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    Property profile & analytics

    4285 Ruffin Rd San Diego, CA 92123-1821

    • Data centers and call centers
    • 12,990 SF
    • 1.06 lot acres
    OFF-MARKET
    Last Sale
    Feb 17, 2023
    $3,950,000
    Value Estimations
    $3,810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9036368
    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

    • California Coast Credit Union Kearny Mesa Branch / Mortgage Lender / Credit Union

    Property Details for 4285 Ruffin Rd

    Year built
    1978
    Lot size
    1.06 lot acres
    Property size
    12,990 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Data centers and call centers
    APN
    369-183-11-00
    APU
    3691831100

    Description

    This exceptional 46,174 square foot commercial and industrial land parcel presents a unique opportunity in the desirable Kearny Mesa submarket. Situated on a highly visible corner lot at the signalized intersection of Ruffin Road (206' frontage) and Ridgehaven Court, this property enjoys excellent accessibility and exposure, just one block south of Balboa Avenue, a major thoroughfare. The property is zoned IL-2-1 and features APN 369-183-11. Currently available for build-to-suit development or a short-term ground lease, this 1.06-acre site offers significant potential. Preliminary plans for a 23,544 square foot industrial building are available upon request, showcasing a potential development scenario. This prime location provides unparalleled visibility and convenient access to major transportation routes, making it an attractive option for businesses seeking a strategic presence in Kearny Mesa. The single-tenancy nature of the land allows for complete control and customization to meet specific business needs. Interested parties are encouraged to explore the possibilities of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,740,000
      ML approach
      $3,930,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,799,000
      Market price range: $3.46M - $7.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.126
    Latitude
    32.8195
    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
    $49,595
    $3,774,000
    $255,000
    $4,029,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,255,000
      48,420 SF

      4705 Ruffin Rd

      RADIO OR TV STATION • 48,420 SF
      4705 Ruffin Rd, San Diego, CA 92123-1611
      View Details
    • Value Estimation
      $815,000
      15,400 SF

      5455 Kearny Villa Rd

      RADIO OR TV STATION • 15,400 SF
      5455 Kearny Villa Rd, San Diego, CA 92123-1105
      View Details
    • Value Estimation
      $1,280,000
      21,400 SF

      8949 Clairemont Mesa Blvd

      RADIO OR TV STATION • 21,400 SF
      8949 Clairemont Mesa Blvd, San Diego, CA 92123-1103
      View Details
    • Value Estimation
      $270,000
      4.58 Acres

      8950 Clairemont Mesa Blvd

      RADIO OR TV STATION • 4.58 Acres
      8950 Clairemont Mesa Blvd, San Diego, CA 92123-1104
      View Details
    • Value Estimation
      $475,000
      6,640 SF

      4493 Ruffin Rd

      RADIO OR TV STATION • 6,640 SF
      4493 Ruffin Rd, San Diego, CA 92123-1605
      View Details
    • Value Estimation
      $255,000
      0.47 Acres

      Clairemont Mesa Blvd

      RADIO OR TV STATION • 0.47 Acres
      Clairemont Mesa Blvd, San Diego, CA 92123
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      San Diego Office Building For Sale

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    Similar Nearby for Lease

    • $23 SF/Yr
      27,449 SF

      San Diego Executive Office Suites

      Prestigious San Diego office space available.
      3625-3675 Ruffin Rd, San Diego, CA 92123
      View Details
    • $2 SF/Yr
      55,943 SF

      San Diego Executive Office Space

      Prime San Diego Flex Office Available
      8787 Complex Dr, San Diego, CA 92123
      View Details
    • $23 SF/Yr
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      Prime Kearny Mesa Office Suites

      San Diego Office Space: 4 Suites Available
      5151 Murphy Canyon Rd, San Diego, CA 92123
      View Details
    • $2 SF/Yr
      20,060 SF

      Office Space Available For Lease

      Office space available for lease, up to 20060 square feet.
      3710 Ruffin Rd, San Diego, CA 92123
      View Details
    • $2 SF/Yr
      3,667 SF

      San Diego Office Space Available

      Office space available for lease in San Diego, CA.
      9445 Farnham St, San Diego, CA 92123
      View Details
    • $350 /Mo
      14,892 SF

      SmartSpace: Office and Art Gallery

      Full-time, part-time, and virtual offices in a collaborative art gallery.
      4455 Murphy Canyon Rd, San Diego, CA 92123
      View Details
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    San Diego, CA 92123-1821
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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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