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    8895 Towne Centre Dr San Diego, CA 92122
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    8895 Towne Centre Dr, San Diego, CA 92122

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    • Community centers
    • 51,514 SF
    • 4.44 lot acres
    For Lease
    $8,620,000
    View Listing →
    Retail Space Near La Jolla For Lease
    $8,620,000
    480 SF

    Retail Space Near La Jolla

    Retail space with high foot traffic near La Jolla.

    8895 Towne Centre Dr, San Diego, CA
    View Listing
    Property ID
    US09-8660993
    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

    • Weddings Reportage / Wedding Service / Photography Service
    • Academy of Contractor Licensing / Training Center / Vocational School
    • Taste of the Himalayas / Restaurant
    • SEO Services California / Marketing & Advertising
    • Edward Jones - Financial Advisor: Brian Dempsey / Financial Advisor

    Property Details for 8895 Towne Centre Dr

    Year built
    1992
    Lot size
    4.44 lot acres
    Zone code
    COMMERCIAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    345-221-12-00
    APU
    3452211200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 18, 2025 — B10 Mountain A Sd LP Roic California LLC Grant Deed —
    Aug 8, 2011 $4,599,000 Roic Rtc LLC Renaissance Towne Center 99 LP Grant Deed —
    Aug 8, 2011 — Renaissance Towne Ctr II LLC Renaissance Towne Center 99 LP Quit Claim Deed —
    Aug 8, 2011 $2,085,500 Roic Rtc LLC Renaissance Towne Ctr 11 LLC Grant Deed —
    Sep 16, 1999 $11,900,000 Renaissance Towne Center 99 Ll Tcw Special Credits Grant Deed $10k · General Electric Capital Corp
    Oct 20, 1993 — Tc Partners Cornerstone La J Quit Claim Deed · related —
    Mar 26, 1990 — T C Partners — Grant Deed · related $11M · Bank Of California
    Dec 30, 1988 $4,222,792 Tc Partners,& Unknown Grant Deed —
    — — Renaissance Towne Center 99 Ll — Deed Of Trust · related $17.4M · General Electric Capital Corp

    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
    -117.206
    Latitude
    32.8674
    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
    $365,581
    $14,777,142
    $14,961,917
    $29,739,059
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,375,000
      7,337 SF

      4335 La Jolla Vlg Dr

      REGIONAL SHOPPING CENTER, MALL
      4335 La Jolla Vlg Dr, San Diego, CA 92122-1201
      View Details
    • Value Estimation
      $16,410,000
      99,999 SF

      4545 La Jolla Vlg Dr

      REGIONAL SHOPPING CENTER, MALL
      4545 La Jolla Vlg Dr, San Diego, CA 92122-1241
      View Details
    • Value Estimation
      $1,300,000
      5,446 SF

      3298 Governor Dr

      SHOPPING CENTER, STRIP CENTER
      3298 Governor Dr, San Diego, CA 92122-2902
      View Details
    • Value Estimation by Request
      0.28 Acres

      3943 Governor Dr, Unit 49

      SHOPPING CENTER, STRIP CENTER
      3943 Governor Dr, San Diego, CA 92122-2520
      View Details
    • Value Estimation by Request
      1.22 Acres

      4425 La Jolla Vlg Dr

      REGIONAL SHOPPING CENTER, MALL
      4425 La Jolla Vlg Dr, San Diego, CA 92122-1219
      View Details
    • Value Estimation by Request

      La Jolla Vlg Dr

      REGIONAL SHOPPING CENTER, MALL
      La Jolla Vlg Dr, San Diego, CA 92122
      View Details

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      Turnkey Healthcare Facility in San Diego

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    Similar Nearby for Lease

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      1,811 SF

      Retail Space Anchored by CVS

      Retail space with high foot traffic near offices and residences.
      8935 Towne Centre Dr, San Diego, CA 92122
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Rent

      97,376 SF shopping center anchored by Sprouts Farmer’s Market.
      3202-3368 Governor Dr, San Diego, CA 92122
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      880 SF

      Neighborhood Shopping Center Retail Space

      Retail space available in established neighborhood shopping center.
      3202 Governor Dr, San Diego, CA 92122
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    • Contact for pricing

      San Diego Shopping Center For Rent

      78,185 SF shopping center anchored by Vons and Rite-Aid.
      3939 Governor Dr, San Diego, CA 92122
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      917 SF

      Retail Space Near CVS Pharmacy

      Retail space anchored by CVS Pharmacy with high foot traffic.
      8915 Towne Centre Dr, San Diego, CA 92122
      View Details
    • Contact for pricing

      Retail Space in University Towne

      Retail property in a high-traffic area near La Jolla.
      8895-8935 Towne Centre Dr, San Diego, CA 92122
      View Details

    Property Visit Statistics

    • Visits by month
      9.9k
    • Visitors by month
      8.3k
    • Avg Time on site
      40 min
    View Listing
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    San Diego, CA 92122
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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.

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