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    445 Marine View Ave Del Mar, CA 92014
    Property profile & analytics

    445 Marine View Ave, Del Mar, CA 92014

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    • Retail space
    • 47,534 SF
    • 1.88 lot acres
    For Lease
    $35 SF/Yr
    View Listing →
    Del Mar Office with Ocean Views For Lease
    $35 SF/Yr
    48,941 SF

    Del Mar Office with Ocean Views

    High-image office building with ocean views and walkable amenities.

    445 Marine View Ave, Del Mar, CA 92014
    View Listing
    Property ID
    US09-6904158
    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

    • Bay Equity Home Loans / Loan Service / Bank
    • RingBot / (Bike/Boat/Book/etc) Store / Corporate Office
    • Estes Rodriguez, Harcourts Prime Properties / Real Estate Agency
    • Kevin Murphy Psychology / Physician / Medical Clinic
    • Laura Wakil M.D. / Physician

    Property Details for 445 Marine View Ave

    Year built
    1989
    Lot size
    1.88 lot acres
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    298-360-54-00
    APU
    2983605400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 3, 2013 $14,100,000 Hankey Investment Co LP 445 Marine View LLC Grant Deed —
    Aug 16, 2007 — 445 Marine View LLC Del Mar Investors LP Grant Deed $98M · Wachovia Bank NA
    May 10, 2004 — Del Mar Investors LP Hibiscus Investments INC Grant Deed $10M · J P Morgan Chase Bank
    Aug 19, 1998 $9,000,000 Hibiscus Investments INC Jlrb Associates Grant Deed —
    — — Jlrb Assoc — Deed Of Trust · related $6.2M · John Hancock Mutual Life Ins
    — — Hibiscus Investments INC — Deed Of Trust · related $5.4M · Bank Of The West

    Description

    This Class A, three-story office building at 445 Marine View Ave, Del Mar, CA 92014, offers executive suites in a prime location. The building boasts 18,989 square feet of total space, with multiple tenancy options available. Individual suites range from a minimum of 1,375 square feet to a maximum contiguous space of 2,158 square feet, with 3,533 square feet currently vacant. The property features breathtaking ocean views and abundant natural light thanks to expansive window lines. Architectural highlights include cantilevered cedar construction and dramatic interior waterfalls. High-end finishes create a sophisticated and creative office atmosphere, while also accommodating more traditional office environments. On-site amenities include key-card access, an outdoor atrium with a koi pond, and ample surface and covered parking (3.8 spaces per 1,000 square feet). The building's convenient location provides easy access to approximately 51,816 square feet of retail and services within walking distance. This exceptional property is ideal for businesses seeking a prestigious address, minimizing overhead, and maximizing their corporate image in a desirable coastal setting. San Diego County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Del Mar
    County
    San Diego
    State
    California
    Longitude
    -117.255
    Latitude
    32.99
    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
    $199,804
    $5,432,770
    $11,589,915
    $17,022,685
    -
    $0.00
    $0.00
    $0.00

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      Del Mar Coastal Investment Opportunity

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      Retail Space in Del Mar

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      Del Mar Retail Space

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      Retail Space Available For Lease

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      Del Mar Retail Space Available

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      Prime Retail Space in Del Mar

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      Del Mar Retail Space Available

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    Del Mar, CA 92014
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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.

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