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

    9830 Mira Lee Way San Diego, CA 92126-4741

    • Apartment buildings
    • 9,999 SF
    • 3.01 lot acres
    OFF-MARKET
    Value Estimations
    $2,105,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9667374
    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

    • AJ Wheel Repair / Hardware & Home Improvement / General Contractor

    Property Details for 9830 Mira Lee Way

    Year built
    2017
    Lot size
    3.01 lot acres
    Property size
    9,999 SF
    Zone code
    COMMERCIAL
    Property type
    Apartment buildings
    APN
    318-410-37-00
    APU
    3184103700

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,665,000
      6.5%
      $2,460,000
      7%
      $2,285,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,330,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.116
    Latitude
    32.9227
    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
    $857,150
    $11,855,484
    $57,696,429
    $69,551,913
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $540,000
      4.02 Acres

      7918 Collective Way

      APARTMENT HOUSE (5+ UNITS) • 4.02 Acres
      7918 Collective Way, San Diego, CA 92126-7201
      View Details
    • Value Estimation
      $820,000
      4,194 SF

      8757 Mira Mesa Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,194 SF
      8757 Mira Mesa Blvd, San Diego, CA 92126-2759
      View Details
    • Value Estimation
      $18,410,000
      93,776 SF

      10935 Caminito Alvarez

      APARTMENT HOUSE (5+ UNITS) • 93,776 SF
      10935 Caminito Alvarez, San Diego, CA 92126-5735
      View Details
    • Value Estimation
      $550,000
      4,123 SF

      8767 Mira Mesa Blvd

      APARTMENT HOUSE (5+ UNITS) • 4,123 SF
      8767 Mira Mesa Blvd, San Diego, CA 92126-2773
      View Details
    • Value Estimation by Request
      17.60 Acres

      Mira Lee Way

      APARTMENT HOUSE (5+ UNITS) • 17.60 Acres
      Mira Lee Way, San Diego, CA 92126
      View Details
    • Value Estimation
      $675,000
      4.48 Acres

      8018 Rose Quartz Cir

      APARTMENT HOUSE (5+ UNITS) • 4.48 Acres
      8018 Rose Quartz Cir, San Diego, CA 92126-8901
      View Details

    Similar Nearby for Sale

    • $575,000
      912 SF

      Mira Mesa Condo with Balcony

      Well-maintained 2-bedroom condo in desirable Mira Mesa location.
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    • $475,000

      Renovated Condo with Premium Upgrades

      Meticulously remodeled condo with high-end finishes and custom craftsmanship.
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    • $1,349,999

      Move-In Ready Home with ADU

      Renovated home with ADU, solar, and large lot.
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    • $775,000
      1,542 SF

      Updated Condo in Mira Mesa

      Updated condo with new flooring, private patio, and community pool.
      8388 Summerdale Rd, San Diego, CA 92126
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    • Contact for pricing
      33,000 SF

      Miramar Road Industrial Facility

      33,000 SF Flex Space, San Diego
      7992 Miramar Rd, San Diego, CA 92126
      View Details
    • Contact for pricing

      Secured Yard on Miramar Road

      36,705 SF lot with warehouse and permitted trailer yard.
      8088 Miramar Rd, San Diego, CA 92126
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      47,202 SF

      Trade Place Commerce Center: San Diego

      San Diego Office/Industrial Space Available
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    • $2 SF/Yr
      24,267 SF

      Miralani Business Park Industrial Building

      24,267 SF industrial building in Miralani Business Park.
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    • $2 SF/Yr
      2,020 SF

      San Diego Office Space Available

      Office space available for lease in San Diego, CA.
      9685 Via Excelencia, San Diego, CA 92126
      View Details
    • $21 SF/Yr
      9,812 SF

      San Diego Flex Space Available

      Flex space featuring offices, conference room, and warehouse area.
      9240 Trade Pl, San Diego, CA 92126
      View Details
    • $1.70 SF/Yr
      3,200 SF

      Warehouse Space Available for Sublease

      3,200 SF warehouse space available for sublease.
      8160 Miramar Rd, San Diego, CA 92126
      View Details
    • $2 SF/Yr
      7,531 SF

      San Diego Flex/Industrial Space

      Flex/Industrial space available for lease in San Diego, CA.
      8470-8525 Redwood Creek Ln, San Diego, CA 92126
      View Details
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    9830 Mira Lee Way
    San Diego, CA 92126-4741
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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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