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    Property profile & analytics

    3323 Carmel Mountain Rd San Diego, CA 92121

    • Retail space
    • 13,014 SF
    • 0.46 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7293224
    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

    • Full Potential Martial Arts Academy / Training Center / Sports School
    • TOMISLAV MIJO COTIC / Physician
    • RU Sports Performance Center / Gym & Fitness Center
    • Brian A. Gingras, DPT / Medical Clinic
    • Dr. Richard A. Parker, MD / Pediatrician / Physician

    Property Details for 3323 Carmel Mountain Rd

    Year built
    1983
    Lot size
    0.46 lot acres
    Property size
    13,014 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    310-130-09-00
    APU
    3101300900

    Description

    This exceptional Sorrento Valley property offers a ±13,000 square foot, two-story building constructed in 1990. Currently, a ±5,850 square foot ground floor flex suite is available for lease. This space is highly divisible, offering options of approximately ±2,600 square feet or ±3,250 square feet to accommodate various business needs. The building boasts an excellent corner location within the desirable Sorrento Valley submarket, providing exceptional visibility and accessibility. Ample parking is available for tenants and their clients, ensuring convenience. The property also presents the potential for prominent building signage, enhancing brand visibility. Its strategic location offers easy access to major freeways, simplifying commutes and logistics. The building's flexible design caters to a wide range of businesses, including those in the flex, creative office, and medical office sectors. The available space is ideal for companies seeking a modern and adaptable workspace in a thriving San Diego location. The building's total square footage is 13,000 square feet, with 2,600 square feet currently vacant. The property is comprised of one building with two stories. Multiple tenants currently occupy the building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,256,000
      Market price range: $2.96M - $7.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.236
    Latitude
    32.9164
    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
    $35,658
    $1,784,828
    $1,115,517
    $2,900,345
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $820,000
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      View Details
    • Value Estimation
      $8,140,000
      46,532 SF

      7292 Miramar Rd

      RETAIL STORES (PERSONAL SERVICES) • 46,532 SF
      7292 Miramar Rd, San Diego, CA 92121-2317
      View Details
    • Value Estimation
      $2,990,000
      9,999 SF

      9645 Scranton Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,999 SF
      9645 Scranton Rd, San Diego, CA 92121-1764
      View Details
    • Value Estimation
      $4,910,000
      19,824 SF

      11750 Sorrento Vly Rd

      RETAIL STORES (PERSONAL SERVICES) • 19,824 SF
      11750 Sorrento Vly Rd, San Diego, CA 92121-1025
      View Details
    • Value Estimation
      $2,945,000
      9,999 SF

      3545 Cray Ct

      RETAIL STORES (PERSONAL SERVICES) • 9,999 SF
      3545 Cray Ct, San Diego, CA 92121-1169
      View Details
    • Value Estimation
      $7,980,000
      45,696 SF

      9404 Genesee Ave

      RETAIL STORES (PERSONAL SERVICES) • 45,696 SF
      9404 Genesee Ave, San Diego, CA 92121
      View Details

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      Retail Space with Garden Courtyard

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      Retail Space Available For Rent

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      View Details
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    3323 Carmel Mountain Rd
    San Diego, CA 92121
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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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