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    7373 University Ave La Mesa, CA 91941
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    Property profile & analytics

    7373 University Ave, La Mesa, CA 91941

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    • Medical Office Space
    • 35,990 SF
    • 1.29 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    La Mesa Office Space Available For Lease
    $2 SF/Yr
    2,058 SF

    La Mesa Office Space Available

    Office space for rent in La Mesa, California.

    7373 University Ave, La Mesa, CA
    View Listing
    Property ID
    US09-9179235
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nomads Transport Inc / Trucking Company
    • Rosemary Shannon - State Farm Insurance Agent / Insurance Agency
    • San Diego Bankruptcy Attorneys / Law Firm / Financial Advisor
    • Lopez & Wilmert, LLP / Law Firm
    • Vidaloop / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 7373 University Ave

    Year built
    1972
    Lot size
    1.29 lot acres
    Zone code
    RESTRICTED COMMERCIAL
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    475-050-21-00
    APU
    4750502100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 23, 1997 $810,000 National Enterprises INC Wells Fargo Bank Grant Deed —
    May 28, 1996 $878,850 Wells Fargo Bank University & Lowell Partners Trustees Deed · related —
    — — 7373 University LP — Deed Of Trust · related $1.9M · Ing Life Ins & Annunity Co
    — — 7373 University LP — Deed Of Trust · related —
    — — 7373 University LP — Deed Of Trust · related $1.7M · Gmac Commercial Mortgage Corp

    Description

    This exceptional executive office suite, located at 7373 University Avenue in La Mesa, California, offers 2,058 square feet of immediately available space within a larger 3,798 square foot building. The property is ideally suited for a variety of professional businesses seeking a prestigious address in San Diego County. The suite boasts a convenient multiple tenancy setup, providing flexibility and potential for collaboration. Parking is readily available with covered on-site parking and ample street parking options, ensuring convenient access for clients and employees. The building is equipped with elevators for easy access to all floors. The property's location in La Mesa, zip code 91942, provides excellent access to major transportation routes and local amenities. This is a fantastic opportunity to secure a well-appointed office space in a thriving San Diego County community. The property is classified as an Executive Office and Professional Office space. The total building size is 3,798 square feet, with 2,058 square feet currently vacant and ready for immediate occupancy. This presents a unique chance to establish a strong presence in a desirable location. Inquire today to learn more about this exceptional leasing opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,795,000
      Market price range: $5.80M - $20.1M

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

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    San Diego
    State
    California
    Longitude
    -117.039
    Latitude
    32.7563
    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
    $17,527
    $479,019
    $840,614
    $1,319,633
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,260,000
      25,916 SF

      8530 La Mesa Blvd

      MEDICAL BUILDING
      8530 La Mesa Blvd, La Mesa, CA 91942-0966
      View Details
    • Value Estimation
      $24,175,000
      92,988 SF

      8881 Fletcher Pkwy

      MEDICAL BUILDING
      8881 Fletcher Pkwy, La Mesa, CA 91942-3134
      View Details
    • Value Estimation
      $545,000
      1,944 SF

      8126 Ctr St

      MEDICAL BUILDING
      8126 Ctr St, La Mesa, CA 91942-2914
      View Details
    • Value Estimation
      $1,565,000
      4,298 SF

      8600 La Mesa Blvd

      MEDICAL BUILDING
      8600 La Mesa Blvd, La Mesa, CA 91942-9572
      View Details
    • Value Estimation
      $1,725,000
      7,213 SF

      5308 Lk Murray Blvd

      MEDICAL BUILDING
      5308 Lk Murray Blvd, La Mesa, CA 91942-1334
      View Details
    • Value Estimation
      $6,230,000
      26,240 SF

      7339 El Cajon Blvd

      MEDICAL BUILDING
      7339 El Cajon Blvd, La Mesa, CA 91942-7435
      View Details

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      10,000 SF

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      La Mesa Village Twin-Home

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      22,500 SF

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      16,814 SF

      La Mesa Church on 3.49 Acres

      16,814 SF church on 3.49 acres in La Mesa.
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      1,500 SF

      R3 Zoned Multifamily Property

      Multifamily property with development potential near SDSU and Grossmont College.
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    Similar Nearby for Lease

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      La Mesa Retail/Medical Space

      Retail or medical space featuring treatment rooms and reception area.
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      View Details
    • Contact for pricing
      880 SF

      Boutique Medical Office Space

      Medical office space with pristine finishes and high-end aesthetics.
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      View Details
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      3,343 SF

      Medical Suite for Lease

      Medical suite available for lease in La Mesa, California.
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      1,693 SF

      La Mesa Office Space Available

      Office space for rent near Sharp Grossmont Hospital.
      5565 Grossmont Center Dr, La Mesa, CA 91942
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in La Mesa, California.
      5360 Jackson Dr, La Mesa, CA 91942
      View Details
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    La Mesa, CA 91941
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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.

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