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

    8045 Jenner St La Jolla, CA 92037-4141

    • Hotels
    • 4,814 SF
    • 0.07 lot acres
    OFF-MARKET
    Last Sale
    Aug 18, 2020
    $1,988,000
    Value Estimations
    $2,550,000
    Show details
    Cap Rate Potential
    3.2%
    Hotels
    Location Intelligence
    Property ID
    US09-8677374
    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

    • Isalis / Gift Shop / Boutique
    • Party City / Costume Store / Party Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 8045 Jenner St

    Year built
    2007
    Lot size
    0.07 lot acres
    Property size
    4,814 SF
    Zone code
    COMMERCIAL
    Property type
    Hotels
    Property subtype
    Motels
    APN
    350-022-01-00
    APU
    3500220100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,500,000
      ML approach
      $2,450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,705,000
      Market price range: $1.77M - $4.25M
      AI Estimate
      $1,769,000
      Market price range: $302k - $3.03M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,560,000
      Current use
      RETAIL STORES
      $2,955,000
      Change: +15% Conversion: Difficult
      MEDICAL BUILDING
      $2,285,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    La Jolla
    County
    San Diego
    State
    California
    Longitude
    -117.276
    Latitude
    32.8473
    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
    $31,651
    $1,057,676
    $1,489,662
    $2,547,338
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $675,000
      0.07 Acres

      1132 Prospect St

      HOTEL/MOTEL • 0.07 Acres
      1132 Prospect St, La Jolla, CA 92037-4533
      View Details
    • Value Estimation
      $930,000
      6,532 SF

      555 Coast S Blvd

      HOTEL/MOTEL • 6,532 SF
      555 Coast S Blvd, La Jolla, CA 92037-4641
      View Details
    • Value Estimation by Request
      9,369 SF

      1110 Prospect St

      HOTEL/MOTEL • 9,369 SF
      1110 Prospect St, La Jolla, CA 92037-4533
      View Details
    • Value Estimation
      $1,255,000
      9,999 SF

      4240 La Jolla Vlg Dr

      HOTEL/MOTEL • 9,999 SF
      4240 La Jolla Vlg Dr, La Jolla, CA 92037-1407
      View Details
    • Value Estimation
      $1,120,000
      13,381 SF

      5417 La Jolla Blvd

      HOTEL/MOTEL • 13,381 SF
      5417 La Jolla Blvd, La Jolla, CA 92037-7649
      View Details
    • Value Estimation
      $890,000
      0.10 Acres

      1132 Prospect St

      HOTEL/MOTEL • 0.10 Acres
      1132 Prospect St, La Jolla, CA 92037-4533
      View Details

    Similar Nearby for Sale

    • $3,295,000

      San Diego Investment Opportunity

      San Diego property available for sale.
      2134 Paseo Dorado, La Jolla, CA 92037
      View Details
    • $5,750,000

      La Jolla Multifamily Investment Opportunity

      Value-add multifamily property in prime La Jolla Village location.
      7447 Herschel Ave, La Jolla, CA 92037
      View Details
    • $9,995,000
      3,944 SF

      La Jolla Income Property

      Trophy asset in prime La Jolla location with ocean views.
      1303 Cave St, La Jolla, CA 92037
      View Details
    • $2,950,000

      La Jolla Commercial Land Opportunity

      Prime La Jolla location, large lot, income potential.
      7542 Herschel Ave, San Diego, CA 92037
      View Details
    • $1,599,000
      0.08 Acres

      La Jolla Mixed-Use Development Opportunity

      Prime La Jolla location for live/work redevelopment.
      7733 Girard Ave, La Jolla, CA 92037
      View Details
    • $3,599,999
      Pending

      La Jolla Ocean View Land

      Premier La Jolla lot with unobstructed ocean views and development potential.
      7530 Hillside Dr, La Jolla, CA 92037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      62,407 SF

      La Jolla Medical Office Suites

      Prime San Diego medical office space available.
      8950 Villa Ln Jolla Dr, San Diego, CA 92037
      View Details
    • $22 SF/Yr
      15,870 SF

      La Jolla Office Space: 888 Prospect St

      Prime La Jolla Office Suites, Coworking Available
      888 Prospect St, San Diego, CA 92037
      View Details
    • Contact for pricing
      56,422 SF

      Regents Court Medical Office Suites

      La Jolla Medical Office Space Available
      4130 La Jolla Village Dr, San Diego, CA 92037
      View Details
    • Contact for pricing
      8,466 SF

      Executive Suites, La Jolla, CA

      Prime La Jolla Office Space Available
      800 Silverado St, San Diego, CA 92037
      View Details
    • Contact for pricing
      19,702 SF

      Prime San Diego Retail Space

      La Jolla Plaza: Retail space for lease
      3221 Holiday Ct, San Diego, CA 92037
      View Details
    • $27 SF/Yr
      5,665 SF

      La Jolla Office Suites for Lease

      Prime La Jolla location, multiple suites available.
      1025 Prospect St, San Diego, CA 92037
      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.
    8045 Jenner St
    La Jolla, CA 92037-4141
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.