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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5201 Naranja St San Diego, CA 92114

    • Commercial real estate
    • 6,236 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8521762
    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

    • Salinas Landscaping / Landscape Architect / Landscaper

    Property Details for 5201 Naranja St

    Year built
    1948
    Property size
    6,236 SF
    Property type
    Commercial real estate

    Description

    This exceptional 10-unit apartment building, located at 5201 Naranja Street in San Diego, CA 92114, presents a compelling value-add investment opportunity. The property boasts 6,236 square feet of net rentable space across ten individual, cottage-style buildings, each offering a unique single-family home feel. Built in 1948, this well-maintained complex sits on a spacious 16,561 square foot lot and currently enjoys 100% occupancy. Seven assigned parking spaces are available on-site, supplemented by ample street parking. Residents benefit from a shared laundry facility. The property's current Net Operating Income (NOI) is $116,386, yielding a 5.97% cap rate. However, a pro-forma NOI of $148,128 projects a 7.60% cap rate, highlighting significant upside potential. Each unit is priced at $195,000, with the entire property listed at $1,950,000 ($312.70 per square foot). Its convenient location in San Diego offers easy access to major freeways, making it highly attractive to tenants. This property represents a rare chance to acquire a well-positioned, income-generating asset in a highly sought-after San Diego neighborhood. The individual cottage-style units provide a unique and desirable living experience, contributing to strong tenant demand and rental income stability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.082649
    Latitude
    32.7083335

    Comparable in this City

    • $3,960,000

      Lincoln Park Multifamily Investment Opportunity

      Well-maintained 12-unit apartment complex in San Diego's Lincoln Park.
      5406 Imperial Ave, San Diego, CA 92114
      View Details
    • $1,399,000

      Existing Multifamily Property with Expansion Plans

      Five-unit property with permits for expansion to ten units.
      247 Euclid Ave, San Diego, CA 92114
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    • $1,500,000

      Encanto Triplex: Investment Opportunity

      Rare Encanto triplex with strong income potential.
      201 Treewood St, San Diego, CA 92114
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    • $125,000

      Remodeled Mobile Home in Family Park

      Remodeled 1-bedroom mobile home with new roof and flooring.
      402 63Rd St, San Diego, CA 92114
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    • $1,500,000

      Valencia Park Four-Unit Apartment Building

      Four-unit apartment building in revitalizing Valencia Park area.
      5479 Imperial Ave, San Diego, CA 92114
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    • $2,935,000
      1,800 SF

      Jamba Drive-Thru NNN, San Diego

      Prime San Diego Jamba location, high NOI.
      409 Euclid Ave, San Diego, CA 92114
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    Similar Nearby for Sale

    • $1,399,000

      Existing Multifamily Property with Expansion Plans

      Five-unit property with permits for expansion to ten units.
      247 Euclid Ave, San Diego, CA 92114
      View Details
    • $3,960,000

      Lincoln Park Multifamily Investment Opportunity

      Well-maintained 12-unit apartment complex in San Diego's Lincoln Park.
      5406 Imperial Ave, San Diego, CA 92114
      View Details
    • $125,000

      Remodeled Mobile Home in Family Park

      Remodeled 1-bedroom mobile home with new roof and flooring.
      402 63Rd St, San Diego, CA 92114
      View Details
    • $1,500,000

      Encanto Triplex: Investment Opportunity

      Rare Encanto triplex with strong income potential.
      201 Treewood St, San Diego, CA 92114
      View Details
    • $1,500,000

      Valencia Park Four-Unit Apartment Building

      Four-unit apartment building in revitalizing Valencia Park area.
      5479 Imperial Ave, San Diego, CA 92114
      View Details
    • $89,000

      San Diego Land For Sale

      Land available in San Diego, California.
      66Th St, San Diego, CA 92114
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      1,488 SF

      Retail Space in San Diego

      Retail space available for lease in San Diego, CA.
      310 Euclid Ave, San Diego, CA 92114
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and excellent synergy.
      220 Euclid Ave, San Diego, CA 92114
      View Details
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    San Diego, CA 92114
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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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