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    5634 Lake Murray Blvd La Mesa, CA 91942

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    5634 Lake Murray Blvd La Mesa, CA 91942

    View on Map
    • Community centers
    • 19,006 SF
    • 5.17 lot acres
    For Lease
    $3,090,000
    View Listing →
    Retail Space in La Mesa For Lease
    $3,090,000
    1,200 SF

    Retail Space in La Mesa

    Retail space available for lease in La Mesa, CA.

    5634 Lake Murray Blvd, La Mesa, CA
    View Listing
    Property ID
    US10-0037362
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • beautyMe: Threading and lashes / Hair Salon
    • BeautyMe Studio / Hair Salon

    Property Details for 5634 Lake Murray Blvd

    Year built
    1975
    Lot size
    5.17 lot acres
    Property size
    19,006 SF
    Zone code
    COMMERCIAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    464-110-41-00
    APU
    4641104100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    San Diego
    State
    California
    Longitude
    -117.032
    Latitude
    32.782
    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
    $74,343
    $2,988,757
    $2,436,989
    $5,425,746
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,670,000
      9,999 SF

      8011 University Ave

      MINI-MALL • 9,999 SF
      8011 University Ave, La Mesa, CA 91942-5520
      View Details
    • Value Estimation
      $1,540,000
      9,208 SF

      5640 Baltimore Dr, Unit 50

      MINI-MALL • 9,208 SF
      5640 Baltimore Dr, La Mesa, CA 91942-1618
      View Details
    • Value Estimation
      $16,065,000
      65,996 SF

      7900 El Cajon Blvd, Unit 26

      MINI-MALL • 65,996 SF
      7900 El Cajon Blvd, La Mesa, CA 91942-0607
      View Details
    • Value Estimation by Request
      0.77 Acres

      7960 El Cajon Blvd

      MINI-MALL • 0.77 Acres
      7960 El Cajon Blvd, La Mesa, CA 91942-0605
      View Details
    • Value Estimation
      $19,660,000
      86,368 SF

      7928 El Cajon Blvd

      MINI-MALL • 86,368 SF
      7928 El Cajon Blvd, La Mesa, CA 91942
      View Details
    • Value Estimation
      $1,715,000
      10,400 SF

      5620 Lk Murray Blvd, Unit 28

      MINI-MALL • 10,400 SF
      5620 Lk Murray Blvd, La Mesa, CA 91942-1981
      View Details

    Similar Nearby for Sale

    • $6,500,000

      Prime Retail Opportunity on Jackson

      High-visibility retail property with potential for owner-user or business transfer.
      5270 Jackson Dr, La Mesa, CA 91942
      View Details
    • Contact for pricing
      2,813 SF

      Chevron and Soapy Joe's

      NNN Ground Lease Chevron and Soapy Joe’s Car Wash.
      5322 Jackson Dr, La Mesa, CA 91942
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    • $6,500,000

      5270 Jackson Dr, La Mesa, CA 91942

      Storefront properties
      5270 Jackson Dr, La Mesa, CA 91942
      View Details
    • Contact for pricing
      18,048 SF

      Mixed-Use Property in La Mesa

      Fully leased mixed-use property with cash flow and redevelopment potential.
      8870-78 La Mesa Blvd, La Mesa, CA 91942
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,552 SF

      Retail Space in La Mesa

      Retail space centrally located in the heart of La Mesa.
      8030-8076 La Mesa Blvd, La Mesa, CA 91942
      View Details
    • Contact for pricing
      55,000 SF

      La Mesa Super Regional Center

      925,000 SF shopping center in La Mesa, California.
      5500 Grossmont Center Dr, La Mesa, CA 91942
      View Details
    • Contact for pricing
      19,262 SF

      La Mesa Retail Space Available

      Retail space with high visibility and immediate highway access.
      7900-7938 El Cajon Blvd, La Mesa, CA 91942
      View Details
    • Contact for pricing
      2,880 SF

      Retail Space Near Grossmont Center

      Retail space available near regional mall and major freeways.
      8800-8810 Grossmont Blvd, La Mesa, CA 91942
      View Details
    • Contact for pricing
      1,500 SF

      La Mesa Retail/Office Space

      Retail or office space featuring an open floor plan.
      5276-5282 Baltimore Dr, La Mesa, CA 91942
      View Details
    • Contact for pricing
      1,400 SF

      La Mesa Retail Space Available

      Retail space available for lease in La Mesa, CA.
      5630-5650 Lake Murray Blvd, La Mesa, CA 91942
      View Details

    Property Visit Statistics

    • Visits by month
      7.9k
    • Visitors by month
      5.9k
    • Avg Time on site
      10 min
    View Listing
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    La Mesa, CA 91942
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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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