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

    4009 Park Blvd, Unit 15 San Diego, CA 92103-2619

    • Medical offices
    • 7,100 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Nov 30, 2021
    $1,123,500
    Value Estimations
    $1,385,000
    Show details
    Cap Rate Potential
    7.6%
    Medical offices
    Location Intelligence
    Property ID
    US09-6661487
    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

    • Far East Spa / Massage Therapist
    • All Risk Life Insurance Agency / Life Insurance Agency
    • Urban Glass Smoke Shop / Glass Shop / Herbal Medicine Store
    • Alternative Care Clinics / Medical Clinic
    • Kay Massage / Massage Therapist / Massage Spa

    Property Details for 4009 Park Blvd

    Year built
    1981
    Lot size
    0.16 lot acres
    Property size
    7,100 SF
    Zone code
    COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    445-551-09-00
    APU
    4455510900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,645,000
      ML approach
      $1,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,080,000
      6.5%
      $1,920,000
      7%
      $1,785,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,006,000
      Market price range: $631k - $2.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.146
    Latitude
    32.7506
    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
    $21,714
    $662,065
    $1,102,910
    $1,764,975
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,415,000
      6,962 SF

      2660 1st Ave

      MEDICAL BUILDING • 6,962 SF
      2660 1st Ave, San Diego, CA 92103-6507
      View Details
    • Value Estimation
      $16,110,000
      25,600 SF

      330 Lewis St

      MEDICAL BUILDING • 25,600 SF
      330 Lewis St, San Diego, CA 92103-2108
      View Details
    • Value Estimation
      $1,545,000
      2,511 SF

      4096 Ctr St

      MEDICAL BUILDING • 2,511 SF
      4096 Ctr St, San Diego, CA 92103-2608
      View Details
    • Value Estimation by Request
      0.12 Acres

      3302 4th Ave

      MEDICAL BUILDING • 0.12 Acres
      3302 4th Ave, San Diego, CA 92103-5704
      View Details
    • Value Estimation by Request
      1,704 SF

      3703 4th Ave, Unit 11

      MEDICAL BUILDING • 1,704 SF
      3703 4th Ave, San Diego, CA 92103-4202
      View Details
    • Value Estimation by Request
      1,820 SF

      3330 4th Ave, Unit 32

      MEDICAL BUILDING • 1,820 SF
      3330 4th Ave, San Diego, CA 92103-5704
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,785 SF

      Prime Hillcrest Retail Opportunity

      High-density residential zoning in a vibrant urban core.
      535 Robinson Ave, San Diego, CA 92103
      View Details
    • $2,500,000
      4,161 SF

      Dental Building For Sale

      Three-level, 4,161 SF dental building available for purchase.
      3821 8Th Ave, San Diego, CA 92103
      View Details
    • Contact for pricing

      Remodeled Office Space in Hillcrest

      Remodeled office space in a dynamic, high-visibility San Diego location.
      825 Washington St, San Diego, CA 92103
      View Details
    • Contact for pricing
      20,456 SF

      Uptown San Diego Office Condo

      Prime San Diego office, move-in ready.
      4080 Centre St, San Diego, CA 92103
      View Details
    • $1,189,000
      1,778 SF

      Remodeled Office and Retail Space

      Remodeled office and retail space in the heart of Hillcrest.
      825-829 Washington St, San Diego, CA 92103
      View Details
    • $3,750,000

      Bankers Hill Office and Duplex

      Office building and duplex in prime Bankers Hill location.
      3400 4Th Ave, San Diego, CA 92103
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      4,876 SF

      Prime San Diego Medical Office Space

      Hillcrest/Bankers Hill - 2,549 SF Available
      3100-3104 5Th Ave, San Diego, CA 92103
      View Details
    • Contact for pricing
      22,000 SF

      Hillcrest Office & Retail Space

      Prime Hillcrest location, multiple suites available
      3940 4Th Ave, San Diego, CA 92103
      View Details
    • Contact for pricing
      1,994 SF

      Office Space in Mercy Medical Bldg

      Office space available for lease in San Diego, California.
      4060 4Th Ave, San Diego, CA 92103
      View Details
    • $2 SF/Yr
      10,000 SF

      Medical Office Suite Available

      4,466 SF medical office suite for rent.
      4076 3Rd Ave, San Diego, CA 92103
      View Details
    • $23 SF/Yr
      6,850 SF

      Prime San Diego Creative Office Space

      High-visibility retail/office space in University Heights. Flexible floor plans available.
      4241 Park Blvd, San Diego, CA 92103
      View Details
    • Contact for pricing
      17,300 SF

      Urban Office Space with Patio

      Office space featuring indoor/outdoor connectivity and covered parking.
      3043 4Th Ave, San Diego, CA 92103
      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.
    4009 Park Blvd, Unit 15
    San Diego, CA 92103-2619
    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.