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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3500 5th Ave San Diego, CA 92103-5053

    • Retail space
    • 36,263 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $8,040,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2237995
    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

    • Farshin Farokhian, DDS / Dentist / Cosmetic Dentist
    • Expericon Construction Inc. / General Contractor
    • Expericon Construction / Construction Company
    • Advanced Attorney Services / Legal Services
    • Restore Body Acupuncture / Health Consultant

    Property Details for 3500 5th Ave

    Year built
    1963
    Lot size
    0.46 lot acres
    Property size
    36,263 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    452-406-14-00
    APU
    4524061400

    Description

    The Webster Medical Building, a three-story Class C office building in San Diego County's Bankers Hill submarket, offers exceptional value. Built in 1971 and renovated in 1988, this multi-tenant property boasts a total of 32,563 square feet. Currently, there are 5,419 square feet of vacant space available, divisible into units as small as 1,320 square feet. The largest contiguous space available is 2,093 square feet, ideal for a variety of businesses. The building caters to both traditional office and medical office tenants. One-year lease terms are available, making this an attractive option for businesses seeking flexibility. Ample parking is included, a significant advantage in this desirable location. This property presents a unique opportunity to secure office space at the lowest rate in the Bankers Hill/Hillcrest area. The building's central location within Bankers Hill provides easy access to numerous amenities and transportation options. Contact us today to learn more about the available spaces and schedule a viewing.

    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
    -117.161
    Latitude
    32.7418
    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
    2015
    $50,204
    $1,075,540
    $3,195,905
    $4,271,445
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,270,000
      13,716 SF

      928 Ft Stockton Dr

      RETAIL STORES (PERSONAL SERVICES) • 13,716 SF
      928 Ft Stockton Dr, San Diego, CA 92103-1881
      View Details
    • Value Estimation
      $775,000
      3,175 SF

      3735 India St, Unit 39

      RETAIL STORES (PERSONAL SERVICES) • 3,175 SF
      3735 India St, San Diego, CA 92103-3727
      View Details
    • Value Estimation
      $1,885,000
      8,076 SF

      141 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,076 SF
      141 University Ave, San Diego, CA 92103-3063
      View Details
    • Value Estimation
      $1,710,000
      6,828 SF

      940 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,828 SF
      940 University Ave, San Diego, CA 92103-7348
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    • Value Estimation
      $1,630,000
      6,402 SF

      420 Robinson Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,402 SF
      420 Robinson Ave, San Diego, CA 92103-4234
      View Details
    • Value Estimation
      $2,105,000
      9,030 SF

      3955 5th Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,030 SF
      3955 5th Ave, San Diego, CA 92103-3195
      View Details

    Similar Nearby for Sale

    • $1,975,000
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      Prime Hillcrest Retail Opportunity

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    • $1,189,000
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      Remodeled Office and Retail Space

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      Hillcrest Restaurant Building

      Prime San Diego location, high occupancy.
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      Remodeled Mixed-Use Property in Hillcrest

      Remodeled office and retail space in dynamic Hillcrest neighborhood.
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      Turn Key Restaurant and Cafe

      Two buildings totaling 3,306 SF with drive-through potential.
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    Similar Nearby for Lease

    • Contact for pricing
      1,028 SF

      Retail Space in San Diego

      Retail space available for rent in a populated San Diego neighborhood.
      1010 University Ave, San Diego, CA 92103
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      3,050 SF

      Retail and Restaurant Space Available

      New mixed-use project in University Heights, anchored by CVS.
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    • $45 SF/Yr
      5,800 SF

      Retail Space with Modern Amenities

      Retail space featuring new finishes, fitness center, and on-site dining.
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      2,427 SF

      Mixed-Use Property in Banker's Hill

      Mixed-use property in Banker’s Hill, centrally located and under construction.
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      Restaurant/Retail Space in Hillcrest

      4,909 SF restaurant/retail space in a high-traffic area.
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      2,400 SF

      Retail Space Near Lifestyle Destinations

      Retail space adjacent to health, lifestyle, and dining destinations.
      4002 Park Blvd, San Diego, CA 92103
      View Details
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    San Diego, CA 92103-5053
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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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