8505 Navajo Rd, San Diego, CA 92119-2001
- Medical Office Space
- 3,698 SF
- 0.37 lot acres
Current Use by Public Records
- DBD PUBLISHING / Publishing House / Printing Service
- Dentistry By Design / Dental Office
- Dental Expressions / Dental Office
- Dental Expressions, Richard T Masek, DDS, Inc / Dental Office
Property Details for 8505 Navajo Rd
- Year built
- 1995
- Lot size
- 0.37 lot acres
- Zone code
- COMMERCIAL
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 457-320-08-00
- APU
- 4573200800
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 18, 2024 | $1,545,000 | A1 Dental Management Corp | Carolyn Masek Iglesias | Grant Deed | — |
| Dec 16, 2024 | — | Tpa Vii LLC | Richard T Masek And Sharon K Masek | Deed | — |
| Jun 10, 2019 | — | Richard T Masek | — | Deed · related | $829k · Jpmorgan Chase Bank NA |
| Oct 11, 2013 | — | Masek,richard T & Sharon R Trust | Masek,richard T & Sharon R | Quit Claim Deed · related | — |
| Sep 8, 2000 | — | Richard T Masek | — | Grant Deed · related | $340k · Valley Independent Bank |
| Dec 21, 1998 | $219,000 | Richard T Masek | Wells Fargo Bank | Grant Deed | $166k · Valley Independent Bank |
| Nov 30, 1990 | $488,000 | Wells Fargo Bank | Great American | Grant Deed · related | — |
| — | — | Richard T Masek | — | Deed Of Trust · related | $351k · Cdc Small Business Finance Co |
| — | — | Richard T Masek | — | Deed Of Trust · related | $1M · Bank Of America |
| — | — | Richard T Masek | — | Deed Of Trust · related | $992k · Seacoast Commerce Bank |
Description
This exceptional Class A medical office building, located at 8505 Navajo Road in San Diego, California (zip code 92119), presents a compelling owner-user investment opportunity. The single-story, 3,698 square foot building sits on a large 16,000 square foot corner lot and boasts 18 parking spaces, with ample street parking also available. Built in 1998, the property features a 100% occupancy rate with a current Net Operating Income (NOI) of $192,000, yielding an 8.37% cap rate. A pro-forma NOI of $180,000 and a pro-forma cap rate of 7.84% are also available. The building is currently utilized as a dental practice, but its versatile design, including a large 675 square foot seminar room, makes it suitable for various medical uses, such as an oral surgery center. The property includes medical gas infrastructure. A significant advantage is the substantial solar array, providing free electricity and substantial tax savings through depreciation. The solar array, valued at $500,000, allows for approximately $100,000 in annual depreciation deductions. Note that the AT&T cellular lease does not convey with the sale. The asking price is $2,295,000, translating to a price per square foot of $620.61. The property is zoned for Commercial, Medical, and Retail uses.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,545,000
- ML approach
- $1,545,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,085,000
- 6.5%
- $1,000,000
- 7%
- $930,000
-
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,155,000 Current use
- RETAIL STORES
- $1,780,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.013
- Latitude
- 32.8028
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
