Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    7665 Formula Pl San Diego, CA 92121-3429
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7665 Formula Pl San Diego, CA 92121-3429

    View on Map
    • Manufacturing properties
    • 10,773 SF
    • 0.69 lot acres
    Off-Market
    Property ID
    US09-8844204
    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
    $1,320,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Clint Precision Manufacturing / Industrial Manufacturer
    • Tandem Polymers Inc / Factory / Production Facility

    Property Details for 7665 Formula Pl

    Year built
    1980
    Lot size
    0.69 lot acres
    Property size
    10,773 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    343-210-07-00
    APU
    3432100700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.157
    Latitude
    32.8876
    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
    $14,504
    $461,083
    $716,225
    $1,177,308
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.99 Acres

      9045 Carroll Way

      MANUFACTURING (LIGHT) • 5.99 Acres
      9045 Carroll Way, San Diego, CA 92121-2405
      View Details
    • Value Estimation by Request
      5.18 Acres

      3115 Merryfield Row

      MANUFACTURING (LIGHT) • 5.18 Acres
      3115 Merryfield Row, San Diego, CA 92121-1173
      View Details
    • Value Estimation by Request
      1.84 Acres

      11526 Sorrento Vly Rd

      MANUFACTURING (LIGHT) • 1.84 Acres
      11526 Sorrento Vly Rd, San Diego, CA 92121-1346
      View Details
    • Value Estimation by Request
      1.68 Acres

      10905 Rd To The Cure

      MANUFACTURING (LIGHT) • 1.68 Acres
      10905 Rd To The Cure, San Diego, CA 92121-1139
      View Details
    • Value Estimation
      $7,165,000
      61,926 SF

      6469 Flanders Dr

      MANUFACTURING (LIGHT) • 61,926 SF
      6469 Flanders Dr, San Diego, CA 92121-4104
      View Details
    • Value Estimation
      $5,905,000
      60,662 SF

      4939 Directors Pl

      MANUFACTURING (LIGHT) • 60,662 SF
      4939 Directors Pl, San Diego, CA 92121-3829
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      92,262 SF

      Industrial Manufacturing Building in San Diego

      92,262 SF industrial manufacturing building on 4.25 AC.
      7545 Carroll Rd, San Diego, CA 92121
      View Details
    • $1,900,000
      4,939 SF

      San Diego Flex/Industrial End-Cap

      4,939 SF flex/industrial space suitable for multiple occupants.
      8606 Commerce Ave, San Diego, CA 92121
      View Details
    • $1,924,625
      4,325 SF

      Industrial Space For Sale

      4,325 SqFt industrial space available.
      6339 Nancy Ridge Dr, San Diego, CA 92121
      View Details
    • Contact for pricing
      22,750 SF

      Industrial Space with Fenced Yard

      22,750 SF industrial space with rare fenced yard.
      7081 Consolidated Way, San Diego, CA 92121
      View Details
    • $2,990,000

      High-Finish Industrial Opportunity

      7,200 SF industrial property for sale in San Diego.
      8390 Juniper Creek Ln, San Diego, CA 92121
      View Details
    • Contact for pricing
      6,000 SF

      Industrial Flex Building with Yard

      6,000 SF industrial/flex building with secure yard and parking.
      10739 Roselle St, San Diego, CA 92121
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Industrial/Manufacturing Building For Rent

      53,395 SF industrial/manufacturing building available for lease.
      8985 Crestmar Pt, San Diego, CA 92121
      View Details
    • $24 SF/Yr
      13,000 SF

      Sorrento Valley Flex Space Available

      ±13,000 SF Flex Building, Divisible
      3323 Carmel Mountain Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      8,633 SF

      Furnished Lab and Office Space

      9,391 SF furnished lab and office space available for rent.
      11425 Sorrento Valley Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      2,278 SF

      San Diego Warehouse Space Available

      2,278 SF warehouse space available for lease now.
      6197-6199 Cornerstone Ct, San Diego, CA 92121
      View Details
    • Contact for pricing
      4,486 SF

      San Diego Flex/Industrial Space

      Flex/Industrial space available for lease in San Diego, CA.
      7408 Trade St, San Diego, CA 92121
      View Details
    • Contact for pricing
      11,617 SF

      San Diego Warehouse Space Available

      11,617 SF warehouse space for lease in San Diego.
      9586 Distribution Ave, San Diego, CA 92121
      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.
    7665 Formula Pl
    San Diego, CA 92121-3429
    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!