Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8454 Commerce Ave San Diego, CA 92121-2609
    Back to Search
    Property profile & analytics

    8454 Commerce Ave, San Diego, CA 92121-2609

    View on Map
    • Industrial properties
    • 5,429 SF
    • 0.13 lot acres
    Off-Market
    Property ID
    US09-8933475
    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
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Multi-Comm Inc. / Telecommunications Service / General Contractor
    • M C Communications / Corporate Office
    • Miramar Kitchen & Bath Remodelers / Construction Company / General Contractor

    Property Details for 8454 Commerce Ave

    Year built
    1979
    Lot size
    0.13 lot acres
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Industrial properties
    APN
    343-170-27-00
    APU
    3431702700

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 22, 2002 $610,000 Commerce Holdings LLC Gompper,michael Grant Deed · related $305k · Wells Fargo Bank
    Dec 27, 1999 $385,000 Michael Gompper Mcillraith Trust Grant Deed —
    Aug 11, 1993 $295,000 Mc Ilraith,trust David Engel Trus Grant Deed $117k · Peninsula Bank San Diego
    — — Commerce Holdings LLC — Deed Of Trust · related $458k · Ironstone Bank
    — — Commerce Holding LLC — Deed Of Trust · related $252k · Cdc Small Business Finance Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,070,000
      6.5%
      $990,000
      7%
      $915,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.169
    Latitude
    32.8793
    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
    $11,421
    $325,864
    $600,198
    $926,062
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,045,000
      16,322 SF

      6625 Top Gun St

      CONDOMINIUMS (INDUSTRIAL)
      6625 Top Gun St, San Diego, CA 92121-4148
      View Details
    • Value Estimation
      $760,000
      4,621 SF

      7418 Trade St

      CONDOMINIUMS (INDUSTRIAL)
      7418 Trade St, San Diego, CA 92121-2410
      View Details
    • Value Estimation by Request
      973 SF

      10054 Mesa Rdg Ct Ste, Unit 100

      CONDOMINIUMS (INDUSTRIAL)
      10054 Mesa Rdg Ct Ste, San Diego, CA 92121-2946
      View Details
    • Value Estimation by Request
      902 SF

      10054 Mesa Rdg Ct Ste, Unit 114

      CONDOMINIUMS (INDUSTRIAL)
      10054 Mesa Rdg Ct Ste, San Diego, CA 92121-2946
      View Details
    • Value Estimation by Request
      1,081 SF

      10054 Mesa Rdg Ct Ste, Unit 124

      CONDOMINIUMS (INDUSTRIAL)
      10054 Mesa Rdg Ct Ste, San Diego, CA 92121-2946
      View Details
    • Value Estimation by Request
      1,123 SF

      10064 Mesa Rdg Ct Ste, Unit 216

      CONDOMINIUMS (INDUSTRIAL)
      10064 Mesa Rdg Ct Ste, San Diego, CA 92121-2948
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,325 SF

      Industrial Space For Sale

      4,325 SqFt industrial space available.
      6339 Nancy Ridge Dr, San Diego, CA 92121
      View Details
    • Contact for pricing
      8,448 SF

      San Diego Industrial Property

      Industrial property with 8,448 square feet of space.
      7120 Carroll Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      4,939 SF

      San Diego Flex/Industrial End-Cap

      4,939 SF flex/industrial space suitable for multiple occupants.
      8606 Commerce Ave, San Diego, CA 92121
      View Details
    • Contact for pricing
      92,262 SF

      Industrial Manufacturing Building in San Diego

      92,262 SF industrial manufacturing building on 4.25 AC.
      7545 Carroll Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      29,491 SF

      San Diego Flex/Industrial Building

      Flex/Industrial building in San Diego, suitable for owner/user or investment.
      6989 Corte Santa Fe, San Diego, CA 92121
      View Details
    • Contact for pricing
      4,260 SF

      San Diego Flex Space Opportunity

      Flex space available in San Diego's life science research hub.
      9155 Brown Deer Rd, San Diego, CA 92121
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sorrento Valley Commercial Space Available

      Commercial spaces for lease in Sorrento Valley, San Diego.
      11839-11855 Sorrento Valley Rd, San Diego, CA 92121
      View Details
    • Contact for pricing

      Miramar Industrial Building For Rent

      Industrial building offering approximately 4,781 square feet in Miramar.
      7570 Trade St, San Diego, CA 92121
      View Details
    • Contact for pricing

      Industrial Space in Miramar

      Centrally located industrial space in San Diego's Miramar submarket.
      7424 Trade St, San Diego, CA 92121
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      33,715 SqFt industrial space available for single tenant.
      7740 Kenamar Ct, San Diego, CA 92121
      View Details
    • Contact for pricing

      San Diego Office/R&D/Biotech Facility

      Multi-tenant office and lab spaces in Sorrento Mesa.
      6046 Cornerstone Ct W, San Diego, CA 92121
      View Details
    • $24 SF/Yr
      13,000 SF

      Sorrento Valley Creative Office Space

      13,000 SF Office/Industrial Building
      3323 Carmel Mountain Rd, San Diego, CA 92121
      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      3.4k
    • Avg Time on site
      19 min
    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.
    8454 Commerce Ave
    San Diego, CA 92121-2609
    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

    Thank You for Inquiry
    8454 Commerce Ave, San Diego, CA, 92121
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!