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    7777 Alvarado Rd La Mesa, CA 91942
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    Property profile & analytics

    7777 Alvarado Rd, La Mesa, CA 91942

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    • Office buildings
    • 9,999 SF
    • 4.10 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    La Mesa Office Space Available For Lease
    $2 SF/Yr
    831 SF

    La Mesa Office Space Available

    831 square feet office space for rent in La Mesa.

    7777 Alvarado Rd, La Mesa, CA
    View Listing
    Property ID
    US09-6862863
    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

    • Stroberg & Associates / Accounting Firm / Tax Preparation
    • Alumbra CPA, PC / Tax Preparation
    • Teague Insurance Agency Inc. / Insurance Agency
    • X-Ray Medical Group Inc / Physician / Medical Clinic
    • Hornbrook Center For Dentistry / Dental Office

    Property Details for 7777 Alvarado Rd

    Lot size
    4.10 lot acres
    Zone code
    COMMERCIAL
    Property type
    Office buildings
    APN
    470-020-17-00
    APU
    4700201700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 2, 2021 — Allied Office Plaza Spe LLC — Deed · related $20.5M · Starwood Mortgage Capital LLC
    Jun 13, 2011 — Allied Office Plaza Spe LLC Allied Office Plaza LLC Grant Deed —

    Description

    This Class A, seven-story medical office building, located at 7777 Alvarado Road in La Mesa, California, offers a prestigious location in San Diego County. The property boasts a total of 125,000 square feet, with flexible suite sizes ranging from a minimum of 345 square feet to a maximum contiguous space of 3,062 square feet. Currently, 14,793 square feet is available for lease. Built in 1983 and renovated in 1999, the building features ample parking with a ratio of 4.00 spaces per 1,000 square feet. Convenient amenities include elevators. The property sits on a 4.1-acre lot and is zoned C. This multi-tenant building is ideal for medical practices seeking a prominent location in a thriving community. The building's prime location and modern amenities make it an exceptional opportunity for businesses seeking high-quality office space in East County. The property's size and layout offer significant flexibility for various medical practices and healthcare-related businesses. With its convenient access and ample parking, this building provides a comfortable and efficient work environment. Inquire today to learn more about leasing opportunities within this sought-after medical office building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,115,000
      6.5%
      $3,795,000
      7%
      $3,525,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,588,000
      Market price range: $1.25M - $3.59M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,605,000
      Current use
      RETAIL STORES
      $4,165,000
      Change: +16% Conversion: Moderate
      MEDICAL BUILDING
      $4,115,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,815,000
      Change: +6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    San Diego
    State
    California
    Longitude
    -117.032
    Latitude
    32.7718
    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
    $221,305
    $4,201,438
    $13,473,968
    $17,675,406
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,430,000
      0.13 Acres

      El Cajon Blvd

      OFFICE BUILDING (MULTI-STORY)
      El Cajon Blvd, La Mesa, CA 91942
      View Details
    • Value Estimation by Request
      0.10 Acres

      El Cajon Blvd

      OFFICE BUILDING (MULTI-STORY)
      El Cajon Blvd, La Mesa, CA 91942
      View Details
    • Value Estimation
      $3,420,000
      0.15 Acres

      7840 El Cajon Blvd

      OFFICE BUILDING (MULTI-STORY)
      7840 El Cajon Blvd, La Mesa, CA 91942-0600
      View Details
    • Value Estimation by Request
      0.36 Acres

      8809 La Mesa Blvd

      OFFICE BUILDING (MULTI-STORY)
      8809 La Mesa Blvd, La Mesa, CA 91942-5406
      View Details
    • Value Estimation
      $3,490,000
      0.18 Acres

      7840 El Cajon Blvd

      OFFICE BUILDING (MULTI-STORY)
      7840 El Cajon Blvd, La Mesa, CA 91942-0600
      View Details
    • Value Estimation by Request
      0.11 Acres

      University Ave

      RADIO OR TV STATION
      University Ave, La Mesa, CA 91942
      View Details

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      10,000 SF

      Freeway-Visible Medical Building For Sale

      Two-story, 10,000 SF medical building with freeway visibility.
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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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      Prime Retail Opportunity on Jackson

      High-visibility retail property with potential for owner-user or business transfer.
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    Similar Nearby for Lease

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      La Mesa Office/Retail Building

      Office/retail building available for sale in La Mesa, CA.
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      Office Space for Lease

      Office space available for lease in La Mesa, California.
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      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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      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
      3,343 SF

      Medical Suite for Lease

      Medical suite available for lease in La Mesa, California.
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      View Details
    • $650 /Mo

      Private Office in Historic Building

      Sublease private office with parking, utilities, and Wi-Fi.
      8200 Allison Ave, La Mesa, CA 91942
      View Details
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    La Mesa, CA 91942
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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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