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

    7243 Engineer Rd San Diego, CA 92111

    • Warehouses
    • 9,999 SF
    • 7.11 lot acres
    For Lease
    View listing
    $1.95 SF/Yr
    Value Estimations
    $1,535,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7355397
    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

    • First Saturday Swing / Jazz Club / Live Music Venue
    • SD Westie / Dance School
    • SuperCare Health / Home Health Care Service / Medical Equipment Supplier
    • Infinity Dance Sport Center / Dance School / School
    • The Best Wedding Dance is now The First Dance Place / Dance School

    Property Details for 7243 Engineer Rd

    Year built
    1979
    Lot size
    7.11 lot acres
    Property size
    9,999 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Warehouses
    APN
    356-380-16-00
    APU
    3563801600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,385,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,006,000
      Market price range: $317k - $1.01M

    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
    32.8263
    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
    $121,033
    $4,397,527
    $5,441,212
    $9,838,739
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,575,000
      9,999 SF

      8262 Clairemont Mesa Blvd, Unit 80

      WAREHOUSE, STORAGE • 9,999 SF
      8262 Clairemont Mesa Blvd, San Diego, CA 92111-1702
      View Details
    • Value Estimation
      $1,675,000
      10,396 SF

      7635 Ronson Rd, Unit 39

      WAREHOUSE, STORAGE • 10,396 SF
      7635 Ronson Rd, San Diego, CA 92111-1511
      View Details
    • Value Estimation
      $3,920,000
      33,992 SF

      7777 Ostrow St, Unit 7813

      WAREHOUSE, STORAGE • 33,992 SF
      7777 Ostrow St, San Diego, CA 92111-3601
      View Details
    • Value Estimation
      $565,000
      1,824 SF

      8045 Raytheon Rd

      WAREHOUSE, STORAGE • 1,824 SF
      8045 Raytheon Rd, San Diego, CA 92111-1644
      View Details
    • Value Estimation by Request
      9,000 SF

      8037 Vickers St

      Distribution properties • 9,000 SF
      8037 Vickers St, San Diego, CA 92111
      View Details
    • Value Estimation
      $1,265,000
      7,328 SF

      8315 Buckhorn St

      WAREHOUSE, STORAGE • 7,328 SF
      8315 Buckhorn St, San Diego, CA 92111-2403
      View Details

    Similar Nearby for Sale

    • $5,490,000
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      Commercial property available for sale in San Diego, California.
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      Move-In Ready Condo with Backyard

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      San Diego Commercial Property Available

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      Restaurant Opportunity in Convoy Plaza

      Restaurant in popular Convoy plaza, suitable for sushi, pho.
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    Similar Nearby for Lease

    • $24 SF/Yr
      214,380 SF

      Cabrillo Commerce Center: Flex Space Available

      San Diego Flex/Warehouse Space for Lease
      5555-5595 Magnatron Blvd-5600-5644 Kearny Mesa Rd, San Diego, CA 92111
      View Details
    • $2 SF/Yr
      2,754 SF

      Kearny Mesa Warehouse Space Available

      Warehouse space featuring an open reception area and private office.
      5555 Kearny Mesa Rd, San Diego, CA 92111
      View Details
    • Contact for pricing
      98,421 SF

      San Diego Multi-Use Space Available

      Prime San Diego location, flexible suites.
      8148 Vickers St, San Diego, CA 92111
      View Details
    • $1.65 SF/Yr
      1,968 SF

      San Diego Flex Space Available

      Flex space with office and warehouse components for lease.
      8125-8135 Ronson Rd, San Diego, CA 92111
      View Details
    • $2 SF/Yr
      3,122 SF

      San Diego Warehouse Space Available

      3,122 square foot warehouse space for lease in San Diego.
      5038 Ruffner St, San Diego, CA 92111
      View Details
    • $1.85 SF/Yr
      20,000 SF

      Industrial Warehouse Space Available

      20,000 SF industrial warehouse space for lease.
      7240-7258 Clairemont Mesa Blvd, San Diego, CA 92111
      View Details
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    7243 Engineer Rd
    San Diego, CA 92111
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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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