Add Listing
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

    6997 Friars Rd San Diego, CA 92108-1100

    • Super regional malls
    • 9,999 SF
    • 5.46 lot acres
    OFF-MARKET
    Value Estimations
    $1,870,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8346077
    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

    • Marketplace Cafe / Restaurant
    • Prada San Diego Nordstrom Bags & Acc. / Clothing & Fashion Store
    • Nordstrom / Cosmetic Store
    • Nordstrom San Diego / Production Facility
    • Alterations at Nordstrom / (Bike/Boat/Book/etc) Store

    Property Details for 6997 Friars Rd

    Lot size
    5.46 lot acres
    Property size
    9,999 SF
    Zone code
    COMMERCIAL
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    437-291-27-00
    APU
    4372912700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.168
    Latitude
    32.769
    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
    $443,060
    $14,165,426
    $21,892,028
    $36,057,454
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $575,000
      2.27 Acres

      1288 Camino Del Rio N

      REGIONAL SHOPPING CENTER, MALL • 2.27 Acres
      1288 Camino Del Rio N, San Diego, CA 92108-1511
      View Details
    • Value Estimation
      $1,835,000
      9,999 SF

      7027 Friars Rd

      REGIONAL SHOPPING CENTER, MALL • 9,999 SF
      7027 Friars Rd, San Diego, CA 92108-1129
      View Details
    • Value Estimation
      $18,000,000
      9,999 SF

      1555 Camino De La Reina

      REGIONAL SHOPPING CENTER, MALL • 9,999 SF
      1555 Camino De La Reina, San Diego, CA 92108-1501
      View Details
    • Value Estimation
      $565,000
      2.11 Acres

      7017 Fashion Vly Rd

      REGIONAL SHOPPING CENTER, MALL • 2.11 Acres
      7017 Fashion Vly Rd, San Diego, CA 92108
      View Details
    • Value Estimation
      $720,000
      19.82 Acres

      826 Camino Del Rio N

      REGIONAL SHOPPING CENTER, MALL • 19.82 Acres
      826 Camino Del Rio N, San Diego, CA 92108-3208
      View Details
    • Value Estimation by Request

      Friars Rd

      REGIONAL SHOPPING CENTER, MALL
      Friars Rd, San Diego, CA 92108
      View Details

    Similar Nearby for Sale

    • $1,175,000
      25,000 SF

      Prime San Diego Executive Office

      2,040 SF Office Condo, $1.175M
      2333 Camino Del Rio, San Diego, CA 92108
      View Details
    • $11,850,000
      33,862 SF

      Corporate HQ & Warehouse Space

      Corporate headquarters and warehouse space available for sale or lease.
      7520 Mission Valley Rd, San Diego, CA 92108
      View Details
    • $825,000
      1,500 SF

      Mission Valley Office Condo For Sale

      1,500 SF office condo available in Mission Valley.
      2333 Camino Del Rio S, San Diego, CA 92108
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,861 SF

      Retail Space Near Valley Mall

      Retail space available in San Diego's desired retail submarket.
      1176-1400 Camino De La Reina, San Diego, CA 92108
      View Details
    • Contact for pricing
      9,728 SF

      Mission Valley Retail Space Available

      Retail space for lease in a desirable San Diego location.
      824-1072 Camino Del Rio N, San Diego, CA 92108
      View Details
    • Contact for pricing
      10,500 SF

      Mission Valley Retail Space Available

      Retail space in regional shopping destination, Mission Valley, San Diego.
      1530 Mission Center Rd, San Diego, CA 92108
      View Details
    • Contact for pricing

      Mission Valley Reimagined Lifestyle Center

      Lifestyle center in Mission Valley featuring retail, dining, and entertainment.
      7510-7610 Hazard Center Dr, San Diego, CA 92108
      View Details
    • Contact for pricing
      2,984 SF

      Retail Space in Mission Valley

      Retail space available in a desirable San Diego location.
      925 Camino De La Reina, San Diego, CA 92108
      View Details
    • Contact for pricing
      8,032 SF

      Mission Valley Retail Space Available

      Retail space in a popular San Diego shopping destination.
      1770 Camino De La Reina, San Diego, CA 92108
      View Details

    Property Visit Statistics

    • Visits by month
      166.2k
    • Visitors by month
      135.0k
    • Avg Time on site
      39 min
    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.
    6997 Friars Rd
    San Diego, CA 92108-1100
    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.
    Sign Up Successful!
    You now have access to more from Realmo!