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    Property profile & analytics

    3953 Oregon St San Diego, CA 92104

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7507408
    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

    • Commercial real estate

    Property Details for 3953 Oregon St

    Property type
    Commercial real estate
    APN
    445-711-06,07

    Description

    Exceptional opportunity to acquire a 14,000 square foot residential land parcel in San Diego's desirable North Park neighborhood. Located at 3953-3961 Oregon Street, 92104, this property offers a unique chance for ground-up development within a vibrant, walkable community. Just four blocks west of the bustling 30th & University intersection, the site boasts unparalleled access to an array of amenities. Within a five-block radius, residents and visitors will find over forty cafes, restaurants, and tasting rooms. This prime location presents a rare chance to shape the future of North Park. The land is priced at $4,050,000, translating to $289 per square foot. The property's APN is 445-711-06,07. This is an exceptional investment opportunity in a thriving San Diego neighborhood. Don't miss this chance to build your vision in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1348166
    Latitude
    32.7494713

    Comparable in this City

    • $2,095,000

      Development Site in North Park

      7,021 SF development site in vibrant North Park.
      4366 Ohio St, San Diego, CA 92104
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    • $1,595,000

      North Park Two-Unit Apartment Building

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      Reimagined Triplex in Desirable Location

      Three-unit property in North Park/South Park, ideal for investors.
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      Apartment Building in Quiet Neighborhood

      Apartment building in a tranquil, low-density San Diego neighborhood.
      2144 30Th St, San Diego, CA 92104
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    • $1,199,999

      North Park Mixed-Use Investment

      Mixed-use property with retail, residential unit, and billboard.
      3381 El Cajon Blvd, San Diego, CA 92104
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    • $1,095,000

      Cherokee Point Investment Opportunity

      Duplex in Cherokee Point, close to shops and dining.
      3577 Landis St, San Diego, CA 92104
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    Similar Nearby for Sale

    • $2,095,000

      Development Site in North Park

      7,021 SF development site in vibrant North Park.
      4366 Ohio St, San Diego, CA 92104
      View Details
    • $1,095,000

      Cherokee Point Investment Opportunity

      Duplex in Cherokee Point, close to shops and dining.
      3577 Landis St, San Diego, CA 92104
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    • $4,250,000

      Charming Multifamily Property in North Park

      14-unit multifamily property in the heart of North Park.
      4347 30Th St, San Diego, CA 92104
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    • $4,995,000

      San Diego Multifamily Investment Opportunity

      Motivated seller, renovated units, below market rents, high cap rate.
      3864 35Th St, San Diego, CA 92104
      View Details
    • $6,800,000

      26-Unit Senior Building Investment

      26-unit senior building in North Park with parking.
      4226 Utah St, San Diego, CA 92104
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    • $2,500,000

      Normal Heights Multifamily Investment Opportunity

      Seven-unit multifamily property in Normal Heights, San Diego.
      4343 Bancroft St, San Diego, CA 92104
      View Details

    Similar Nearby for Lease

    • $2,095 /Mo
      506 SF

      Remodeled North Park Apartment

      Recently remodeled 1BR apartment in North Park with in-unit laundry.
      4225 Florida St, San Diego, CA 92104
      View Details
    • Contact for pricing
      4,140 SF

      El Cajon Blvd Creative Office Space

      Prime San Diego North Park location, retail/office/tasting room.
      2311 El Cajon Blvd, San Diego, CA 92104
      View Details
    • Contact for pricing
      2,190 SF

      Retail Space with High Ceilings

      Retail space featuring 12' ceilings and potential outdoor area.
      3124-3138 University Ave, San Diego, CA 92104
      View Details
    • $2 SF/Yr
      1,198 SF

      North Park Retail/Office Space

      Prime retail/office space in a sought-after San Diego neighborhood.
      2900 N Park Way, San Diego, CA 92104
      View Details
    • Contact for pricing
      1 SF

      Prime San Diego Retail Space

      Bank Kiosk Space Available, 15 SF
      3001-3027 University Ave, San Diego, CA 92104
      View Details
    • Contact for pricing
      2,654 SF

      North Park Retail Space Available

      Retail space in vibrant North Park, San Diego.
      3964 30Th St, San Diego, CA 92104
      View Details
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    3953 Oregon St
    San Diego, CA 92104
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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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