Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5670 Oberlin Dr San Diego, CA 92121

    • Manufacturing properties
    • 18,236 SF
    • 1.93 lot acres
    For Lease
    View listing
    Last Sale
    Apr 12, 2023
    $11,250,000
    Value Estimations
    $11,365,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6992245
    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

    • EXP / Electrical Engineer / Engineer

    Property Details for 5670 Oberlin Dr

    Year built
    1983
    Lot size
    1.93 lot acres
    Property size
    18,236 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    341-322-35-00
    APU
    3413223500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,110,000
      ML approach
      $9,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,945,000
      Market price range: $4.42M - $13.9M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $7,775,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $18,630,000
      Change: +140% Conversion: Difficult
      RESTAURANT
      $16,140,000
      Change: +108% Conversion: Difficult
      OFFICE BUILDING
      $11,530,000
      Change: +48% Conversion: Difficult
      MEDICAL BUILDING
      $10,615,000
      Change: +37% Conversion: Difficult
      WAREHOUSE, STORAGE
      $7,515,000
      Change: -3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $7,025,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.196
    Latitude
    32.8925
    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
    $141,169
    $8,670,000
    $2,805,000
    $11,475,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.26 Acres

      6160 Marindustry Dr

      MANUFACTURING (LIGHT) • 2.26 Acres
      6160 Marindustry Dr, San Diego, CA 92121-2570
      View Details
    • Value Estimation by Request
      3.63 Acres

      10555 Science Ctr Dr

      MANUFACTURING (LIGHT) • 3.63 Acres
      10555 Science Ctr Dr, San Diego, CA 92121-1100
      View Details
    • Value Estimation by Request
      3.63 Acres

      4760 Eastgate Mall

      MANUFACTURING (LIGHT) • 3.63 Acres
      4760 Eastgate Mall, San Diego, CA 92121-1970
      View Details
    • Value Estimation
      $3,150,000
      27,831 SF

      10520 Wateridge Cir

      MANUFACTURING (LIGHT) • 27,831 SF
      10520 Wateridge Cir, San Diego, CA 92121-5782
      View Details
    • Value Estimation
      $1,170,000
      9,999 SF

      10578 Science Ctr Dr

      MANUFACTURING (LIGHT) • 9,999 SF
      10578 Science Ctr Dr, San Diego, CA 92121-1143
      View Details
    • Value Estimation
      $4,185,000
      41,325 SF

      4025 Sorrento Vly Blvd, Unit 45

      MANUFACTURING (LIGHT) • 41,325 SF
      4025 Sorrento Vly Blvd, San Diego, CA 92121-1404
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      92,262 SF

      Industrial Manufacturing Building in San Diego

      92,262 SF industrial manufacturing building on 4.25 AC.
      7545 Carroll Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      8,448 SF

      San Diego Industrial Property

      Industrial property with 8,448 square feet of space.
      7120 Carroll Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      6,000 SF

      San Diego Flex Space Investment Opportunity

      6,000 SF Flex Building, San Diego
      10739 Roselle St, San Diego, CA 92121
      View Details
    • $2,100,000
      4,260 SF

      San Diego Flex Space Opportunity

      Flex space available in San Diego's life science research hub.
      9155 Brown Deer Rd, San Diego, CA 92121
      View Details
    • $12,300,000
      29,491 SF

      San Diego Flex/Industrial Building

      Flex/Industrial building in San Diego, suitable for owner/user or investment.
      6989 Corte Santa Fe, San Diego, CA 92121
      View Details
    • $1,900,000
      4,939 SF

      San Diego Flex/Industrial End-Cap

      4,939 SF flex/industrial space suitable for multiple occupants.
      8606 Commerce Ave, San Diego, CA 92121
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      6,263 SF

      San Diego Flex Space For Lease

      Versatile San Diego Office/Industrial Space
      9865 Mesa Rim Rd, San Diego, CA 92121
      View Details
    • $29 SF/Yr
      4,325 SF

      Nancy Ridge Drive Warehouse Space

      Prime San Diego County flex space available.
      6339 Nancy Ridge Dr, San Diego, CA 92121
      View Details
    • Contact for pricing
      19,618 SF

      Sorrento Mesa Executive Office Space

      19,618 SF Flex Space Available
      9560 Waples St, San Diego, CA 92121
      View Details
    • Contact for pricing
      172,743 SF

      Camino Santa Fe Business Park

      Prime San Diego Office/Warehouse Space
      8320-8445 Camino Santa Fe, San Diego, CA 92121
      View Details
    • $1.75 SF/Yr
      9,375 SF

      Metroplex Business Center: Warehouse Space

      San Diego Warehouse: 4,674 - 9,375 SF Available
      8909 Kenamar Dr, San Diego, CA 92121
      View Details
    • $30 SF/Yr
      76,228 SF

      San Diego Warehouse Space For Lease

      Modern warehouse, ample parking, San Diego location.
      5754 Pacific Center Blvd, San Diego, CA 92121
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5670 Oberlin Dr
    San Diego, CA 92121
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.