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

    3729 University Ave San Diego, CA 92105

    • Retail space
    • 13,354 SF
    • 0.33 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Last Sale
    Jul 21, 2022
    $3,100,000
    Value Estimations
    $3,390,000
    Cap Rate Potential
    9.8%
    Retail space
    Location Intelligence
    Property ID
    US09-7434128
    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

    • Lizy Giddy African Market / African Goods Store

    Property Details for 3729 University Ave

    Year built
    1950
    Lot size
    0.33 lot acres
    Property size
    13,354 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    447-481-27-00
    APU
    4474812700

    Description

    This exceptional 9,000 square foot retail space is ideally situated on a prime corner of University Avenue in San Diego County's Mid-City area, between Golden Hill and North Park. Boasting phenomenal signage opportunities, including building signage and billboard potential, this single-tenant property ensures maximum visibility for your business. The space itself features a large, open layout perfect for a variety of retail uses, complemented by a convenient roll-up door and restrooms. Its strategic location offers easy access via Interstates 15 and 805, capitalizing on excellent traffic flow with a daily vehicle count exceeding 18,000. The surrounding area is densely populated, with over 57,353 residents within a one-mile radius, placing your business in the heart of a thriving community experiencing significant growth and revitalization. This property presents a unique opportunity to benefit from the ongoing development along University Avenue and El Cajon Boulevard, establishing a strong presence in a dynamic and expanding market. The property is classified as Retail, with a single tenancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,290,000
      ML approach
      $3,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,385,000
      6.5%
      $4,970,000
      7%
      $4,615,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,419,000
      Market price range: $1.01M - $3.17M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,365,000
      AUTO REPAIR, GARAGE
      $5,145,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.112
    Latitude
    32.7495
    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
    $41,334
    $1,326,000
    $1,836,000
    $3,162,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $650,000
      16,152 SF

      1940 54th St, Unit 68

      RETAIL STORES (PERSONAL SERVICES) • 16,152 SF
      1940 54th St, San Diego, CA 92105-5406
      View Details
    • Value Estimation
      $450,000
      9,999 SF

      4300 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,999 SF
      4300 University Ave, San Diego, CA 92105
      View Details
    • Value Estimation by Request
      2,400 SF

      4323 El Cajon Blvd, Unit 25

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      4323 El Cajon Blvd, San Diego, CA 92105-1211
      View Details
    • Value Estimation
      $4,300,000
      3,959 SF

      2281 Fairmount Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,959 SF
      2281 Fairmount Ave, San Diego, CA 92105-5222
      View Details
    • Value Estimation
      $675,000
      9,431 SF

      4066 Fairmount Ave, Unit 82

      RETAIL STORES (PERSONAL SERVICES) • 9,431 SF
      4066 Fairmount Ave, San Diego, CA 92105-1608
      View Details
    • Value Estimation
      $120,000
      3,250 SF

      4202 El Cajon Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,250 SF
      4202 El Cajon Blvd, San Diego, CA 92105-1267
      View Details

    Similar Nearby for Sale

    • $1,875,000
      6,438 SF

      City Heights Commercial Corner Building

      Freestanding 6,438 SF commercial building in City Heights.
      4604 University Ave, San Diego, CA 92105
      View Details
    • $1,450,000

      Versatile Commercial Property on University

      Three-unit commercial property with multiple income streams on high-traffic corner.
      3736 University Ave, San Diego, CA 92105
      View Details
    • $875,000

      Remodeled Mixed-Use Investment Opportunity

      Remodeled mixed-use property with commercial space and apartments for sale.
      4025 Van Dyke Ave, San Diego, CA 92105
      View Details
    • $999,000

      Mixed-Use Property in Opportunity Zone

      Mixed-use property in City Heights with high foot traffic.
      4170 Fairmount Ave, San Diego, CA 92105
      View Details
    • $2,795,000
      5,875 SF

      San Diego Development Opportunity

      Multifamily property with development potential in central San Diego.
      5502 University Ave, San Diego, CA 92105
      View Details
    • $999,999
      2,350 SF

      San Diego Warehouse with Secured Yard

      2,350 SF warehouse with secured yard and parking.
      4521 University Ave, San Diego, CA 92105
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      1,653 SF

      Retail Suites on Euclid Avenue

      Recently renovated retail suites with parking and signage available.
      1690 Euclid Ave, San Diego, CA 92105
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in City Heights

      Retail space available in a 7,080 SF retail center.
      4459-4465 University Ave, San Diego, CA 92105
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space with Drive-Thru Potential

      Retail space with drive-thru potential at a busy intersection.
      1655 Euclid Ave, San Diego, CA 92105
      View Details
    • Contact for pricing
      15,527 SF

      Freestanding Retail Building For Rent

      15,527 SF freestanding building in high visibility shopping center.
      3893-3993 54Th St, San Diego, CA 92105
      View Details
    • Contact for pricing
      17,500 SF

      Retail Building Former Rite Aid

      Retail building available for rent, formerly a Rite Aid.
      1745 Euclid Ave, San Diego, CA 92105
      View Details
    • $23 SF/Yr
      9,000 SF

      University Ave Retail Gem

      Prime Corner Retail Space, 9,000 SF
      3729 University Ave, San Diego, CA 92105
      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.
    3729 University Ave
    San Diego, CA 92105
    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.