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Property profile & analytics
FOR LEASE
Commercial land
9575 Aero Dr San Diego, CA 92123
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7184561
For Lease
1 / 3
$17,985,000
9575 Aero Dr, San Diego, CA 92123
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
4.51 ac (196,455 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
421-030-58-01
UPID
US09-7184561
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
North Shores Vocational Center High School
-
Arc Enterprises/North Shores Professional Center Charitable Organization Social Service Agency
-
Arrow Services Hat Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$17.99M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.99M
Owner & transaction history
Rady Childrens Hospital San Diego · 2 yrs held
Rady Childrens Hospital San Diego
since 2024
Last sale
$18.0M
5 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$17,985,000
ML approach
$17,985,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.99M
Range $16.19M – $19.78M · ±10% · vs last sale $17.99M (May 14 2024)
Last sale anchor
$17.99M
May 14 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$45,407
Tax year 2024
Assessed value
$3,693,420
Assessed 2024
Previous assessed
$3,693,420
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,693,420
Applied tax rate
8.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Lease
Heating
NONE
Lot
4.51 ac (196,455 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
421-030-58-01
UPID
US09-7184561
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
4.51 ac
Current owner
From public records · entity-resolved
Rady Childrens Hospital San Diego
Individual
Free & Clear · 2 yrs held
Mailing address
3020 CHILDRENS WAYMC5001, SAN DIEGO, CA 92123-4223
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2024
$17,985,000
Rady Childrens Hospital San Diego
Jrc 3 LLC
Grant Deed
—
Aug 9, 2023
—
Jrc 3 LLC
Jrc Real Estate Investment Corporat
Correction Deed
related
$3,000,000 · Utica Buildings LLC
Dec 2, 2022
—
Jrc 3 LLC
Jrc Real Estate Investment Corporat
Intrafamily Transfer
related
—
Nov 9, 2022
$3,621,000
Jrc Real Estate Investment Corporat
City Of San Diego
Grant Deed
—
Nov 9, 2022
$10,579,000
Jrc Real Estate Investment Corporat
The Arc Of San Diego
Grant Deed
$4,000,000 · The Arc Of San Diego
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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