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    Property profile & analytics

    9515 Genesee Ave San Diego, CA 92121-2016

    • Apartment buildings
    • 96,192 SF
    • 4.62 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2022
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7556504
    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

    • La Jolla Canyon / Condominium Complex / Townhouse Complex

    Property Details for 9515 Genesee Ave

    Year built
    1976
    Lot size
    4.62 lot acres
    Property size
    96,192 SF
    Zone code
    R-4:MULTIPLE RESIDENTIAL
    Property type
    Apartment buildings
    APN
    343-140-24-00
    APU
    3431402400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $785,000

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.213
    Latitude
    32.8785
    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
    $293,158
    $11,596,878
    $12,247,692
    $23,844,570
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $550,000
      10,948 SF

      9585 Genesee Ave, Unit 9705

      APARTMENT HOUSE (5+ UNITS) • 10,948 SF
      9585 Genesee Ave, San Diego, CA 92121-2054
      View Details
    • Value Estimation
      $280,000
      3.41 Acres

      9545 Genesee Ave, Unit 75

      APARTMENT HOUSE (5+ UNITS) • 3.41 Acres
      9545 Genesee Ave, San Diego, CA 92121-2045
      View Details
    • Value Estimation by Request
      34.15 Acres

      Carroll Canyon Rd

      Land • 34.15 Acres
      0 Carroll Canyon Rd, San Diego, CA 92121
      View Details
    • Value Estimation by Request
      5,265 SF

      5790 Miramar Rd

      Office space • 5,265 SF
      5790 Miramar Rd, San Diego, CA 92121
      View Details
    • Value Estimation by Request
      2.91 Acres

      Science Ctr Dr

      INDUSTRIAL - VACANT LAND • 2.91 Acres
      Science Ctr Dr, San Diego, CA 92121
      View Details
    • Value Estimation
      $295,000
      0.74 Acres

      11875 Sorrento Vly Rd

      MANUFACTURING (LIGHT) • 0.74 Acres
      11875 Sorrento Vly Rd, San Diego, CA 92121-1012
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34.15 Acres

      Sorrento Valley Development Land

      34 Acres, Mixed-Use Potential in San Diego
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      8,448 SF

      San Diego Industrial Property

      Industrial property with 8,448 square feet of space.
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      Industrial Warehouse with Dock Doors

      18,756 SF industrial warehouse featuring dock and grade doors.
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      High-Finish Industrial Opportunity

      7,200 SF industrial property for sale in San Diego.
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      San Diego Warehouse For Sale

      9,000 SF warehouse/industrial property in San Diego, California.
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      Free Standing Miramar Warehouse Building

      Industrial/warehouse building in Miramar area, suitable for owner/user.
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    Similar Nearby for Lease

    • Contact for pricing
      5,265 SF

      Miramar Road Office Space For Lease

      San Diego Office Suites - 7 Available
      5790 Miramar Rd, San Diego, CA 92121
      View Details
    • $21 SF/Yr
      49,714 SF

      Fountain Plaza: San Diego Office Space

      Prime San Diego Office & R&D Space Available
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      View Details
    • $2 SF/Yr
      111,004 SF

      Sorrento Valley Tech Park Office Space

      Modern San Diego office & R&D space available
      10110 Sorrento Valley Rd, San Diego, CA 92121
      View Details
    • $24 SF/Yr
      13,000 SF

      Sorrento Valley Creative Office Space

      13,000 SF Office/Industrial Building
      3323 Carmel Mountain Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      11,142 SF

      Sorrento Valley Flex / Industrial Space

      11,142 SF flex/industrial space in Sorrento Valley, San Diego.
      11408 Sorrento Valley Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      39,134 SF

      Industrial Warehouse Space Available

      39,134 SF warehouse space for lease in San Diego.
      9393 Waples St, San Diego, CA 92121
      View Details
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    9515 Genesee Ave
    San Diego, CA 92121-2016
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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.

    More about this property
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