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    5592 Clairemont Mesa Blvd San Diego, CA 92117-2347
    Property profile & analytics

    5592 Clairemont Mesa Blvd, San Diego, CA 92117-2347

    View on Map
    • Hotels
    • 15,852 SF
    • 1.13 lot acres
    Off-Market
    Last Sale Oct 17, 2023
    $9,600,000
    Property ID
    US09-8507693
    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.
    Value Estimations
    $9,645,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motel 6 San Diego, CA - North / Hotel & Motel
    • Moto6 / Hotel & Motel

    Property Details for 5592 Clairemont Mesa Blvd

    Year built
    1982
    Lot size
    1.13 lot acres
    Zone code
    SPECIAL AND/OR MISC
    Property type
    Hotels
    Property subtype
    Motels
    APN
    362-011-08-00
    APU
    3620110800

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 17, 2023 $9,600,000 Kedar Hospitality LLC Hig San Diego Investments LLC Grant Deed $7.8M · Commercial Bank Of Ca
    Oct 16, 2023 — Kedar Hospitality LLC Desert Real Estate Investments LLC Lease —
    Jun 16, 2022 $9,200,000 Hig San Diego Investments LLC Hospitality Property LLC Grant Deed $13M · State Bank Of Texas
    Sep 9, 2021 — G6 Hospitality Property LLC — Deed · related $685M · Goldman Sachs Bank USA
    Oct 24, 2017 — G6 Hospitality Property LLC — Loan Modification · related $2,075M · Jp Morgan Chase Bk
    Aug 16, 2017 — G6 Hospitality Property LLC — Grant Deed · related $2,010M · Deutsche Bk Ag/ny Branch
    Oct 31, 2012 — G6 Hospitality Property LLC Motel 6 Operating LP Grant Deed —
    Dec 24, 2008 $9,500 Motel 6 Operating Am Six II Remainder Busn Grant Deed —
    Dec 24, 2008 $3,255,500 Motel 6 Operating Am Six II Business Trust Grant Deed —
    Jan 15, 1998 $2,906,157 Six Operating L P Lf A M Motel — Grant Deed · related —
    Feb 9, 1989 $1,717,000 Motel 6 Operatin Pan Am Inv INC Trustees Deed $155M · Bankers Trust Co
    Feb 9, 1989 $924,000 Motel 6 Operatin Sixpence Inn Cla Trustees Deed —
    Feb 9, 1989 — Pan Am Inv INC Knudson Forrest Trustees Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $9,640,000
      ML approach
      $9,340,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,048,000
      Market price range: $7.99M - $17.9M
      AI Estimate
      $6,925,000
      Market price range: $1.32M - $10.5M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $9,590,000
      Current use
      RESTAURANT
      $14,030,000
      Change: +46% Conversion: Difficult
      MEDICAL BUILDING
      $9,230,000
      Change: -4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.172
    Latitude
    32.8348
    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
    $117,951
    $6,900,000
    $2,700,000
    $9,600,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $15,500,000
      1.38 Acres

      2575 Clairemont Dr

      HOTEL/MOTEL
      2575 Clairemont Dr, San Diego, CA 92117-6602
      View Details
    • Value Estimation
      $4,930,000
      63,423 SF

      5415 Clairemont Mesa Blvd

      HOTEL/MOTEL
      5415 Clairemont Mesa Blvd, San Diego, CA 92117-2308
      View Details
    • Value Estimation
      $2,600,000
      28,033 SF

      5550 Clairemont Mesa Blvd

      HOTEL/MOTEL
      5550 Clairemont Mesa Blvd, San Diego, CA 92117-2309
      View Details
    • Value Estimation by Request
      1.28 Acres

      4330 Morena Blvd, Unit 90

      MANUFACTURING (LIGHT)
      4330 Morena Blvd, San Diego, CA 92117-4351
      View Details
    • Value Estimation by Request
      0.97 Acres

      5255 Mt Etna Dr

      VACANT COMMERCIAL LAND
      5255 Mt Etna Dr, San Diego, CA 92117-1071
      View Details
    • Value Estimation by Request
      2.53 Acres

      5544 Balboa Arms Dr, Unit C9

      APARTMENT HOUSE (5+ UNITS)
      5544 Balboa Arms Dr, San Diego, CA 92117-5038
      View Details

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      San Diego Duplex Investment Opportunity

      Duplex in central San Diego near Clairemont Square.
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    • $700,000
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      Bay Park Development Opportunity

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    Similar Nearby for Lease

    • $2 SF/Yr
      31,825 SF

      Prime Morena Blvd Executive Office

      San Diego Executive Suite - Lease/Sale
      4455 Morena Blvd, San Diego, CA 92117
      View Details
    • Contact for pricing
      3,060 SF

      Retail Property 100% Leased

      Retail property currently 100% leased with no availability.
      4829 Clairemont Dr, San Diego, CA 92117
      View Details
    • Contact for pricing
      1,005 SF

      Retail Space in Established Market

      Retail space for rent in a high-density area.
      4267 Balboa Ave, San Diego, CA 92117
      View Details
    • Contact for pricing

      Retail Property 100% Leased

      Retail property, currently 100% leased, no availability.
      4809 Clairemont Dr, San Diego, CA 92117
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent at 4375 Jutland Drive.
      4375 Jutland Dr, San Diego, CA 92117
      View Details
    • $2.00 SF/Yr

      Remodeled Office Space in San Diego

      Recently remodeled office space with modern updates and exceptional convenience.
      4010 Morena Blvd, San Diego, CA 92117
      View Details

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      1.0k
    • Avg Time on site
      191 min
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    San Diego, CA 92117-2347
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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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