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

    9939 Hibert St San Diego, CA 92131

    • Retail space
    • 20,252 SF
    • 1.59 lot acres
    For Lease
    View listing
    $1.85 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-8575202
    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

    • Brian Giblin - State Farm Insurance Agent / Insurance Agency
    • Mike Mancini - State Farm Insurance Agent / Insurance Agency
    • Granfondo Cycling Tours / Travel Agency / Tour Operator
    • Silver Strand Half Marathon / Marketing & Advertising / Event Planning
    • Helen Keller National Center / Volunteer Organization / Charitable Organization

    Property Details for 9939 Hibert St

    Year built
    1982
    Lot size
    1.59 lot acres
    Property size
    20,252 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Retail space
    APN
    319-190-17-00
    APU
    3191901700

    Description

    This exceptional San Diego County business park offers a diverse range of flexible and executive office spaces within eleven meticulously maintained buildings totaling 208,434 square feet. Located in the desirable Scripps Ranch submarket, this property boasts convenient access to the I-15 freeway and a wealth of local amenities. The park features a mix of flex, industrial, and office spaces, with suites ranging from 985 to 1,457 contiguous square feet, and a minimum divisible space of 985 square feet. Currently, 3,437 square feet of vacant space is available for immediate occupancy. The property benefits from a quiet neighborhood setting, remodeled common areas, multiple points of ingress and egress, and included janitorial services. Ample parking is provided at a ratio of 4.0 spaces per 1,000 square feet. The IP-2-1 zoning allows for a variety of business uses. This is an ideal location for businesses seeking efficient, well-maintained space in a convenient and desirable San Diego location. The property is served by 3-phase power. The park's strategic location and comprehensive amenities make it an attractive option for businesses of all sizes.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.111
    Latitude
    32.9132
    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
    $50,171
    $1,191,302
    $2,779,714
    $3,971,016
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
      $12,390,000
      74,390 SF

      9889 Willow Crk Rd

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    • Value Estimation
      $2,045,000
      5,670 SF

      10393 Spg Cyn Rd

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      10393 Spg Cyn Rd, San Diego, CA 92131-3916
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    • Value Estimation
      $4,725,000
      27,072 SF

      9747 Businesspark Ave

      RETAIL STORES (PERSONAL SERVICES) • 27,072 SF
      9747 Businesspark Ave, San Diego, CA 92131-1661
      View Details
    • Value Estimation
      $7,000,000
      21,400 SF

      10065 Old Grv Rd

      RETAIL STORES (PERSONAL SERVICES) • 21,400 SF
      10065 Old Grv Rd, San Diego, CA 92131-1664
      View Details
    • Value Estimation
      $4,420,000
      25,000 SF

      10174 Old Grv Rd Ste, Unit 100

      RETAIL STORES (PERSONAL SERVICES) • 25,000 SF
      10174 Old Grv Rd Ste, San Diego, CA 92131-1652
      View Details

    Similar Nearby for Sale

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      Redevelopment Opportunity in Central San Diego

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      Remodeled Home in Desirable Neighborhood

      Remodeled 4-bedroom home with modern updates, community pool and spa.
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    • Contact for pricing
      60,334 SF

      60,334 SF Flex Space Available

      60,334 SF flex space on 9.03 acres for sale.
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    Similar Nearby for Lease

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      Retail Space in Scripps Ranch

      Retail space available in affluent Scripps Ranch area.
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      Scripps Mesa Retail Opportunity

      High-visibility retail spaces available.
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      Retail Space on Mira Mesa Boulevard

      Retail space available for lease on Mira Mesa Boulevard.
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      Scripps Ranch Retail Investment Opportunity

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    • $1.99 SF/Yr
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      San Diego Flex/Industrial Space

      30,425 SF flex/industrial space available for lease in San Diego.
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      View Details
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    San Diego, CA 92131
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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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