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Property profile & analytics
FOR LEASE
Manufacturing properties
3890 Murphy Canyon Rd San Diego, CA 92123
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8562428
For Lease
$3,365,000
3890 Murphy Canyon Rd, San Diego, CA 92123
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1988
Total area
29,200 SF
Lot
6.33 ac (275,734 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
421-392-08-00
UPID
US09-8562428
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
-
Leukemia & Lymphoma Society Charitable Organization Social Service Agency
-
Merlin Marine Corporation Marina
-
Securitas Security Services USA Security Service
-
TerraCosta, an ENGEO Company Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.04M
Blend (final)
Blend
$3.37M
Owner & transaction history
Canyon Corporate Center Investors L · 6 yrs held
Canyon Corporate Center Investors L
since 2019
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.37M
Range $3.03M – $3.70M · ±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
$115 / 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
$101,012
Tax year 2024
Assessed value
$8,202,343
Assessed 2024
Previous assessed
$8,202,343
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$4,610,467
Assessed improvement
$3,591,876
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1988
Heating
NONE
Units
1
Total area
29,200 SF
Lot
6.33 ac (275,734 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
421-392-08-00
UPID
US09-8562428
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · 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.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Units
1
Lot
6.33 ac
Current owner
From public records · entity-resolved
Canyon Corporate Center Investors L
Individual
Mailing address
2727 LYNDON B JOHNSON FWY STE #806, DALLAS, TX 75234-7334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2019
$28,450,000
Canyon Corporate Center Investors L
Tpp 203 Olympia LLC
Grant Deed
$18,460,000 · Jpmorgan Chase Bank NA
Dec 6, 2017
—
Tpp 203 Olympia LLC
—
Grant Deed
related
$17,000,000 · Compass Bk
Mar 22, 2013
—
Tpp 203 Olympia LLC
—
Deed Of Trust
related
$11,735,000 · A10 Capital LLC
Dec 20, 2012
$12,750,000
Tpp 203 Olympia LLC
Us Bank NA Series 2007-c4
Grant Deed
—
Feb 1, 2012
$15,200,000
Us Bank NA Series 2007-c4
Assured Lender Svcs INC
Trustees Deed
related
—
Dec 29, 2004
—
Olympia Plaza LLC
—
Deed Of Trust
related
$16,000,000 · Gmac Commercial Mortgage Corp
Apr 1, 2004
—
Olympia Plaza LLC
Janney Enterprises LP
Grant Deed
related
—
Jan 28, 2002
$15,500,000
Janney Enterprises LP
Income Opportunity Realty Inv
Grant Deed
$12,000,000 · Column Financial INC
Sep 30, 1997
—
Income Opportunity Realty Inv
—
Deed Of Trust
related
$7,000,000 · Cathay Bank
Sep 30, 1996
—
Income Oportunity Rty Investor
Dolphinshire LP
Grant Deed
$3,500,000 · Seller
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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