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    4051 Voltaire St San Diego, CA 92107

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    4051 Voltaire St San Diego, CA 92107

    View on Map
    • Retail space
    • 11,339 SF
    • 0.36 lot acres
    For Sale
    $3,420,000
    View Listing →
    Coastal Mixed-Use Redevelopment Opportunity For Sale
    $3,420,000
    2,492 SF

    Coastal Mixed-Use Redevelopment Opportunity

    Mixed-use redevelopment opportunity in Point Loma/Ocean Beach with retail income.

    4051 Voltaire St, San Diego, CA 92107
    View Listing
    Property ID
    US09-6655623
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Paper Moon Music / Vocational School / Training Center
    • Karen's Consignment Gallery / Furniture & Home Goods
    • Baja Canvas / Furniture & Home Goods
    • Avoca Acupuncture & Wellness / Alternative Medicine Practice / Acupuncture
    • Total Beauty Bar / Medical Clinic / Skin Care Clinic

    Property Details for 4051 Voltaire St

    Year built
    1950
    Lot size
    0.36 lot acres
    Property size
    11,339 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    449-252-01-00
    APU
    4492520100

    Description

    This exceptional San Diego development opportunity encompasses two parcels totaling 32,362 square feet (APN 449-452-01-00 & 449-390-18-00), located at 4051 Voltaire St and 4026-34 Wabaska Dr, San Diego, CA 92107. The property is zoned for commercial use and presents a rare chance to create a thriving mixed-use project. Currently operating as a 97% occupied retail center, this income-producing asset provides immediate cash flow while the entitlement process progresses. The approved plans include 39 residential units and 2,492 square feet of ground floor retail space, complemented by underground parking. This prime location along the Voltaire corridor in Point Loma/Ocean Beach offers unparalleled access to the beach (1.5 miles), San Diego International Airport, Liberty Station, SeaWorld, Downtown, Old Town, Mission Bay, and Little Italy. Entitlement close is anticipated by late 2024 or sooner, allowing for immediate income generation while development plans are finalized. This is a unique opportunity to capitalize on a high-demand coastal location with existing income and a clear path to a lucrative mixed-use development. The property's strategic location and current income stream make it an attractive investment for discerning developers seeking a high-return project in a vibrant San Diego neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,560,000
      6.5%
      $4,210,000
      7%
      $3,910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,242,000
      Market price range: $1.08M - $3.09M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,195,000
      Current use
      OFFICE BUILDING
      $4,785,000
      Change: -8% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $4,555,000
      Change: -12% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,550,000
      Change: -12% Conversion: Difficult

    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
    32.7424
    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
    $45,965
    $2,628,472
    $1,111,615
    $3,740,087
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      4234 Voltaire St

      RETAIL STORES (PERSONAL SERVICES) • 0.06 Acres
      4234 Voltaire St, San Diego, CA 92107-1710
      View Details
    • Value Estimation by Request
      0.09 Acres

      4164 Voltaire St, Unit 68

      RETAIL STORES (PERSONAL SERVICES) • 0.09 Acres
      4164 Voltaire St, San Diego, CA 92107-1815
      View Details
    • Value Estimation
      $1,600,000
      4,560 SF

      4808 12th Santa Monica Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,560 SF
      4808 12th Santa Monica Ave, San Diego, CA 92107-2811
      View Details
    • Value Estimation
      $2,240,000
      11,107 SF

      4993 Niagara Ave

      RETAIL STORES (PERSONAL SERVICES) • 11,107 SF
      4993 Niagara Ave, San Diego, CA 92107-3163
      View Details
    • Value Estimation
      $2,535,000
      9,916 SF

      2176 Chatsworth Blvd, Unit 80

      RETAIL STORES (PERSONAL SERVICES) • 9,916 SF
      2176 Chatsworth Blvd, San Diego, CA 92107-2423
      View Details
    • Value Estimation
      $1,810,000
      5,034 SF

      1956 Bacon St

      RETAIL STORES (PERSONAL SERVICES) • 5,034 SF
      1956 Bacon St, San Diego, CA 92107-2844
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,802 SF

      Retail Space in San Diego

      Retail property with 4802 square feet in San Diego.
      4870 Santa Monica Ave, San Diego, CA 92107
      View Details
    • Contact for pricing

      Coastal Mixed-Use Redevelopment Opportunity

      Mixed-use redevelopment opportunity in Point Loma/Ocean Beach with retail income.
      4051 Voltaire St, San Diego, CA 92107
      View Details
    • Contact for pricing

      Ocean Beach Retail Opportunity

      Retail building steps from the beach in Ocean Beach.
      4975 Newport Ave, San Diego, CA 92107
      View Details
    • $345,000
      2,076 SF

      Ocean Beach Restaurant/Bar Opportunity

      Rare restaurant/bar with full liquor license near the beach.
      5049 Newport Ave, San Diego, CA 92107
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in San Diego, California.
      1852 Bacon St, San Diego, CA 92107
      View Details
    View Listing
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    San Diego, CA 92107
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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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