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    Property profile & analytics

    631 Washington St San Diego, CA 92103

    • Turn key restaurants
    • 2,848 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8495486
    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

    • Turn key restaurants

    Property Details for 631 Washington St

    Lot size
    0.17 lot acres
    Property size
    2,848 SF
    Zone code
    COMMERCIAL
    Property type
    Turn key restaurants
    APN
    444-622-01-00
    APU
    4446220100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $181,000
      Market price range: $181k - $443k

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.169
    Latitude
    32.7496
    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
    $7,783
    $375,580
    $240,125
    $615,705
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $150,000
      4,209 SF

      1270 Cleveland Ave

      RESTAURANT • 4,209 SF
      1270 Cleveland Ave, San Diego, CA 92103-3360
      View Details
    • Value Estimation
      $495,000
      3,215 SF

      1451 Washington St

      RESTAURANT • 3,215 SF
      1451 Washington St, San Diego, CA 92103-2615
      View Details
    • Value Estimation
      $260,000
      385 SF

      101 Washington St

      RESTAURANT • 385 SF
      101 Washington St, San Diego, CA 92103-2004
      View Details
    • Value Estimation
      $320,000
      4,241 SF

      441 Washington St

      RESTAURANT • 4,241 SF
      441 Washington St, San Diego, CA 92103-2111
      View Details
    • Value Estimation by Request
      806 SF

      4229 Frnt St

      RESTAURANT • 806 SF
      4229 Frnt St, San Diego, CA 92103-2017
      View Details
    • Value Estimation
      $280,000
      0.18 Acres

      334 Washington St

      RESTAURANT • 0.18 Acres
      334 Washington St, San Diego, CA 92103-1931
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,306 SF

      Turn Key Restaurant and Cafe

      Two buildings totaling 3,306 SF with drive-through potential.
      1225 University Ave, San Diego, CA 92103
      View Details
    • $1,975,000
      1,834 SF

      University Ave Retail Investment

      San Diego Retail Property - Net Lease
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    • $2,750,000
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      Hillcrest Restaurant Building

      Prime San Diego location, high occupancy.
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    • Contact for pricing
      21,785 SF

      Prime Hillcrest Retail Opportunity

      High-density residential zoning in a vibrant urban core.
      535 Robinson Ave, San Diego, CA 92103
      View Details
    • $1,189,000
      1,778 SF

      Remodeled Office and Retail Space

      Remodeled office and retail space in the heart of Hillcrest.
      825-829 Washington St, San Diego, CA 92103
      View Details
    • $1,195,000

      Remodeled Mixed-Use Property in Hillcrest

      Remodeled office and retail space in dynamic Hillcrest neighborhood.
      825 Washington St, San Diego, CA 92103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,050 SF

      Retail and Restaurant Space Available

      New mixed-use project in University Heights, anchored by CVS.
      4353 Park Blvd, San Diego, CA 92103
      View Details
    • $3 SF/Yr
      10,822 SF

      University Ave Retail Space

      San Diego Retail Opportunity: 1,868 SF Available
      1255 University Ave, San Diego, CA 92103
      View Details
    • $45 SF/Yr
      5,800 SF

      Retail Space with Modern Amenities

      Retail space featuring new finishes, fitness center, and on-site dining.
      2550 5Th Ave, San Diego, CA 92103
      View Details
    • $2,350,000
      1,800 SF

      Restaurant & Bar with Patios

      Fully built-out restaurant and bar with front and back patios.
      3685 5Th Ave, San Diego, CA 92103
      View Details
    • Contact for pricing
      4,909 SF

      Restaurant/Retail Space in Hillcrest

      4,909 SF restaurant/retail space in a high-traffic area.
      3795 6Th Ave, San Diego, CA 92103
      View Details
    • Contact for pricing
      2,790 SF

      Hillcrest Restaurant - Prime Location

      Thriving Hillcrest eatery, 2790 sq ft.
      3958 5Th Ave, San Diego, CA 92103
      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      3.3k
    • Avg Time on site
      15 min
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    631 Washington St
    San Diego, CA 92103
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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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