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

    6908 Miramar Rd San Diego, CA 92121-2607

    • Turn key restaurants
    • 5,981 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    $220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7074497
    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

    • Denny's / Diner / American Restaurant
    • The Burger Den / Delivery Restaurant
    • The Meltdown / Restaurant

    Property Details for 6908 Miramar Rd

    Year built
    1981
    Lot size
    0.75 lot acres
    Property size
    5,981 SF
    Zone code
    COMMERCIAL
    Property type
    Turn key restaurants
    APN
    343-050-75-00
    APU
    3430507500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $220,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.167
    Latitude
    32.8787
    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
    $33,315
    $1,477,708
    $1,231,423
    $2,709,131
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $260,000
      541.69 Acres

      Mcas Miramar

      RESTAURANT • 541.69 Acres
      Mcas Miramar, San Diego, CA 92121
      View Details
    • Value Estimation
      $250,000
      5,314 SF

      9440 Scranton Rd

      RESTAURANT • 5,314 SF
      9440 Scranton Rd, San Diego, CA 92121-1754
      View Details
    • Value Estimation
      $230,000
      2,892 SF

      9370 Scranton Rd

      RESTAURANT • 2,892 SF
      9370 Scranton Rd, San Diego, CA 92121-1752
      View Details
    • Value Estimation
      $190,000
      541.69 Acres

      8675 Miramar Pl

      RESTAURANT • 541.69 Acres
      8675 Miramar Pl, San Diego, CA 92121
      View Details
    • Value Estimation
      $2,265,000
      2,824 SF

      6926 Miramar Rd

      RESTAURANT • 2,824 SF
      6926 Miramar Rd, San Diego, CA 92121-2607
      View Details
    • Value Estimation
      $3,970,000
      1,397 SF

      6912 Miramar Rd

      RESTAURANT • 1,397 SF
      6912 Miramar Rd, San Diego, CA 92121-2607
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,372 SF

      Turnkey Restaurant on Miramar Road

      Second-generation restaurant for sale on busy Miramar Road.
      7160 Miramar Rd, San Diego, CA 92121
      View Details
    • $4,300,000
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      San Diego Warehouse For Sale

      9,000 SF warehouse/industrial property in San Diego, California.
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      Free Standing Miramar Warehouse Building

      Industrial/warehouse building in Miramar area, suitable for owner/user.
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      8,448 SF

      San Diego Industrial Property

      Industrial property with 8,448 square feet of space.
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      34.15 Acres

      Sorrento Valley Development Land

      34 Acres, Mixed-Use Potential in San Diego
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      San Diego Flex Space Investment Opportunity

      6,000 SF Flex Building, San Diego
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    Similar Nearby for Lease

    • Contact for pricing
      1,948 SF

      Turnkey Restaurant on Miramar Road

      Second generation restaurant asset sale with existing infrastructure.
      7140 Miramar Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space in Pacific Heights

      Retail space for lease near corporate campuses in San Diego.
      10066 Pacific Heights Blvd, San Diego, CA 92121
      View Details
    • Contact for pricing
      4,540 SF

      Plaza Sorrento Retail Spaces

      San Diego County retail spaces available.
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      View Details
    • $27 SF/Yr
      39,438 SF

      Sorrento Valley Retail Center

      Prime San Diego Retail Space Available
      11839-11855 Sorrento Valley Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      5,556 SF

      High Image Office Space Available

      Office space with amenities, ocean views, and convenient location.
      10190 Telesis Ct, San Diego, CA 92121
      View Details
    • Contact for pricing
      1,045 SF

      Retail Space on Mira Mesa

      Retail space available for lease in San Diego, CA.
      6715 Mira Mesa Blvd, San Diego, CA 92121
      View Details

    Property Visit Statistics

    • Visits by month
      16.3k
    • Visitors by month
      10.8k
    • Avg Time on site
      16 min
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    San Diego, CA 92121-2607
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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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