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

    838 Nordahl Rd San Marcos, CA 92069-3595

    • Office Properties & Spaces
    • 20,046 SF
    • 5.06 lot acres
    OFF-MARKET
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3735768
    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

    • Cabrillo Dental / Dental Clinic / Cosmetic Dentist
    • SmileBuilders Children's Dentistry & Orthodontics / Pediatric Dentist / Dentist
    • North County Dental Surgery Center / Pediatric Dentist / Dental Clinic
    • Dr. Pirouz Salehi / Dentist
    • Raul E. Escalante DDS,MS / Dentist

    Property Details for 838 Nordahl Rd

    Year built
    2009
    Lot size
    5.06 lot acres
    Property size
    20,046 SF
    Zone code
    COMMERCIAL
    Property type
    Office Properties & Spaces
    APN
    228-120-41-02
    APU
    2281204102

    Description

    This exceptional Class A medical office building, Nordahl Medical Centre, presents a unique opportunity. Located at the desirable border of San Marcos and Escondido in San Diego County, this three-story building offers sophisticated finishes and enduring materials, creating a welcoming atmosphere. Currently, a 1,944 square foot space (Space B) is available for immediate lease within a fully occupied building. This turnkey suite boasts seven fully built-out treatment rooms/private offices, a convenient ADA restroom, a spacious waiting room/reception area, a utility room, and ample storage. The corner unit location provides abundant natural light thanks to its expansive window line. The building itself totals 5,164 square feet and features a desirable 5.00 parking spaces per 1,000 square feet ratio. This is an ideal location for medical professionals seeking a prestigious, move-in ready space in a synergistic environment with other medical tenants. The building's multiple tenancy structure ensures a thriving and collaborative atmosphere. Don't miss this chance to secure a prime location in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $680,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    San Diego
    State
    California
    Longitude
    -117.118
    Latitude
    33.1353
    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
    2015
    $48,143
    $1,460,000
    $2,030,000
    $3,490,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      45,327 SF

      570 Rancheros Dr

      Office space • 45,327 SF
      570 Rancheros Dr, San Marcos, CA 92069
      View Details
    • Value Estimation
      $1,575,000
      7,236 SF

      San Marcos, CA 92069

      CONDOMINIUM OFFICES • 7,236 SF
      San Marcos, CA 92069
      View Details
    • Value Estimation
      $145,000
      554 SF

      330 Rancheros Dr Ste, Unit 222

      CONDOMINIUM OFFICES • 554 SF
      330 Rancheros Dr Ste, San Marcos, CA 92069-2940
      View Details
    • Value Estimation
      $180,000
      692 SF

      330 Rancheros Dr Ste, Unit 228

      CONDOMINIUM OFFICES • 692 SF
      330 Rancheros Dr Ste, San Marcos, CA 92069-2940
      View Details
    • Value Estimation
      $295,000
      1,092 SF

      340 Rancheros Dr Ste, Unit 292

      CONDOMINIUM OFFICES • 1,092 SF
      340 Rancheros Dr Ste, San Marcos, CA 92069-2981
      View Details
    • Value Estimation
      $740,000
      2,100 SF

      838 Nordahl Rd Ste, Unit 240

      CONDOMINIUM OFFICES • 2,100 SF
      838 Nordahl Rd Ste, San Marcos, CA 92069-3595
      View Details

    Similar Nearby for Sale

    • $17,250,000
      95,551 SF

      Class A Office Building For Sale

      100% leased Class A office building in San Marcos, CA.
      300 Rancheros Dr, San Marcos, CA 92069
      View Details
    • $320,000
      18.60 Acres

      San Marcos Agricultural Land

      18.6-acre agricultural land, ideal for conservation.
      0 Borden Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      44,052 SF

      Industrial Warehouse with Freeway Access

      Industrial warehouse in San Marcos with convenient freeway access.
      1152 Armorlite Dr, San Marcos, CA 92069
      View Details
    • $2,995,000

      San Marcos NNN Property

      NNN property available in San Marcos, California.
      3232 N Twin Oaks Valley Rd, San Marcos, CA 92069
      View Details
    • $2,475,000
      7,500 SF

      San Marcos Warehouse For Sale

      7,500 SF warehouse on 0.57 acres in San Marcos.
      850 Armorlite Dr, San Marcos, CA 92069
      View Details
    • $2,590,000
      7,683 SF

      San Marcos Industrial Property Available

      Industrial property in San Marcos, part of the Innovate78 Corridor.
      870 Rancheros Dr, San Marcos, CA 92069
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      24,880 SF

      Prime San Marcos Executive Office Space

      Class A Office Suites, San Marcos, CA. Multiple sizes available.
      0 Twin Oaks Vly Rd & Hwy 78, San Marcos, CA 92069
      View Details
    • $1.20 SF/Yr
      151,434 SF

      Los Vallecitos Business Center Suites

      San Marcos, CA: Flexible Office & Warehouse Space
      800 Vallecitos De Oro, San Marcos, CA 92069
      View Details
    • $27 SF/Yr
      90,000 SF

      Prestigious San Marcos Office Space

      Executive Suites, San Marcos, CA
      1 Civic Center Dr, San Marcos, CA 92069
      View Details
    • Contact for pricing
      3,440 SF

      Renovated Flex Space Available

      Mix of office, showroom, and industrial spaces for lease.
      960 Rancheros Dr, San Marcos, CA 92069
      View Details
    • $0.80 SF/Yr
      1,421 SF

      San Marcos Office Space Available

      Office suites available in San Marcos, ranging from 807-2,372 SF.
      574-578 E Mission Rd, San Marcos, CA 92069
      View Details
    • $20 SF/Yr
      780 SF

      San Marcos Office Space Available

      Office space available for lease in San Marcos, California.
      2930 Norman Strasse Rd, San Marcos, CA 92069
      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.
    838 Nordahl Rd
    San Marcos, CA 92069-3595
    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.