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    9895 Olson Dr San Diego, CA 92121
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    9895 Olson Dr San Diego, CA 92121

    View on Map
    • Distribution centers
    • 22,440 SF
    Off-Market
    Property ID
    US09-8674446
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Torrey Pines Plumbing / Plumbing Service / General Contractor
    • Rescue Rooter / Plumbing Service / General Contractor

    Property Details for 9895 Olson Dr

    Property size
    22,440 SF
    Property type
    Distribution centers

    Description

    This exceptional 22,440-square-foot industrial warehouse is strategically located in the Miramar submarket of San Diego County. The property boasts a single tenancy and offers a desirable blend of warehouse and office space, with approximately 22,000 square feet dedicated to warehouse operations and 4,440 square feet allocated to office space (representing an 80/20 split). The warehouse features a generous 26-foot clear height, providing ample vertical space for storage and operations. Loading is facilitated by both dock-high and grade-level options, ensuring efficient handling of goods. Extensive outdoor space is available with approximately 22,000 square feet of fenced yard, providing ample room for storage or maneuvering. Furthermore, the property includes 33 surface parking spaces, offering convenient parking for employees and visitors. The building enjoys excellent freeway access via Interstate 805, providing easy connectivity to major transportation arteries. This corporate-image building presents a rare opportunity to acquire a well-maintained and strategically located industrial property in a thriving San Diego submarket.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1934755
    Latitude
    32.8855824

    Comparable in this City

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      Prime Miramar Industrial Opportunity

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      San Diego Warehouse on Large Lot

      44,000 SF warehouse with large fenced yard for sale.
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      Renovated Warehouse in Central San Diego

      68,999 SF warehouse with easy freeway access, available immediately.
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      San Diego Flex/Industrial Building

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    Similar Nearby for Lease

    • Contact for pricing
      45,000 SF

      Miramar Warehouse Space Available

      San Diego Industrial Space: 8,000-18,000 SF
      0 7575‐7595 Carroll Cyn Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      19,652 SF

      Prime Miramar Industrial Opportunity

      Class A industrial space in central San Diego location.
      8870 Liquid Ct, San Diego, CA 92121
      View Details
    • $1.55 SF/Yr
      44,210 SF

      Industrial Warehouse with Cold Storage

      44,210 SF warehouse with cold storage available for lease.
      7825 Trade St, San Diego, CA 92121
      View Details
    • Contact for pricing
      179,050 SF

      Prime Miramar Warehouse Opportunity

      Rare Class A warehouse space in central San Diego location.
      8870 Liquid Ct, San Diego, CA 92121
      View Details
    • Contact for pricing

      San Diego Warehouse on Large Lot

      44,000 SF warehouse with large fenced yard for sale.
      7565-7595 Carroll Rd, San Diego, CA 92121
      View Details
    • Contact for pricing
      68,999 SF

      Renovated Warehouse in Central San Diego

      68,999 SF warehouse with easy freeway access, available immediately.
      9151 Rehco Rd, San Diego, CA 92121
      View Details
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    San Diego, CA 92121
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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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