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Property profile & analytics
FOR LEASE
Warehouses
5450 Complex St San Diego, CA 92123
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7750026
For Lease
1 / 4
$21.60 SF/Yr
5450 Complex St, San Diego, CA 92123
View Listing →
Property summary
AI-generated overview
This newly built 1,609 square foot warehouse is available for lease in a six-building, multi-tenant industrial park totaling approximately 109,661 square feet. Located in San Diego County, this single-tenant space boasts a 14-foot clear ceiling height, ideal for various industrial uses. The property offers ample parking with an approximate ratio of 2.46 spaces per 1,000 square feet. The building is equipped with sprinklers and features newly installed EV charging stations, catering to modern business needs. Its strategic location provides immediate access to major transportation arteries, including Clairemont Mesa Boulevard, Highways 52 and 163, and Interstates 805 and 15, ensuring efficient logistics and convenient commutes. The entire 1,609 square feet is currently vacant and ready for immediate occupancy. This property presents a unique opportunity for businesses seeking a modern, well-located warehouse space in a thriving San Diego County industrial park. The building's modern amenities and convenient access to major roadways make it an attractive option for a variety of industrial tenants.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1981
Total area
9,999 SF
Lot
7.05 ac (307,098 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
369-020-07-00
UPID
US09-7750026
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
-
Nexon Corporation Construction Company General Contractor
-
Brasseur Construction Inc Construction Company General Contractor
-
JR Flooring Carpet & Flooring Store Hardware & Home Improvement
-
PCR Distributing Distribution Center Logistics Company
-
Withers Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Hg Fenton Property Company · 2 yrs held
Hg Fenton Property Company
since 2024
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · 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
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±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
$145 / 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
$485,898
Tax year 2024
Assessed value
$39,550,000
Assessed 2024
Previous assessed
$39,550,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$17,550,000
Assessed improvement
$22,000,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1981
Heating
NONE
Units
1
Total area
9,999 SF
Lot
7.05 ac (307,098 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
369-020-07-00
UPID
US09-7750026
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · 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.
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Units
1
Lot
7.05 ac
Current owner
From public records · entity-resolved
Hg Fenton Property Company
Entity
Mailing address
7577 MSN VLY RD, SAN DIEGO, CA 92108-4432
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
H G Fenton Property Company
—
Deed
related
$100,000,000 · Us Bank Trust Co NA
Jun 25, 2024
—
Hg Fenton Property Company
Exchange Titleholder LLC Series Fpc
Grant Deed
—
Dec 18, 2023
$39,550,000
Exchange Titleholder LLC Series Fpc
Gateway Cabrillo INC
Grant Deed
—
Jan 2, 2020
—
Gateway Cabrillo INC
—
Deed
related
$11,200,000 · Miscellaneous Ins Co
Oct 5, 2012
—
Gateway Cabrillo INC
Gateway West Properties INC
Quit Claim Deed
—
—
—
Wanda L Phillips
—
Deed Of Trust
related
$100,500 · Homefed Bank
—
—
Gateway Cabrillo INC
—
Deed Of Trust
related
$11,200,000 · Miscellaneous Ins Co
—
—
Gateway Cabrillo INC
—
Deed Of Trust
related
$7,000,000 · Principal Life Insurance Co
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.
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