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

    9540 Waples St San Diego, CA 92121

    • Manufacturing properties
    • 32,674 SF
    • 2.18 lot acres
    For Lease
    View listing
    Last Sale
    Apr 03, 2023
    $14,250,000
    Value Estimations
    $11,655,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7027309
    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

    • Dental Design SD / Dentist / Cosmetic Dentist
    • A1 Motorsports / Car Detailing Service
    • Alex Machine / Machine Shop
    • San Diego Air Support / Medical Supply Store
    • Levitate Technologie.. / Manufacturer

    Property Details for 9540 Waples St

    Year built
    1988
    Lot size
    2.18 lot acres
    Property size
    32,674 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    341-361-43-00
    APU
    3413614300

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,075,000
      ML approach
      $9,745,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $13,930,000
      Current use
      MEDICAL BUILDING
      $19,020,000
      Change: +37% Conversion: Difficult
      WAREHOUSE, STORAGE
      $13,460,000
      Change: -3% Conversion: Easy
      AUTO REPAIR, GARAGE
      $12,590,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.183
    Latitude
    32.9035
    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
    $178,952
    $8,670,000
    $5,865,000
    $14,535,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.44 Acres

      8616 Miramar Pl

      MANUFACTURING (LIGHT) • 3.44 Acres
      8616 Miramar Pl, San Diego, CA 92121-2579
      View Details
    • Value Estimation by Request
      6.51 Acres

      6175 Lusk Blvd, Unit 95

      MANUFACTURING (LIGHT) • 6.51 Acres
      6175 Lusk Blvd, San Diego, CA 92121-2729
      View Details
    • Value Estimation by Request
      0.74 Acres

      11875 Sorrento Vly Rd

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

      7548 Trade St

      MANUFACTURING (LIGHT) • 0.10 Acres
      7548 Trade St, San Diego, CA 92121-2412
      View Details
    • Value Estimation by Request
      2.56 Acres

      7756 Trade St, Unit 76

      MANUFACTURING (LIGHT) • 2.56 Acres
      7756 Trade St, San Diego, CA 92121-2444
      View Details
    • Value Estimation
      $7,840,000
      49,276 SF

      9707 Waples St

      MANUFACTURING (LIGHT) • 49,276 SF
      9707 Waples St, San Diego, CA 92121-2954
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      92,262 SF

      Industrial Manufacturing Building in San Diego

      92,262 SF industrial manufacturing building on 4.25 AC.
      7545 Carroll Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      8,448 SF

      San Diego Industrial Property

      Industrial property with 8,448 square feet of space.
      7120 Carroll Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      6,000 SF

      San Diego Flex Space Investment Opportunity

      6,000 SF Flex Building, San Diego
      10739 Roselle St, San Diego, CA 92121
      View Details
    • $2,100,000
      4,260 SF

      San Diego Flex Space Opportunity

      Flex space available in San Diego's life science research hub.
      9155 Brown Deer Rd, San Diego, CA 92121
      View Details
    • $12,300,000
      29,491 SF

      San Diego Flex/Industrial Building

      Flex/Industrial building in San Diego, suitable for owner/user or investment.
      6989 Corte Santa Fe, San Diego, CA 92121
      View Details
    • $1,900,000
      4,939 SF

      San Diego Flex/Industrial End-Cap

      4,939 SF flex/industrial space suitable for multiple occupants.
      8606 Commerce Ave, San Diego, CA 92121
      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      6,263 SF

      San Diego Flex Space For Lease

      Versatile San Diego Office/Industrial Space
      9865 Mesa Rim 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
      6042-6048 Cornerstone Ct, San Diego, CA 92121
      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
    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.
    9540 Waples St
    San Diego, CA 92121
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.