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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6348 College Grove Way San Diego, CA 92115

    • Retail space
    • 51,826 SF
    • 3.56 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8854354
    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

    • Jamba / Juice Shop
    • 24 Hour Fitness / Indoor Swimming Pool / Personal Trainer
    • Sushiman / Sushi Restaurant / Restaurant
    • SalonCentric / Beauty Supply Store
    • Bank of America ATM / Atm

    Property Details for 6348 College Grove Way

    Year built
    1989
    Lot size
    3.56 lot acres
    Property size
    51,826 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    478-111-01-00
    APU
    4781110100

    Description

    This exceptional retail shopping center, located at 6348 College Grove Way in San Diego, CA 92115, offers a unique investment opportunity. The property boasts a total of 629,000 square feet of retail space, situated in the thriving San Diego County market. Currently, there are multiple spaces available, with a minimum divisible space of 6,056 square feet and a maximum contiguous space of 24,000 square feet. A significant 30,056 square feet of space is currently vacant, presenting a substantial opportunity for expansion or new tenancy. The property's strategic location at the intersection of College Avenue and Highway 94 ensures high visibility and accessibility, attracting a large volume of foot and vehicle traffic. This makes it an ideal location for a variety of retail businesses seeking to establish a strong presence in a densely populated area. The property is classified as a shopping center with multiple tenancies, offering flexibility for various business models. This is a rare opportunity to acquire a substantial retail space in a prime San Diego location. Serious inquiries are encouraged to explore the potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,716,000
      Market price range: $3.85M - $11.0M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $16,700,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.056
    Latitude
    32.738
    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
    $130,085
    $3,302,780
    $7,480,593
    $10,783,373
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      111,227 SF

      4328 54Th St

      Individual retail properties • 111,227 SF
      4328 54Th St, San Diego, CA 92115
      View Details
    • Value Estimation by Request
      0.12 Acres

      6230 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      6230 University Ave, San Diego, CA 92115-5706
      View Details
    • Value Estimation by Request
      0.08 Acres

      El Cajon Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      El Cajon Blvd, San Diego, CA 92115
      View Details
    • Value Estimation
      $3,815,000
      14,191 SF

      4712 El Cajon Blvd

      RETAIL STORES (PERSONAL SERVICES) • 14,191 SF
      4712 El Cajon Blvd, San Diego, CA 92115-4557
      View Details
    • Value Estimation
      $1,510,000
      6,136 SF

      6802 El Cajon Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,136 SF
      6802 El Cajon Blvd, San Diego, CA 92115-1724
      View Details
    • Value Estimation by Request
      0.04 Acres

      5140 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.04 Acres
      5140 College Ave, San Diego, CA 92115-2443
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space in San Diego

      Retail space with excellent signage in a densely populated area.
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      Retail Space on El Cajon

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      5322 El Cajon Blvd, San Diego, CA 92115
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    • Contact for pricing
      930 SF

      Retail Space Near SDSU Campus

      Retail space with high visibility near San Diego State University.
      6345-6353 El Cajon Blvd, San Diego, CA 92115
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    • $1.75 SF/Yr
      1,200 SF

      Retail Space on El Cajon

      Retail space available for lease on El Cajon Blvd.
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    • Contact for pricing
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      Prime San Diego Executive Office Space

      San Diego Office Suites - 1,552 to 15,000 SF
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      San Diego Commercial Kitchen Space

      Prime San Diego ghost kitchen, 200 sq ft, ready to lease.
      6334 El Cajon Blvd, San Diego, CA 92115
      View Details
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    San Diego, CA 92115
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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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