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

    3904 Convoy St, Unit 6 San Diego, CA 92111-3766

    • Strip malls
    • 33,291 SF
    • 2.64 lot acres
    OFF-MARKET
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8831467
    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

    • Imperial Mandarin / Chinese Restaurant / Restaurant
    • Izakaya Sakura / Sushi Restaurant / Izakaya Restaurant
    • Bistro Kaz / Japanese Restaurant / Restaurant
    • Tsuruhashi Japanese BBQ / Restaurant / Yakiniku Restaurant
    • Yokohama Yakitori Koubou / Japanese Restaurant / Restaurant

    Property Details for 3904 Convoy St

    Year built
    1980
    Lot size
    2.64 lot acres
    Property size
    33,291 SF
    Zone code
    COMMERCIAL
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    356-390-05-00
    APU
    3563900500

    Description

    This exceptional single-story retail center, located at 3904 Convoy Street in San Diego, California, offers a prime investment opportunity. Boasting a total of 28,300 square feet, the Convoy Crossroads Retail Center presents a multi-tenant configuration ideal for a variety of businesses. Currently, two retail spaces are available, ranging in size from 755 to 1,000 square feet, providing flexibility for prospective tenants. Situated in the vibrant San Diego County, zip code 92111, this property benefits from high visibility and convenient access for customers. The property's single-story design ensures easy navigation and accessibility. The address is 3904 Convoy Street, San Diego, CA. This location within San Diego County offers excellent potential for strong returns on investment due to its strategic placement and the current market demand for retail space in this thriving area. The property's size and layout provide ample opportunity for customization and tenant flexibility. Interested parties are encouraged to inquire about lease terms and availability for the two currently vacant spaces. This is a rare opportunity to acquire a well-located retail center in a high-demand market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $875,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,256,000
      Market price range: $676k - $1.26M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.155
    Latitude
    32.8149
    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
    $118,607
    $4,683,322
    $4,963,895
    $9,647,217
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $700,000
      20,618 SF

      4646 Convoy St

      SHOPPING CENTER, STRIP CENTER • 20,618 SF
      4646 Convoy St, San Diego, CA 92111-2315
      View Details
    • Value Estimation
      $660,000
      23,854 SF

      4403 Convoy St, Unit 25

      SHOPPING CENTER, STRIP CENTER • 23,854 SF
      4403 Convoy St, San Diego, CA 92111-3707
      View Details
    • Value Estimation
      $410,000
      20,000 SF

      3562 Acworth Ave, Unit 96

      SHOPPING CENTER, STRIP CENTER • 20,000 SF
      3562 Acworth Ave, San Diego, CA 92111-4537
      View Details
    • Value Estimation
      $8,180,000
      21,840 SF

      4690 Convoy St

      SHOPPING CENTER, STRIP CENTER • 21,840 SF
      4690 Convoy St, San Diego, CA 92111-2317
      View Details
    • Value Estimation
      $955,000
      50,860 SF

      8199 Clairemont Mesa Blvd

      SHOPPING CENTER, STRIP CENTER • 50,860 SF
      8199 Clairemont Mesa Blvd, San Diego, CA 92111-1710
      View Details
    • Value Estimation
      $565,000
      6.58 Acres

      7307 Clairemont Mesa Blvd, Unit 71

      SHOPPING CENTER, STRIP CENTER • 6.58 Acres
      7307 Clairemont Mesa Blvd, San Diego, CA 92111-1101
      View Details

    Similar Nearby for Sale

    • $159,000

      Restaurant Opportunity in Convoy Plaza

      Restaurant in popular Convoy plaza, suitable for sushi, pho.
      4690 Convoy St, San Diego, CA 92111
      View Details
    • $23,000,000

      New Retail Construction in San Diego

      New construction retail property with freeway frontage in San Diego.
      6999 Clairemont Mesa Blvd, San Diego, CA 92111
      View Details
    • $83,000

      Restaurant with Full Kitchen

      Restaurant space with full kitchen and low rent.
      4425 Convoy St, San Diego, CA 92111
      View Details
    • $2,100,000

      Linda Vista 8-Unit Apartment Complex

      Turn-key apartment complex in high-demand Linda Vista neighborhood.
      2220 Dunlop St, San Diego, CA 92111
      View Details
    • $2,425,000

      Linda Vista Investment Property

      Multi-unit property in central San Diego with income potential.
      6736-40 Kelly St, San Diego, CA 92111
      View Details
    • $5,490,000
      Pending

      San Diego Commercial Property For Sale

      Commercial property available for sale in San Diego, California.
      7750 Dagget St, San Diego, CA 92111
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,500 SF

      Gateway at Kearny Mesa Retail Center

      San Diego Retail Space - Multiple Units Available
      0 Clairemont Mesa Blvd & Interstate 805, San Diego, CA 92111
      View Details
    • Contact for pricing
      6,000 SF

      Regional Shopping Center Space Available

      Dominant shopping center in Clairemont submarket with high visibility.
      5950 Balboa Ave, San Diego, CA 92111
      View Details
    • Contact for pricing
      18,270 SF

      Shopping Center Retail Space

      93,000 SF shopping center with convenient access and parking.
      7307 Clairemont Mesa Blvd, San Diego, CA 92111
      View Details
    • Contact for pricing
      2,150 SF

      Regional Shopping Center Space Available

      Retail space in dominant Clairemont shopping center, high-traffic location.
      5604-5620 Balboa Ave, San Diego, CA 92111
      View Details
    • $2 SF/Yr
      1,371 SF

      Kearny Mesa Retail Opportunity

      Retail and restaurant spaces available in Kearny Mesa.
      8304 Clairemont Mesa Blvd, San Diego, CA 92111
      View Details
    • $2 SF/Yr
      2,080 SF

      Kearny Mesa Retail Opportunity

      Retail and restaurant spaces available in renovated Kearny Mesa center.
      8340 Clairemont Mesa Blvd, San Diego, CA 92111
      View Details
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    San Diego, CA 92111-3766
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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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