9373 Hazard Way San Diego, CA 92123
Retail space
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Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
For Lease
1 / 2
Contact for pricing
9373 Hazard Way, San Diego, CA 92123
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Estimated value (blended)
$460k
Range $414k – $506k (±10%)
Property ID
US09-8565248
Property summary
AI-generated overview
This exceptional 10,655 square foot executive office building, located at 9373 Hazard Way in San Diego, California, presents a unique investment opportunity. Built in 1980, this two-story building sits on a 1.5-acre lot and boasts stunning canyon views thanks to its extensive window line. The property features 35 dedicated, secure parking spaces, with additional parking available to accommodate a variety of uses. The interior includes newly renovated ADA-compliant restrooms on each level and a convenient break/lunch room on the lower level. Its central San Diego location in Kearny Mesa provides easy access to major freeways, including SR-52, CA-163, and I-15. The IS-1-1 zoning allows for diverse uses, including medical, dental, health practitioners, light industrial, and R&D, making it ideal for a call center, corporate back office, charter school, or medical practice. The building's secure design and ample parking further enhance its appeal. This property offers a compelling combination of location, functionality, and versatility, making it an attractive investment prospect. The asking price is $3,150,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Total area
10,905 SF
Lot
0.48 ac (20,803 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
369-191-35-00
UPID
US09-8565248
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.05M
Comparable Approach
Comparable
$2.94M
Blend (final)
Blend
$460k
Owner & transaction history
since 2024
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Top alternative use upside
Auto repair, garage
$4.2M
+8.5%
Office building
$4.1M
+4.6%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 13 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$460k
Value range
$414k – $506k
±10% around blend
Estimated value / SF
$42 / SF
Confidence
High
13 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$414k
blend $460k
$506k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,905 SF
Lot area
0.48 ac
Year built
1980
APN
369-191-35-00
Assessed value
$780,413
Annual tax
$9,624
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.05M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$4.39M
@ 6.5% CAP return
$4.05M
@ 7% CAP return
$3.76M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$9,624
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$6.08M
Weighted, 13 comps · high confidence
Evidence
13 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
8.7 mi away · 10,000 SF
8.9 mi away · 12,400 SF
9.5 mi away · 8,640 SF
10.3 mi away · 8,550 SF
11.0 mi away · 7,662 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$460k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$355
-88%
Submarket 855 sales
$481
-91%
County 2035 sales
$420
-90%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $42/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+9%
vs current-use indication
Office Building
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 13 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$425k
Move the market yield to see immediate price impact.
Value / SF
$39
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$27k
$535k
$382k
$297k
$30k
$595k
$425k
$330k
$33k
$654k
$467k
$363k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
13 found
High confidence · county-verified
Closest comparable
$1.65M
8.6 mi · Aug 2025 · $212/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$9,624
Tax year 2024
Assessed value
$780,413
Assessed 2024
Previous assessed
$780,413
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$333,259
Assessed improvement
$447,154
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1980
Heating
NONE
Units
1
Total area
10,905 SF
Lot
0.48 ac (20,803 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
369-191-35-00
UPID
US09-8565248
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CAZoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Units
1
Lot
0.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
INDUSTRIAL (M ZONE)
Jurisdiction
San Diego, CA
Recorded code
INDUSTRIAL (M ZONE)
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for INDUSTRIAL (M ZONE) in San Diego, CA.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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