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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8620 Spectrum Center Blvd, Unit 1100 San Diego, CA 92123

    • Office buildings
    • 9,999 SF
    • 1.13 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7191394
    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

    • Department of Real Estate - San Diego / High School
    • Berkshire Hathaway Homestate / Insurance Agency
    • UCSD / College
    • Champ’s Cafe / Cafe & Coffee Shop
    • Crescent Bay Properties / Real Estate Agency

    Property Details for 8620 Spectrum Center Blvd

    Year built
    2008
    Lot size
    1.13 lot acres
    Property size
    9,999 SF
    Zone code
    COMMERCIAL
    Property type
    Office buildings
    APN
    369-230-12-00
    APU
    3692301200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,284,000
      Market price range: $2.26M - $5.28M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,715,000
      Current use
      RESTAURANT
      $8,850,000
      Change: +138% Conversion: Moderate
      MEDICAL BUILDING
      $5,820,000
      Change: +57% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,855,000
      Change: +4% Conversion: Difficult
      RETAIL STORES
      $3,550,000
      Change: -4% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.142
    Latitude
    32.8273
    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
    $795,396
    $4,016,651
    $60,748,062
    $64,764,713
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $16,765,000
      57,900 SF

      8787 Complex Dr

      OFFICE BUILDING (MULTI-STORY) • 57,900 SF
      8787 Complex Dr, San Diego, CA 92123-1419
      View Details
    • Value Estimation
      $5,355,000
      9,999 SF

      8695 Spectrum Ctr Blvd

      OFFICE BUILDING (MULTI-STORY) • 9,999 SF
      8695 Spectrum Ctr Blvd, San Diego, CA 92123-1489
      View Details
    • Value Estimation
      $5,355,000
      9,999 SF

      9001 Spectrum Ctr Blvd

      OFFICE BUILDING (MULTI-STORY) • 9,999 SF
      9001 Spectrum Ctr Blvd, San Diego, CA 92123-1438
      View Details
    • Value Estimation
      $17,790,000
      69,483 SF

      4909 Murphy Cyn Rd

      OFFICE BUILDING (MULTI-STORY) • 69,483 SF
      4909 Murphy Cyn Rd, San Diego, CA 92123-4349
      View Details
    • Value Estimation
      $5,355,000
      9,999 SF

      3665 Kearny Villa Rd

      OFFICE BUILDING (MULTI-STORY) • 9,999 SF
      3665 Kearny Villa Rd, San Diego, CA 92123-1953
      View Details
    • Value Estimation
      $5,355,000
      9,999 SF

      9444 Balboa Ave

      OFFICE BUILDING (MULTI-STORY) • 9,999 SF
      9444 Balboa Ave, San Diego, CA 92123-4447
      View Details

    Similar Nearby for Sale

    • $2,900,000
      4,775 SF

      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
      368 SF

      Kearny Villa Rd Office Suites

      San Diego medical & office space for sale.
      4540 Kearny Villa Rd, San Diego, CA 92123
      View Details
    • $550,000

      Second-Floor Office Condominium Available

      Second-floor office condominium with good natural light and central location.
      8947 Complex Dr, San Diego, CA 92123
      View Details
    • New
      $1,295,000
      1,675 SF

      Birdland Multi-Family Income Property

      Multi-unit property in prime Birdland location with income potential.
      2679-83 Tern Dr, San Diego, CA 92123
      View Details
    • Contact for pricing

      Serra Mesa Four-Bedroom Home

      Spacious, updated home in Allure community with resort-style amenities.
      3454 Castle Glen Dr, San Diego, CA 92123
      View Details
    • $725,000
      1,440 SF

      Tri-Level Townhome in Quiet Neighborhood

      Tri-level townhome with remodeled kitchen, bathrooms, and private outdoor space.
      5806 Mission Center Rd, San Diego, CA 92123
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      16,582 SF

      Kearny Mesa Office Space Available

      Office building in Kearny Mesa with freeway access and visibility.
      4715 Viewridge Ave, San Diego, CA 92123
      View Details
    • Contact for pricing
      24,289 SF

      Office Building with Fitness Center

      Office space with modern amenities and convenient location.
      9797-9799 Aero Dr, San Diego, CA 92123
      View Details
    • $1.65 SF/Yr
      1,472 SF

      Renovated Office Building For Lease

      Recently renovated office building with central San Diego location.
      9320 Chesapeake Dr, San Diego, CA 92123
      View Details
    • $15 SF/Yr
      36,922 SF

      Aero Office Park: Executive Suites

      San Diego Executive Office Space Available
      8825 Aero Dr, San Diego, CA 92123
      View Details
    • $1.55 SF/Yr
      28,594 SF

      Available Office Space For Rent

      3,945 square foot office space available for lease.
      4669 Murphy Canyon Rd, 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
    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.
    8620 Spectrum Center Blvd, Unit 1100
    San Diego, CA 92123
    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.