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Property profile & analytics
FOR LEASE
Office buildings
7777 Fay Ave La Jolla, CA 92037
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-7299568
For Lease
$13,770,000
7777 Fay Ave, La Jolla, CA 92037
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1983
Total area
66,366 SF
Lot
0.48 ac (20,721 SF)
Zoning code
COMMERCIAL
APN
350-322-19-00
UPID
US09-7299568
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Charles Schwab Financial Advisor
-
Criminal Attorney/Lawyer La Jolla Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.28M
Blend (final)
Blend
$13.77M
Owner & transaction history
La Jolla Fay LLC · 9 yrs held
La Jolla Fay LLC
since 2016
7 recorded transactions
Zoning & alternative use
COMMERCIAL · La Jolla, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs La Jolla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Jolla submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.77M
Range $12.39M – $15.15M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$207 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$344,721
Tax year 2024
Assessed value
$27,880,267
Assessed 2024
Previous assessed
$27,880,267
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$8,363,043
Assessed improvement
$19,517,224
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
1983
Heating
NONE
Units
1
Total area
66,366 SF
Lot
0.48 ac (20,721 SF)
Zoning code
COMMERCIAL
APN
350-322-19-00
UPID
US09-7299568
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · La Jolla, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · La Jolla, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Units
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
La Jolla Fay LLC
Entity
Mailing address
7777 FAY AVE STE #300, LA JOLLA, CA 92037-4336
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2016
$24,503,500
La Jolla Fay LLC
Jn & Daniel LLC
Grant Deed
$14,700,000 · Private Individual
Apr 14, 2006
$9,947,000
J N & Daniel LLC
Marie Prescott Properties
Grant Deed
—
Jun 15, 2004
—
Marie Prescott Properties LLC
Ag La Jolla Galeria LLC
Grant Deed
$14,850,000 · Bear Stearns Commercial Mtg
Oct 23, 2002
—
Ag La Jolla Galleria LLC
Nomo La Jolla Galleria LP
Grant Deed
related
—
Jun 4, 1998
$9,000,000
Nomo L Galleria
M&s California Fund LP
Grant Deed
—
May 30, 1997
—
M LP
Silverado & Fay Partners
Grant Deed
related
$5,000,000 · Principal Commercial Advisors
—
—
Ag La Jolla Galleria LLC
—
Deed Of Trust
related
$9,000,000 · Fremont Investment & Loan
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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