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Property profile & analytics
OFF-MARKET
Estimated value
$13,810,000
Grocery and convenience stores
3645 Midway Dr San Diego, CA 92110-5202
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US09-7028725
Property summary
AI-generated overview
Point Loma Plaza, located at 3645 Midway Dr, San Diego, CA 92110, offers a prime retail opportunity in San Diego County. This multi-tenant property boasts a total of 205,076 square feet, with five individual suites available. Spaces range from a minimum of 228 square feet to a maximum contiguous space of 1,944 square feet, providing flexibility for various business needs. Currently, 4,855 square feet are vacant, presenting a unique chance to establish or expand your business in this vibrant location. The property's strategic location offers direct access to major freeways, I-5 and I-8, ensuring excellent accessibility and high visibility. This coastal location benefits from a substantial daytime population, creating a strong customer base for retail ventures. The property type is classified as retail, with a subtype including commercial and fitness space options, making it suitable for a diverse range of businesses. The property is ideal for businesses seeking high traffic and convenient access within a thriving San Diego community. Consider this exceptional opportunity to secure your space in this well-positioned retail center.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1989
Total area
50,513 SF
Lot
4.11 ac (179,031 SF)
Zoning code
COMMERCIAL
APN
441-260-06-00
UPID
US09-7028725
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Starbucks Cafe & Coffee Shop
-
Dental Office Dental Office
-
Vons Pharmacy Pharmacy
-
Vons Grocery & Convenience Store Food Market
-
US Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.81M
Owner & transaction history
Fw Ca Point Loma Plaza LLC · 21 yrs held
Fw Ca Point Loma Plaza LLC
since 2005
2 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$21.3M
+1.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,320,000
6.5%
$18,760,000
7%
$17,420,000
Alternative Use
Use
Estimation
RETAIL STORES
$21,110,000
Current use
OFFICE BUILDING
$21,320,000
Change: +1% · Conversion: Easy
INDUSTRIAL (GENERAL)
$20,300,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$13.81M
Range $12.43M – $15.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$273 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$183,686
Tax year 2024
Assessed value
$14,933,072
Assessed 2024
Previous assessed
$14,933,072
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$7,593,087
Assessed improvement
$7,339,985
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1989
Heating
NONE
Units
1
Total area
50,513 SF
Lot
4.11 ac (179,031 SF)
Zoning code
COMMERCIAL
APN
441-260-06-00
UPID
US09-7028725
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$21.1M
OFFICE BUILDING
Est. value
$21.3M
INDUSTRIAL (GENERAL)
Est. value
$20.3M
RETAIL STORES Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Units
1
Lot
4.11 ac
Current owner
From public records · entity-resolved
Fw Ca Point Loma Plaza LLC
Entity
Mailing address
PO BOX 2539, SAN ANTONIO, TX 78299-2539
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
—
Fw Ca Point Loma Plaza LLC
—
Deed
related
$38,900,000 · Hartford Fire Insurance Company
Jun 8, 2005
—
Fw Ca Point Loma Plaza LLC
Us Retail Partners LLC
Grant Deed
$31,850,000 · Wachovia Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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