Add Listing
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

    453 6th Ave San Diego, CA 92101-7007

    • Hotels
    • 44,535 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    May 12, 2022
    $40,975,000
    Value Estimations
    $29,515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7209114
    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

    • Courtyard San Diego Gaslamp/Convention Center / Hotel & Motel
    • Rooftop Bar / Bar & Pub
    • The Nolen / Bar & Pub / Nightclub

    Property Details for 453 6th Ave

    Year built
    2016
    Lot size
    0.11 lot acres
    Property size
    44,535 SF
    Zone code
    COMMERCIAL
    Property type
    Hotels
    Property subtype
    Motels
    APN
    535-116-02-01
    APU
    5351160201

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $25,820,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $30,492,000
      Market price range: $22.6M - $34.4M
      AI Estimate
      $28,780,000
      Market price range: $20.3M - $29.8M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $27,735,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $45,495,000
      Change: +64% Conversion: Difficult
      RESTAURANT
      $39,420,000
      Change: +42% Conversion: Difficult
      RETAIL STORES
      $28,010,000
      Change: +1% Conversion: Difficult
      MEDICAL BUILDING
      $25,925,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.159
    Latitude
    32.7101
    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
    $430,807
    $5,202,000
    $29,620,188
    $34,822,188
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

      401 K St

      HOTEL/MOTEL • 1.10 Acres
      401 K St, San Diego, CA 92101-6929
      View Details
    • Value Estimation by Request
      0.08 Acres

      116 Broadway

      HOTEL/MOTEL • 0.08 Acres
      116 Broadway, San Diego, CA 92101
      View Details
    • Value Estimation
      $3,905,000
      9,999 SF

      1380 Hbr Is Dr

      HOTEL/MOTEL • 9,999 SF
      1380 Hbr Is Dr, San Diego, CA 92101-1007
      View Details
    • Value Estimation
      $5,110,000
      18,679 SF

      2353 Pacific Hwy

      HOTEL/MOTEL • 18,679 SF
      2353 Pacific Hwy, San Diego, CA 92101-1746
      View Details
    • Value Estimation
      $3,255,000
      12,020 SF

      722 5th Ave, Unit 28

      HOTEL/MOTEL • 12,020 SF
      722 5th Ave, San Diego, CA 92101-6918
      View Details
    • Value Estimation
      $15,345,000
      57,440 SF

      1445 6th Ave

      HOTEL/MOTEL • 57,440 SF
      1445 6th Ave, San Diego, CA 92101-3204
      View Details

    Similar Nearby for Sale

    • $7,250,000
      11,906 SF

      Prime San Diego Mixed-Use Building

      Historic building, high occupancy, strong NOI.
      722 5Th Ave, San Diego, CA 92101
      View Details
    • $8,000,000
      9,000 SF

      Hotel Gigi: San Diego Gem

      Boutique Hotel, Prime Location, High ROI
      547-549 Ninth Ave, San Diego, CA 92101
      View Details
    • $375,000

      Hard Rock Hotel King Suite

      Corner King Suite in Hard Rock Hotel, Downtown San Diego.
      207 5Th Ave, San Diego, CA 92101
      View Details
    • Contact for pricing
      13,000 SF

      Gaslamp Quarter Nightclub - San Diego

      Prime location, 13,000 sq ft, owner-user opportunity.
      500 4Th Ave, San Diego, CA 92101
      View Details
    • $1,500,000

      Prime San Diego Residential Land

      Downtown San Diego development opportunity
      301 16Th St, San Diego, CA 92101
      View Details
    • $1,247,000
      1,610 SF

      Kettner Blvd Creative Office Space

      Little Italy gem: 1,610 SF creative office.
      2483 Kettner Blvd, San Diego, CA 92101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,240 SF

      Downtown San Diego Boutique Hotel

      Boutique hotel and commercial space in downtown San Diego.
      933-939 5Th Ave, San Diego, CA 92101
      View Details
    • $35 SF/Yr
      1,200 SF

      East Village Creative Office Space

      Prime San Diego location, ±1,200 SF creative office.
      726 Ninth Ave, San Diego, CA 92101
      View Details
    • Contact for pricing
      5,193 SF

      Ariel Suites: San Diego Creative Office

      Prime San Diego Creative Office Space Available
      701 Beech St, San Diego, CA 92101
      View Details
    • $47 SF/Yr
      3,342 SF

      East Village Retail Space | San Diego

      Prime San Diego retail space, high-traffic location.
      833 Market St, San Diego, CA 92101
      View Details
    • $5 SF/Yr
      234,000 SF

      Office Building in San Diego

      Office building with 234,000 square feet available for rent.
      2100 Kettner Blvd, San Diego, CA 92101
      View Details
    • Contact for pricing

      Retail Space on Kettner Boulevard

      Retail property available for lease on Kettner Boulevard.
      2400 Kettner Blvd, San Diego, CA 92101
      View Details

    Property Visit Statistics

    • Visits by month
      10.8k
    • Visitors by month
      6.5k
    • Avg Time on site
      292 min
    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.
    453 6th Ave
    San Diego, CA 92101-7007
    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.
    Sign Up Successful!
    You now have access to more from Realmo!