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

    701 5th Ave San Diego, CA 92101-6917

    • Retail space
    • 53,869 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Sep 05, 2023
    $35,000,000
    Value Estimations
    $37,880,000
    Show details
    Cap Rate Potential
    3.1%
    Retail space
    Location Intelligence
    Property ID
    US09-6642252
    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

    • Chocolate Lounge at Theatre Box / Grocery & Convenience Store / Food Market
    • Mr Tempo Gaslamp San Diego / Restaurant
    • Villa One - San Diego / Grocery & Convenience Store / Food Market
    • Villa One Tequila Gardens - San Diego / Grocery & Convenience Store / Food Market
    • Mar Chingon / Restaurant

    Property Details for 701 5th Ave

    Year built
    1997
    Lot size
    0.23 lot acres
    Property size
    53,869 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    535-093-13-00
    APU
    5350931300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $41,615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $39,907,000
      Market price range: $22.3M - $61.5M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $33,880,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $55,030,000
      Change: +62% Conversion: Moderate
      RESTAURANT
      $47,680,000
      Change: +41% Conversion: Easy
      MEDICAL BUILDING
      $31,360,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.16
    Latitude
    32.7128
    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
    $322,336
    $6,000,000
    $17,900,000
    $23,900,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      1.38 Acres

      1330 Market St

      RETAIL STORES (PERSONAL SERVICES) • 1.38 Acres
      1330 Market St, San Diego, CA 92101-7631
      View Details
    • Value Estimation by Request

      1550 Broadway

      RETAIL STORES (PERSONAL SERVICES)
      1550 Broadway, San Diego, CA 92101-5713
      View Details
    • Value Estimation
      $770,000
      1.07 Acres

      2730 Kettner Blvd, Unit 50

      RETAIL STORES (PERSONAL SERVICES) • 1.07 Acres
      2730 Kettner Blvd, San Diego, CA 92101-1222
      View Details
    • Value Estimation by Request
      0.11 Acres

      328 Grape St, Unit 44

      RETAIL STORES (PERSONAL SERVICES) • 0.11 Acres
      328 Grape St, San Diego, CA 92101-2315
      View Details
    • Value Estimation by Request

      821 Hbr Drc5a

      RETAIL STORES (PERSONAL SERVICES)
      821 Hbr Drc5a, San Diego, CA 92101-7705
      View Details
    • Value Estimation by Request

      839 Hbr Drc2

      RETAIL STORES (PERSONAL SERVICES)
      839 Hbr Drc2, San Diego, CA 92101-7739
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,400 SF

      East Village Retail Investment Opportunity

      Fully leased retail space in downtown San Diego's East Village.
      704 J St, San Diego, CA 92101
      View Details
    • Contact for pricing
      6,624 SF

      Downtown Retail Investment Opportunity

      Leased retail property in a busy downtown San Diego corridor.
      748 6Th Ave, San Diego, CA 92101
      View Details
    • Contact for pricing
      5,664 SF

      Redevelopment Zone Near Petco Park

      High-density redevelopment zone with strong visibility near Petco Park.
      1101 Market St, San Diego, CA 92101
      View Details
    • $2,950,000

      Commercial Property Near Downtown San Diego

      Income-generating commercial asset with long-term tenants and growth potential.
      2751-2771 Imperial Ave, San Diego, CA 92101
      View Details
    • Contact for pricing
      20,523 SF

      Prime Urban Retail Investment Opportunity

      Leased retail property in downtown San Diego's East Village.
      1485 E St, San Diego, CA 92101
      View Details
    • $500,000
      2,920 SF

      Turn-Key Restaurant/Bar in Little Italy

      Restaurant/bar with full liquor license in San Diego's Little Italy.
      2401 Kettner Blvd, San Diego, CA 92101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,082 SF

      Downtown San Diego Waterfront Retail

      Retail space in a high-traffic downtown San Diego waterfront location.
      780 W Harbor Dr, San Diego, CA 92101
      View Details
    • Contact for pricing
      4,842 SF

      Retail Space in Growing Area

      Retail space with high foot traffic and planned developments nearby.
      1281 9Th Ave, San Diego, CA 92101
      View Details
    • Contact for pricing
      581 SF

      Waterfront Retail & Restaurant Space

      Spectacular waterfront shopping, dining, and entertainment complex in San Diego.
      849 W Harbor Dr, San Diego, CA 92101
      View Details
    • Contact for pricing
      1,959 SF

      Retail Space in San Diego

      Retail space available for lease in San Diego, CA.
      527 10Th Ave, San Diego, CA 92101
      View Details
    • Contact for pricing
      1,178 SF

      Retail Space in San Diego

      Retail space available for lease in San Diego, CA.
      929 9Th Ave, San Diego, CA 92101
      View Details
    • Contact for pricing
      3,131 SF

      Civita Boulevard Retail Space

      Retail space available on Civita Boulevard, San Diego.
      7901 Civita Blvd, San Diego, CA 92101
      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.
    701 5th Ave
    San Diego, CA 92101-6917
    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!