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5015 Shoreham Pl San Diego, CA 92122-5926

OFF-MARKET Retail space Google Maps
23,350 SF 2.47 ac lot Built 1985
Entity Owned Absentee Owner ~ Est. High Equity
Estimated value (blended)
$13.41M
Range $12.07M – $14.75M (±10%)
Property ID US09-7559298

Property summary

AI-generated overview

This exceptional 25,600 square foot medical office building, situated on a 2.47-acre lot in San Diego's Golden Triangle, presents a unique owner-user opportunity. Built in 1985 and extensively renovated in 2015, the single-story building boasts modern finishes and an efficient layout, ideal for attracting and retaining top-tier talent. The open floor plan features roll-up doors and operable windows, creating a seamless indoor/outdoor flow. The space is easily divisible, allowing for multi-tenant occupancy and potential rental income. With 95 parking spaces and a convenient location just ½ mile from the 805 Freeway and minutes from major freeways, accessibility is unparalleled. The property benefits from its proximity to numerous retail amenities, totaling over 800,000 square feet, and Governor Park's diverse food truck scene. The recent approval of the Governor Park community plan (effective December 2024) designates the property with CO-3-3 zoning, further enhancing its value and potential uses. The asking price is $14,720,000. This investment offers significant tax advantages, including depreciation write-offs and principal paydown, contributing to a low occupancy cost and building appreciation, making it an attractive addition to any investment portfolio. The property is currently vacant. The APN is 348-031-19-00 and the address is 5015 Shoreham Pl, San Diego, CA 92122.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1985
Total area 23,350 SF
Lot 2.47 ac (107,593 SF)
Zoning code COMMERCIAL
APN 348-031-19-00
UPID US09-7559298

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank
  • Loan Service Bank
  • (Bike/Boat/Book/etc) Store Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Charitable Organization Social Service Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$8.67M
Comparable Approach Comparable
$17.97M
Blend (final) Blend
$13.41M

Owner & transaction history

since 2025
Last sale
$13.5M
7 recorded transactions
2025
$13.5M
2017
$11.2M
2014
$3.9M
2003
Price N/A
2000
$3.8M
1999
$1.4M
1999
$4.3M

Zoning & alternative use

COMMERCIAL · San Diego, CA
Top alternative use upside
Restaurant $20.7M +84.0%
Medical building $13.6M +21.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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