Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7901 Harmarsh St, Unit 21 San Diego, CA 92123-1909

    • Apartment buildings
    • 10,068 SF
    • 0.34 lot acres
    OFF-MARKET
    Last Sale
    Oct 09, 2020
    $1,070,000
    Value Estimations
    $1,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8552092
    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

    • The Modern Apartments / Apartment Complex

    Property Details for 7901 Harmarsh St

    Year built
    1959
    Lot size
    0.34 lot acres
    Property size
    10,068 SF
    Zone code
    R-4:MULTIPLE RESIDENTIAL
    Property type
    Apartment buildings
    APN
    427-071-04-00
    APU
    4270710400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,215,000
      ML approach
      $1,125,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,465,000
      Market price range: $1.47M - $5.24M

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.153
    Latitude
    32.8022
    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
    $33,727
    $1,432,630
    $1,291,844
    $2,724,474
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4.09 Acres

      2370 Cardinal Dr, Unit 2440

      APARTMENT HOUSE (5+ UNITS) • 4.09 Acres
      2370 Cardinal Dr, San Diego, CA 92123-4141
      View Details
    • Value Estimation by Request
      0.69 Acres

      3477 Ruffin Rd

      APARTMENT HOUSE (5+ UNITS) • 0.69 Acres
      3477 Ruffin Rd, San Diego, CA 92123-2535
      View Details
    • Value Estimation
      $2,105,000
      9,999 SF

      4855 Ariva Way

      APARTMENT HOUSE (5+ UNITS) • 9,999 SF
      4855 Ariva Way, San Diego, CA 92123-2164
      View Details
    • Value Estimation
      $5,920,000
      55,060 SF

      7910 Nightingale Way

      APARTMENT HOUSE (5+ UNITS) • 55,060 SF
      7910 Nightingale Way, San Diego, CA 92123-2729
      View Details
    • Value Estimation
      $2,125,000
      9,999 SF

      8725 Ariva Ct

      APARTMENT HOUSE (5+ UNITS) • 9,999 SF
      8725 Ariva Ct, San Diego, CA 92123-2237
      View Details
    • Value Estimation
      $1,215,000
      9,999 SF

      9054 Gramercy Dr, Unit 96

      APARTMENT HOUSE (5+ UNITS) • 9,999 SF
      9054 Gramercy Dr, San Diego, CA 92123-2398
      View Details

    Similar Nearby for Sale

    • $549,000

      Serra Mesa Four-Bedroom Home

      Spacious, updated home in Allure community with resort-style amenities.
      3454 Castle Glen Dr, San Diego, CA 92123
      View Details
    • $1,350,000
      1,675 SF

      Multifamily Property in Prime Location

      Multifamily property with ADU units in a prime location.
      2679-83 Tern Dr, San Diego, CA 92123
      View Details
    • $725,000
      1,440 SF

      Tri-Level Townhome in Quiet Neighborhood

      Tri-level townhome with remodeled kitchen, bathrooms, and private outdoor space.
      5806 Mission Center Rd, San Diego, CA 92123
      View Details
    • Contact for pricing
      368 SF

      Kearny Villa Rd Office Suites

      San Diego medical & office space for sale.
      4540 Kearny Villa Rd, San Diego, CA 92123
      View Details
    • $550,000

      Second-Floor Office Condominium Available

      Second-floor office condominium with good natural light and central location.
      8947 Complex Dr, San Diego, CA 92123
      View Details
    • $2,900,000
      4,775 SF

      San Diego Office Building For Sale

      4,775 SF office building on a 0.94-acre lot.
      3704 Ruffin Rd, San Diego, CA 92123
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr
      25,500 SF

      Office Space Available For Lease

      Office space available for lease, totaling 25,500 square feet.
      8775 Aero Dr, San Diego, CA 92123
      View Details
    • $2 SF/Yr
      1,000 SF

      Centrally Located San Diego Office

      Office space with easy highway access and corporate identity.
      5473 Kearny Villa Rd, San Diego, CA 92123
      View Details
    • $25 SF/Yr
      8,443 SF

      Industrial Warehouse Space Available

      High image business park with dock and grade level loading.
      9550 Chesapeake Dr, San Diego, CA 92123
      View Details
    • Contact for pricing
      7,200 SF

      Retail Space Available For Rent

      7,200 SF retail space available for lease.
      3425 Murphy Canyon Rd, San Diego, CA 92123
      View Details
    • Contact for pricing
      3,203 SF

      Granite Ridge Office Space Available

      Office space featuring reception, private offices, and open work areas.
      9665 Granite Ridge Dr, San Diego, CA 92123
      View Details
    • $2 SF/Yr
      1,474 SF

      San Diego Office Space Available

      Office space available for lease in San Diego, CA.
      9245 Sky Park Ct, San Diego, CA 92123
      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.
    7901 Harmarsh St, Unit 21
    San Diego, CA 92123-1909
    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.