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    Property profile & analytics

    8575 Miramar Pl San Diego, CA 92121

    • Auto shops
    • 4,350 SF
    • 0.78 lot acres
    For Sale
    View listing
    $4,300,000
    Last Sale
    Jul 12, 2022
    $1,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8230271
    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

    • Auto World Unlimited / Auto Repair Shop
    • Galaxy Auto Body / Auto Repair Shop
    • Miramar Golden Key Autobody / Auto Repair Shop

    Property Details for 8575 Miramar Pl

    Year built
    1984
    Lot size
    0.78 lot acres
    Property size
    4,350 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Auto shops
    APN
    343-300-15-00
    APU
    3433001500

    Description

    This exceptional San Diego industrial property, located at 8575 Miramar Place, 92121, offers 9,000 square feet of versatile space ideal for distribution, manufacturing, or warehousing. Built in 1980, this single-story building sits on a 0.78-acre lot and features three loading docks with three dock-high doors (8'W x 12'H), providing efficient access for goods movement. The 18-foot ceiling height maximizes storage and operational flexibility. The property boasts a parking ratio of 0.8 spaces per 1,000 square feet and includes a pre-installed paint booth. Constructed of metal, this well-maintained building is zoned IL-2-1. The asking price is $4,300,000, translating to $477.78 per square foot. The land price per square foot is $126.56. The Assessor's Parcel Number (APN) is 343-300-15-00. This multi-tenant property presents a compelling investment opportunity in a prime San Diego location. The property's size, features, and location make it an attractive option for a variety of industrial uses. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,090,000
      ML approach
      $1,145,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,675,000
      Current use
      WAREHOUSE, STORAGE
      $1,790,000
      Change: +7% Conversion: Easy
      RETAIL STORES
      $1,625,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.181
    Latitude
    32.8824
    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
    $17,506
    $1,093,645
    $328,093
    $1,421,738
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
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      27,268 SF

      5725 Eastgate Dr

      AUTO REPAIR, GARAGE • 27,268 SF
      5725 Eastgate Dr, San Diego, CA 92121-2803
      View Details
    • Value Estimation
      $1,170,000
      12,400 SF

      Miracrest Pl

      AUTO REPAIR, GARAGE • 12,400 SF
      Miracrest Pl, San Diego, CA 92121
      View Details
    • Value Estimation
      $680,000
      10,064 SF

      8360 Miramar Pl

      AUTO REPAIR, GARAGE • 10,064 SF
      8360 Miramar Pl, San Diego, CA 92121-2575
      View Details
    • Value Estimation by Request
      1.81 Acres

      5820 Autoport Mall, Unit 40

      AUTO REPAIR, GARAGE • 1.81 Acres
      5820 Autoport Mall, San Diego, CA 92121-2514
      View Details
    • Value Estimation
      $835,000
      10,306 SF

      6255 Marindustry Dr

      AUTO REPAIR, GARAGE • 10,306 SF
      6255 Marindustry Dr, San Diego, CA 92121-2537
      View Details
    • Value Estimation
      $770,000
      16,376 SF

      5750 Autoport Mall

      AUTO REPAIR, GARAGE • 16,376 SF
      5750 Autoport Mall, San Diego, CA 92121
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Prime San Diego location, 2 spaces available
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      Retail Space Available For Lease

      Retail property available for lease in San Diego, CA.
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      Miramar Road Mixed-Use Center

      Mixed-use center with high street exposure on Miramar Road.
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      Miramar Road Office Space for Lease

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    8575 Miramar Pl
    San Diego, CA 92121
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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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