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    831 8th St, Unit 35 National City, CA 91950-2442

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    831 8th St, Unit 35 National City, CA 91950-2442

    View on Map
    • Retail space
    • 4,200 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Aug 7, 2020
    Property ID
    US09-6561842
    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
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mr. Pulpo Sea Food / Restaurant

    Property Details for 831 8th St

    Year built
    1961
    Lot size
    0.17 lot acres
    Property size
    4,200 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    556-414-09-00
    APU
    5564140900

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,100,000
      6.5%
      $1,015,000
      7%
      $940,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $632,000
      Market price range: $211k - $717k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,040,000
      Current use
      AUTO REPAIR, GARAGE
      $845,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    National City
    County
    San Diego
    State
    California
    Longitude
    -117.098
    Latitude
    32.6786
    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
    $15,115
    $530,223
    $648,051
    $1,178,274
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.19 Acres

      2721 Burden Way, Unit 23

      RETAIL STORES (PERSONAL SERVICES) • 0.19 Acres
      2721 Burden Way, National City, CA 91950-3100
      View Details
    • Value Estimation
      $2,525,000
      9,999 SF

      3007 Highland Ave Ste, Unit 101

      RETAIL STORES (PERSONAL SERVICES) • 9,999 SF
      3007 Highland Ave Ste, National City, CA 91950-7451
      View Details
    • Value Estimation
      $3,255,000
      28,722 SF

      3400 8th St

      RETAIL STORES (PERSONAL SERVICES) • 28,722 SF
      3400 8th St, National City, CA 91950-3167
      View Details
    • Value Estimation
      $1,385,000
      10,078 SF

      2424 A Ave, Unit 26

      RETAIL STORES (PERSONAL SERVICES) • 10,078 SF
      2424 A Ave, National City, CA 91950-6819
      View Details
    • Value Estimation
      $2,905,000
      16,000 SF

      700 Bay Marina Dr

      RETAIL STORES (PERSONAL SERVICES) • 16,000 SF
      700 Bay Marina Dr, National City, CA 91950-6404
      View Details
    • Value Estimation
      $1,955,000
      16,053 SF

      2240 Plz Blvd

      RETAIL STORES (PERSONAL SERVICES) • 16,053 SF
      2240 Plz Blvd, National City, CA 91950-5164
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,538 SF

      National City Mixed-Use Building

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      National City Retail/Office Space

      Retail and office space with dedicated parking in National City.
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      3,600 SF

      710 E 8th st, national city

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      710 8Th St, National City, CA 91950
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      9,818 SF

      Mixed-Use Retail/Multifamily Investment Opportunity

      Mixed-use property with retail and multifamily units, high cap rate.
      710-730 E 8Th St, National City, CA 91950
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      Retail Space For Rent

      In-line retail space available for rent.
      1536-1730 Sweetwater Rd, National City, CA 91950
      View Details
    • Contact for pricing
      2,988 SF

      Retail Space Available

      End cap retail space available for rent.
      1145 Highland Ave, National City, CA 91950
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in National City, CA.
      925 East Plaza Blvd, National City, CA 91950
      View Details
    • Contact for pricing
      2,880 SF

      Retail Space in National City

      Retail space available for lease in National City, CA.
      3410 Highland Ave, National City, CA 91950
      View Details
    • Contact for pricing
      4,700 SF

      Retail Space Available For Rent

      In-line retail space available for rent.
      1838 Sweetwater Rd, National City, CA 91950
      View Details
    • Contact for pricing
      1,224 SF

      Former Restaurant Space Available

      Restaurant space with excellent visibility in a densely populated area.
      1231-1243 Highland Ave, National City, CA 91950
      View Details
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    831 8th St, Unit 35
    National City, CA 91950-2442
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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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