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    3890 Vly Ctr Dr San Diego, CA 92130-3309
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    Property profile & analytics

    3890 Vly Ctr Dr, San Diego, CA 92130-3309

    View on Map
    • Strip malls
    • 5,416 SF
    • 0.56 lot acres
    Off-Market
    Property ID
    US09-8925786
    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.
    Value Estimations
    $1,410,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • F45 Training Del Mar / Gym & Fitness Center
    • Torrey Pines Animal Hospital / Veterinary Clinic
    • Budget Car Rental / Car Rental Facility

    Property Details for 3890 Vly Ctr Dr

    Year built
    1991
    Lot size
    0.56 lot acres
    Zone code
    COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    307-024-01-00
    APU
    3070240100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 30, 2025 — Piazza Carmel LLC — Deed · related $66M · Prudential Insurance Of America
    Jul 17, 2015 — Piazza Carmel LLC Piazza Retail LLC Quit Claim Deed —
    Apr 15, 1998 — Piazza Retail LLC Carmel Valley Patners I Grant Deed $18M · Mellon Mortgage Co
    — — Piazza Retail LLC — Deed Of Trust · related $37.5M · Mony Life Insurance Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.233
    Latitude
    32.938
    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
    $10,216
    $173,302
    $658,575
    $831,877
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,030,000
      10,995 SF

      3830 Vly Ctr Dr

      SHOPPING CENTER, STRIP CENTER
      3830 Vly Ctr Dr, San Diego, CA 92130-3320
      View Details
    • Value Estimation by Request
      16,800 SF

      4639 Carmel Mtn Rd, Unit 45

      SHOPPING CENTER, STRIP CENTER
      4639 Carmel Mtn Rd, San Diego, CA 92130-6626
      View Details
    • Value Estimation
      $1,080,000
      4,122 SF

      3870 Vly Ctr Dr

      SHOPPING CENTER, STRIP CENTER
      3870 Vly Ctr Dr, San Diego, CA 92130-3311
      View Details
    • Value Estimation
      $9,220,000
      27,650 SF

      12845 El Camino Real, Unit 57

      SHOPPING CENTER, STRIP CENTER
      12845 El Camino Real, San Diego, CA 92130-2055
      View Details
    • Value Estimation
      $1,645,000
      86,864 SF

      12925 El Camino Real, Unit 73

      SHOPPING CENTER, STRIP CENTER
      12925 El Camino Real, San Diego, CA 92130-1891
      View Details
    • Value Estimation
      $15,130,000
      98,148 SF

      3387 Del Mar Hts Rd

      SHOPPING CENTER, STRIP CENTER
      3387 Del Mar Hts Rd, San Diego, CA 92130-1803
      View Details

    Similar Nearby for Lease

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      3,500 SF

      Torrey Hills Center Retail Space

      Retail space available within the Torrey Hills Center.
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      3,503 SF

      Retail Space in Shopping Center

      Retail space available within a 380,000 SF shopping center.
      3435 Del Mar Heights Rd, San Diego, CA 92130
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    • Contact for pricing
      2,750 SF

      Retail Space in San Diego

      Retail space available within a 380,000 SF shopping center.
      12847 El Camino Real, San Diego, CA 92130
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    • Contact for pricing
      685 SF

      Restaurant and Retail Space Available

      Restaurant and retail space with strong national tenants.
      3830-3860 Valley Centre Dr, San Diego, CA 92130
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    • Contact for pricing
      2,650 SF

      Restaurant and Retail Space Available

      First-class restaurant and retail space with strong national tenants.
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    Property Visit Statistics

    • Visits by month
      6.7k
    • Visitors by month
      4.6k
    • Avg Time on site
      18 min
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    San Diego, CA 92130-3309
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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.

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