Sign Up Successful!
You now have access to more from Realmo!
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

    718 Grand Ave San Diego, CA 92109

    • Manufacturing properties
    • 2,065 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Aug 04, 2021
    $650,000
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    3.7%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-6939739
    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

    • Manufacturing properties

    Property Details for 718 Grand Ave

    Year built
    2018
    Lot size
    0.26 lot acres
    Property size
    2,065 SF
    Zone code
    COMMERCIAL
    Property type
    Manufacturing properties
    APN
    584-371-46-00
    APU
    5843714600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $665,000
      ML approach
      $690,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $830,000
      Current use
      OFFICE BUILDING
      $870,000
      Change: +5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $795,000
      Change: -4% Conversion: Easy
      WAREHOUSE, STORAGE
      $665,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -116.998
    Latitude
    32.7103
    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
    $8,615
    $382,347
    $293,913
    $676,260
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $285,000
      2.57 Acres

      5965 Santa Fe St

      MANUFACTURING (LIGHT) • 2.57 Acres
      5965 Santa Fe St, San Diego, CA 92109-1623
      View Details
    • Value Estimation
      $270,000
      0.39 Acres

      4670 Santa Fe St

      MANUFACTURING (LIGHT) • 0.39 Acres
      4670 Santa Fe St, San Diego, CA 92109-1601
      View Details
    • Value Estimation
      $935,000
      70,874 SF

      5111 Santa Fe St, Unit 41

      MANUFACTURING (LIGHT) • 70,874 SF
      5111 Santa Fe St, San Diego, CA 92109-1614
      View Details
    • Value Estimation by Request
      9,999 SF

      5959 Santa Fe St

      MANUFACTURING (LIGHT) • 9,999 SF
      5959 Santa Fe St, San Diego, CA 92109-1623
      View Details
    • Value Estimation by Request
      9,999 SF

      3030 Bunker Hl St

      MANUFACTURING (LIGHT) • 9,999 SF
      3030 Bunker Hl St, San Diego, CA 92109-5754
      View Details
    • Value Estimation
      $700,000
      5,232 SF

      4645 De Soto St

      MANUFACTURING (LIGHT) • 5,232 SF
      4645 De Soto St, San Diego, CA 92109-3816
      View Details

    Similar Nearby for Sale

    • $115,000
      720 SF

      Turn-Key Restaurant Opportunity

      Restaurant in a bustling beach community with low rent.
      4628 Mission Blvd, San Diego, CA 92109
      View Details
    • $3,900,000

      San Diego Land Opportunity

      Land available for developers or owner-users in San Diego.
      751 Turquoise St, San Diego, CA 92109
      View Details
    • $6,350,000

      Commercial Land For Sale

      Commercial land available for sale.
      1478 Hornblend St, San Diego, CA 92109
      View Details
    • $950,000

      Land for New Construction

      Land available for building in San Diego.
      821 Portsmouth Ct, San Diego, CA 92109
      View Details
    • $2,395,000

      Well-Maintained Triplex Near Beach

      Three tenant-occupied units in excellent condition, minutes from the beach.
      2028 Thomas Ave, San Diego, CA 92109
      View Details
    • $2,900,000

      Mission Beach Multifamily Investment Opportunity

      Eight-unit property near the beach with income and development potential.
      2931 Mission Blvd, San Diego, CA 92109
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,343 SF

      San Diego Flex / Industrial Space

      Flex / Industrial space available for rent in San Diego.
      3030 Bunker Hill St, San Diego, CA 92109
      View Details
    • $23 SF/Yr
      8,432 SF

      Industrial Warehouse Space Available

      8,432 SF warehouse space for lease in San Diego.
      5965 Santa Fe St, San Diego, CA 92109
      View Details
    • $1.85 SF/Yr
      30,797 SF

      Industrial Warehouse Space Available

      30797 SF warehouse space for lease in San Diego.
      5975 Santa Fe St, San Diego, CA 92109
      View Details
    • Contact for pricing
      295 SF

      Mission Blvd Executive Office Space

      San Diego Executive Suite Available Now
      4603 Mission Blvd, San Diego, CA 92109
      View Details
    • Contact for pricing

      1429 Garnet Ave pacific beach

      Retail Space - 1429 Garnet Ave pacific beach
      1429 Garnet Ave, San Diego, CA 92109
      View Details
    • Contact for pricing
      2,490 SF

      Prime Restaurant Space Available Soon

      2,490 SF end cap restaurant space in Pacific Beach.
      1640 Garnet Ave, San Diego, CA 92109
      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.
    718 Grand Ave
    San Diego, CA 92109
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.