Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8583 Aero Dr San Diego, CA 92123-1709
    Back to Search
    Property profile & analytics

    8583 Aero Dr San Diego, CA 92123-1709

    View on Map
    • Apartment buildings
    • 7.48 lot acres
    Off-Market
    Property ID
    US09-9610700
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Olympus Corsair / Apartment Complex / Apartment Building
    • Soup Du Jour / Restaurant
    • GeorG Corporation / Real Estate Agency
    • Kuya's Turo Auto Rental Service / Car Rental Facility
    • Clear Notes Mobile Notary / Law Firm

    Property Details for 8583 Aero Dr

    Lot size
    7.48 lot acres
    Zone code
    R-4:MULTIPLE RESIDENTIAL
    Property type
    Apartment buildings
    APN
    421-050-15-00
    APU
    4210501500

    Description

    This exceptional San Diego County commercial property, located at 8583 Aero Drive, 92123, offers a unique blend of retail and creative office space. The 720,000 square foot building, constructed in 2015, boasts four stories and features a variety of desirable amenities. Currently, there is 2,706 square feet of vacant space available for lease within this multi-tenant building. The property sits on a generous 7.52-acre lot and includes 10 total parking spaces. The building's impressive features include 20-foot ceilings, providing ample space and natural light. On-site amenities are extensive and cater to a variety of needs, including a spa, grill, elevators, lounge, Wi-Fi, putting greens, pet play area, fitness center, courtyard, controlled access, clubhouse, laundry facilities, business center, on-site maintenance, sun deck, and a zen garden. The building also features central air conditioning and heating. The property's APN is 421-050-15-00 & 421-050-15. This prime location in San Diego offers excellent visibility and accessibility. This is an unparalleled opportunity to secure a significant presence in a thriving San Diego commercial market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.141
    Latitude
    32.8089
    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
    $1,870,532
    $44,620,760
    $107,647,590
    $152,268,350
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $520,000
      3.73 Acres

      2383 Cardinal Dr, Unit 93

      APARTMENT HOUSE (5+ UNITS) • 3.73 Acres
      2383 Cardinal Dr, San Diego, CA 92123-4107
      View Details
    • Value Estimation
      $5,425,000
      50,400 SF

      7919 Hummingbird Ln

      APARTMENT HOUSE (5+ UNITS) • 50,400 SF
      7919 Hummingbird Ln, San Diego, CA 92123-2754
      View Details
    • Value Estimation
      $2,145,000
      9,999 SF

      3352 Daley Ctr Dr, Unit 72

      APARTMENT HOUSE (5+ UNITS) • 9,999 SF
      3352 Daley Ctr Dr, San Diego, CA 92123-4622
      View Details
    • Value Estimation by Request
      0.70 Acres

      2712 Msn Vlg Dr

      APARTMENT HOUSE (5+ UNITS) • 0.70 Acres
      2712 Msn Vlg Dr, San Diego, CA 92123-3250
      View Details
    • Value Estimation
      $1,705,000
      15,396 SF

      3443 Sandrock Rd

      APARTMENT HOUSE (5+ UNITS) • 15,396 SF
      3443 Sandrock Rd, San Diego, CA 92123-2156
      View Details
    • Value Estimation
      $1,130,000
      2.42 Acres

      3311 Kearny Villa Ln, Unit 87

      APARTMENT HOUSE (5+ UNITS) • 2.42 Acres
      3311 Kearny Villa Ln, San Diego, CA 92123-1911
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,666 SF

      Kearny Mesa Office/Flex Opportunity

      Two-story office/flex building in Kearny Mesa for sale.
      5205 Kearny Villa Way, San Diego, CA 92123
      View Details
    • $2,600,000

      San Diego Office Building For Sale

      4,775 SF office building on a 0.94-acre lot.
      3704 Ruffin Rd, San Diego, CA 92123
      View Details
    • Contact for pricing
      768 SF

      Kearny Mesa Office Condominium

      Office condominium for sale in Kearny Mesa submarket.
      4540 Kearny Villa Rd, San Diego, CA 92123
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kearny Villa Road Commercial Space

      Commercial space available for lease on Kearny Villa Road.
      5715-5745 Kearny Villa Rd, San Diego, CA 92123
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease at 8825 Aero Drive.
      8825 Aero Dr, San Diego, CA 92123
      View Details
    • Contact for pricing
      2,033 SF

      San Diego Flex Space Available

      Flex space with warehouse in San Diego, available 8/1/2025.
      9520 Chesapeake Dr, San Diego, CA 92123
      View Details
    • $0.99 SF/Yr
      20,316 SF

      Kearny Mesa Office Space Available

      Office space in central Kearny Mesa location for lease.
      4181 Ruffin Rd, San Diego, CA 92123
      View Details
    • Contact for pricing
      1,507 SF

      Second Generation Corner Office Suite

      Corner office suite featuring reception, open area, and conference room.
      9444 Farnham St, San Diego, CA 92123
      View Details
    • Contact for pricing
      4,500 SF

      Retail Space on Murphy Canyon

      Retail property available for lease on Murphy Canyon Road.
      3352 Murphy Canyon Rd, San Diego, CA 92123
      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.
    8583 Aero Dr
    San Diego, CA 92123-1709
    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
    8583 Aero Dr, San Diego, CA, 92123
    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!