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

    8800 Lombard Pl San Diego, CA 92122-1637

    • Apartment buildings
    • 9,999 SF
    • 1.24 lot acres
    OFF-MARKET
    Last Sale
    Dec 22, 2023
    $203,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6711814
    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

    • AI Appointments / Consultant
    • Palisade at Westfield UTC / Real Estate Agency
    • La Jolla Carpet Care / Upholstery Cleaning Service / Carpet Cleaning Service
    • Westfield UTC / Shopping Center & Mall
    • ChargePoint Charging Station / Electric Vehicle Charging Station

    Property Details for 8800 Lombard Pl

    Year built
    2019
    Lot size
    1.24 lot acres
    Property size
    9,999 SF
    Zone code
    COMMERCIAL
    Property type
    Apartment buildings
    APN
    345-091-01-00
    APU
    3450910100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.212
    Latitude
    32.8676
    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
    $2,478,782
    $31,000,000
    $170,814,700
    $201,814,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $515,000
      2.95 Acres

      6153 Gullstrand St, Unit 6257

      APARTMENT HOUSE (5+ UNITS) • 2.95 Acres
      6153 Gullstrand St, San Diego, CA 92122-3823
      View Details
    • Value Estimation by Request
      16.33 Acres

      5828 Gullstrand St, Unit 98

      APARTMENT HOUSE (5+ UNITS) • 16.33 Acres
      5828 Gullstrand St, San Diego, CA 92122-3818
      View Details
    • Value Estimation by Request
      3.76 Acres

      5205 Genesee Cv, Unit 45

      APARTMENT HOUSE (5+ UNITS) • 3.76 Acres
      5205 Genesee Cv, San Diego, CA 92122-2542
      View Details
    • Value Estimation
      $535,000
      2.71 Acres

      4611 Governor Dr, Unit 49

      APARTMENT HOUSE (5+ UNITS) • 2.71 Acres
      4611 Governor Dr, San Diego, CA 92122-3005
      View Details
    • Value Estimation by Request
      1.87 Acres

      9045 Judicial Dr

      APARTMENT HOUSE (5+ UNITS) • 1.87 Acres
      9045 Judicial Dr, San Diego, CA 92122-4658
      View Details
    • Value Estimation by Request
      3.44 Acres

      5810 Kantor Ct, Unit 46

      APARTMENT HOUSE (5+ UNITS) • 3.44 Acres
      5810 Kantor Ct, San Diego, CA 92122-3832
      View Details

    Similar Nearby for Sale

    • $990,000

      La Jolla Colony Townhome

      Bright 3-bedroom townhome in desirable La Jolla Colony community.
      4210 Porte De Palmas, San Diego, CA 92122
      View Details
    • Contact for pricing
      1,004 SF

      San Diego Home with Fireplace

      Charming San Diego home with fireplace, community pool, and hot tub.
      4145 Porte De Merano, San Diego, CA 92122
      View Details
    • $685,000

      Updated Townhome in University City

      Charming 2-bedroom townhome near UTC Mall and UCSD.
      7837 Camino Tranquilo, San Diego, CA 92122
      View Details
    • Contact for pricing
      1,268 SF

      Freeway Accessible Office Space

      Office space with freeway access and recent property upgrades.
      5190 Governor Dr, San Diego, CA 92122
      View Details
    • $555,555
      1,153 SF

      La Jolla Corner Unit with Views

      Bright 2-bed, 2-bath corner unit in premier 62+ community.
      3890 Nobel Dr, San Diego, CA 92122
      View Details

    Similar Nearby for Lease

    • $5,500 /Mo
      1,521 SF

      Remodeled Townhome Near UTC Mall

      Executive townhome with remodeled interiors, large backyard, and community pool.
      5554 Renaissance Ave, San Diego, CA 92122
      View Details
    • $22 SF/Yr
      20,070 SF

      University Town Center Office Suites

      Prime San Diego Office Space, Flexible Options
      4660 La Jolla Village Dr, San Diego, CA 92122
      View Details
    • Contact for pricing
      11,107 SF

      Second Floor Office Space

      Second floor office space available for rent.
      9171 Towne Centre Dr, San Diego, CA 92122
      View Details
    • Contact for pricing
      7,923 SF

      Class A Office Space Available

      Recently completed office space with convenient access to Interstate 805.
      6256 Greenwich Dr, San Diego, CA 92122
      View Details
    • Contact for pricing
      5,214 SF

      First Floor Office Suite

      Office suite available for rent with 5214 square feet.
      3636 Nobel Dr, San Diego, CA 92122
      View Details
    • Contact for pricing
      9,622 SF

      La Jolla Flex Workspace

      Fifth floor flex workspace available for rent in La Jolla.
      4370 La Jolla Village Dr, San Diego, CA 92122
      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.
    8800 Lombard Pl
    San Diego, CA 92122-1637
    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.