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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8008 Frost St San Diego, CA 92123-4205

    • Medical offices
    • 48,739 SF
    • 2.08 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2020
    Value Estimations
    $8,855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8821426
    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 San Diego Center for Oral & Maxillofacial Surgery / Dental Clinic / Oral Surgeon
    • Advanced Dental Implant Center of San Diego / Dentist / Dental Implants Provider
    • Medical Associates Research Group / Doctor
    • Holmes Ralph MD / Plastic Surgeon
    • San Diego Hand Specialists / Orthopedic Clinic / Surgeon

    Property Details for 8008 Frost St

    Year built
    1983
    Lot size
    2.08 lot acres
    Property size
    48,739 SF
    Zone code
    COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    427-081-17-00
    APU
    4270811700

    Description

    This exceptional 6,503 square foot medical office suite is located on the third floor of a three-building Class A medical office campus in the desirable Kearny Mesa submarket of San Diego County. The suite offers a flexible layout, with options ranging from 598 to 6,503 square feet, making it ideal for a variety of medical practices. The building boasts convenient elevator access and ample parking for both staff and patients. Its prime location provides easy access to major freeways, including I-805 and SR-163, ensuring convenient commutes for patients and employees. The property benefits from on-site property management, providing efficient and responsive building maintenance. This prestigious campus is home to a diverse range of established medical tenants, including Sharp Memorial, Rady's Children's Hospital, and Mary Birch Hospital for Women, creating a strong and reputable medical environment. The 49,000 square foot building offers a total of 6,503 square feet of currently vacant space, presenting a unique opportunity for expansion or relocation within a thriving medical community. The building's Class A designation reflects its high-quality construction and modern amenities. This is a rare opportunity to secure a prominent space in a highly sought-after medical office complex.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $11,647,000
      Market price range: $2.91M - $11.6M

    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
    32.801
    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
    $188,045
    $7,505,413
    $20,371,838
    $27,877,251
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
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      View Details
    • Value Estimation
      $1,110,000
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      2710 Health Ctr Dr

      MEDICAL BUILDING • 5,280 SF
      2710 Health Ctr Dr, San Diego, CA 92123-2761
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    • Value Estimation
      $4,120,000
      11,532 SF

      5776 Ruffin Rd

      MEDICAL BUILDING • 11,532 SF
      5776 Ruffin Rd, San Diego, CA 92123-1013
      View Details
    • Value Estimation
      $16,185,000
      91,959 SF

      8010 Frost St

      MEDICAL BUILDING • 91,959 SF
      8010 Frost St, San Diego, CA 92123-2778
      View Details
    • Value Estimation
      $2,140,000
      9,999 SF

      8875 Aero Dr

      MEDICAL BUILDING • 9,999 SF
      8875 Aero Dr, San Diego, CA 92123-2251
      View Details
    • Value Estimation
      $5,115,000
      32,776 SF

      3939 Ruffin Rd

      MEDICAL BUILDING • 32,776 SF
      3939 Ruffin Rd, San Diego, CA 92123-1802
      View Details

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      View Details
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    San Diego, CA 92123-4205
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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.

    More about this property
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