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Property profile & analytics
FOR LEASE
Retail space
5060 Shoreham Pl San Diego, CA 92122
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8923235
For Lease
1 / 2
$14,585,000
5060 Shoreham Pl, San Diego, CA 92122
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
52,599 SF
Lot
2.96 ac (128,937 SF)
Zoning code
COMMERCIAL
APN
348-031-10-00
UPID
US09-8923235
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Kiran Analytics Inc (Bike/Boat/Book/etc) Store Corporate Office
-
Chaitanya Pabbati, M.D. Physician
-
Dr. Leah Morgan Gym & Fitness Center Alternative Medicine Practice
-
Achieve Concierge Crisis Center Medical Clinic
-
Blaire Ashley Heath Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.59M
Owner & transaction history
5g Equicap LLC · 8 yrs held
5g Equicap LLC
since 2018
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,160,000
6.5%
$19,535,000
7%
$18,140,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$22,200,000
Change: -12% · Conversion: Easy
INDUSTRIAL (GENERAL)
$21,140,000
Change: -16% · Conversion: Difficult
AUTO REPAIR, GARAGE
$20,270,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$14.59M
Range $13.13M – $16.04M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$277 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$213,167
Tax year 2024
Assessed value
$17,346,317
Assessed 2024
Previous assessed
$17,346,317
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$8,812,599
Assessed improvement
$8,533,718
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1990
Heating
NONE
Units
1
Total area
52,599 SF
Lot
2.96 ac (128,937 SF)
Zoning code
COMMERCIAL
APN
348-031-10-00
UPID
US09-8923235
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$22.2M
INDUSTRIAL (GENERAL)
Est. value
$21.1M
AUTO REPAIR, GARAGE
Est. value
$20.3M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Units
1
Lot
2.96 ac
Current owner
From public records · entity-resolved
5g Equicap LLC
Entity
Mailing address
6310 GREENWICH DR STE #210, SAN DIEGO, CA 92122-5902
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2020
—
5g Equicap LLC
—
Deed
related
$8,550,000 · Jpmorgan Chase Bank NA
Feb 2, 2018
$15,550,000
5g Equicap LLC
Fpa Governor Park Associates LLC
Grant Deed
$8,840,000 · Jpmorgan Chase Bank NA
Dec 19, 2011
—
Fpa Governor Park Assocs LLC
—
Deed Of Trust
related
$10,850,000 · Miref Governor Fin LLC
Dec 19, 2008
$8,000,000
Fpa Governor Park Assocs LLC
Miref Governor Park LLC
Grant Deed
—
Oct 20, 2008
—
Miref Governor Park LLC
Mcmorgan Institutional R/e
Grant Deed
—
Jul 28, 2004
—
William R Richards
Richards,denise
Quit Claim Deed
related
—
Sep 20, 2002
—
Institutional Real Es Mcmorgan
Iver Governor Park LLC
Grant Deed
related
—
May 11, 1999
$7,725,000
Five Governor Park LLC
West Palm Blackpoint Assoc LP
Grant Deed
—
Mar 10, 1997
$4,550,000
Palm Blackpoint Assoc LP West
Governor Park Partners LP
Grant Deed
$3,600,000 · Principal Commercial Advisors
Jul 15, 1988
$2,736,500
Park P Gorvernor
Five Governor
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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