aug 12, 2021
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6592388
    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

    • Exhibitors Housing Management / Hotel & Motel
    • Family Insurance / Insurance Agency
    • Sam James Boyer | Fairway Independent Mortgage Corporation Mortgage Advisor / Loan Service / Bank
    • Alfredo Ramirez | Fairway Independent Mortgage Corporation Mortgage Advisor / Loan Service / Bank
    • Jason Pollington | Fairway Independent Mortgage Corporation Mortgage Advisor / Loan Service

    Property Details for 3111 Camino Del Rio

    Year built
    1983
    Lot size
    5.94 lot acres
    Property size
    9,999 SF
    Zone code
    COMMERCIAL
    Property type
    Office buildings
    APN
    433-230-41-00
    APU
    4332304100

    Description

    This Class A, 16,344 square foot office building in San Diego's Mission Valley offers a variety of workspace solutions. Located at 3111 Camino Del Rio North, Suite 400, San Diego, CA 92108, this property boasts 350 suites, with 5,970 square feet currently vacant. Spaces range from 10 square feet minimum to a maximum contiguous 1,300 square feet, accommodating individuals to large companies. The building features multiple tenancies, including executive offices, coworking spaces, and creative office options. Renovated in 2019, the building includes elevators and offers a prestigious address with marble floors and landscaped gardens. Its convenient location provides easy access to four freeways and San Diego International Airport, and is a short drive from Mission Valley and Fashion Valley malls. Amenities include fully furnished and equipped private offices, serviced and custom office space options, disaster recovery spaces, and day offices. A benefits program with exclusive discounts and procurement support is also available. The building is situated in San Diego County and offers a landmark location with easy commutes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,430,000
      6.5%
      $3,170,000
      7%
      $2,940,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,029,000
      Market price range: $762k - $3.03M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,355,000
      Current use
      MEDICAL BUILDING
      $5,820,000
      Change: +34% Conversion: Easy
      RETAIL STORES
      $4,810,000
      Change: +10% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $4,020,000
      Change: -8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,855,000
      Change: -12% 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
    -117.128
    Latitude
    32.7743
    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
    $718,760
    $16,358,685
    $42,148,307
    $58,506,992
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $12,900,000
      64,394 SF

      1011 Camino Del Rio S

      OFFICE BUILDING (MULTI-STORY) • 64,394 SF
      1011 Camino Del Rio S, San Diego, CA 92108-3531
      View Details
    • Value Estimation
      $5,145,000
      30,533 SF

      5005 Texas St

      OFFICE BUILDING (MULTI-STORY) • 30,533 SF
      5005 Texas St, San Diego, CA 92108-3721
      View Details
    • Value Estimation
      $3,660,000
      9,999 SF

      1615 Murray Cyn Rd

      OFFICE BUILDING (MULTI-STORY) • 9,999 SF
      1615 Murray Cyn Rd, San Diego, CA 92108-4314
      View Details
    • Value Estimation
      $12,125,000
      73,200 SF

      1550 Hotel N Cir

      OFFICE BUILDING (MULTI-STORY) • 73,200 SF
      1550 Hotel N Cir, San Diego, CA 92108-2901
      View Details
    • Value Estimation
      $10,250,000
      61,577 SF

      2667 Camino Del Rio S

      OFFICE BUILDING (MULTI-STORY) • 61,577 SF
      2667 Camino Del Rio S, San Diego, CA 92108-3707
      View Details
    • Value Estimation
      $8,640,000
      51,828 SF

      3717 Camino Del Rio S, Unit 37

      OFFICE BUILDING (MULTI-STORY) • 51,828 SF
      3717 Camino Del Rio S, San Diego, CA 92108-4005
      View Details

    Similar Nearby for Sale

    • $1,175,000
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      Prime San Diego Executive Office

      2,040 SF Office Condo, $1.175M
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    • $825,000
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      Mission Valley Office Condo For Sale

      1,500 SF office condo available in Mission Valley.
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    • $495,000
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      Remodeled Condo in Mission Valley

      Completely remodeled 2-bedroom condo with high-end finishes and resort-style amenities.
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    • $11,850,000
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      Corporate HQ & Warehouse Space

      Corporate headquarters and warehouse space available for sale or lease.
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    • $299,997

      Remodeled Condo in Fashion Valley

      Modern studio condo with resort-style amenities and convenient location.
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    • $739,900
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      Move-In Ready Townhome at Hazard Center

      Comfortable townhome with upgrades, private balcony, and garage.
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      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      2,039 SF

      Three-Story Office Building For Rent

      78,388 SF office building with freeway access and amenities.
      8989 Rio San Diego Dr, San Diego, CA 92108
      View Details
    • $3 SF/Yr
      2,156 SF

      Class A Office Space Available

      Class A office building in the heart of Mission Valley.
      591 Camino De La Reina, San Diego, CA 92108
      View Details
    • $2 SF/Yr
      5,386 SF

      Class A Office Space Available

      Two-story, 29,639 SF office space with freeway access.
      8889 Rio San Diego Dr, San Diego, CA 92108
      View Details
    • $1.95 SF/Yr
      3,073 SF

      Corporate Headquarters Office Space

      High-end office building with excellent highway access.
      2763 Camino Del Rio S, San Diego, CA 92108
      View Details
    • $27 SF/Yr
      7,429 SF

      Prime San Diego Executive Office Space

      7,429 SF Office Building, 3,936 SF Available
      3333 Camino Del Rio, San Diego, CA 92108
      View Details
    • $30 SF/Yr
      3,233 SF

      Mission Valley Executive Suites

      Prime San Diego Office Space Available
      1550 Hotel Cir, San Diego, CA 92108
      View Details
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    3111 Camino Del Rio
    San Diego, CA 92108
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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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