This exceptional mixed-use retail property, known as The Kimball, presents a rare opportunity in the thriving National City, California market. Located at 1126 E 8th St, 91950, this strategically positioned building offers a total of 2,956 square feet of retail space, currently entirely vacant and available for lease. The property features two divisible units, with a minimum leasable area of 1,473 square feet and a maximum contiguous space of 1,483 square feet. The building is part of a larger development encompassing 47 residential units, ensuring a built-in customer base and high foot traffic. Situated in the heart of National City, near Highland Avenue, this corner location at 8th St & L Ave benefits from excellent visibility and accessibility. The Kimball enjoys a prime location within a major employment center, close to the San Diego Naval Air Station, numerous hotels, shopping centers, restaurants, and community parks. Public transportation is readily available, with several transit stops within walking distance. The property's proximity to established shopping centers like Highland Plaza Center, the strip center at 1415 E 8th St, and Plaza Towne Shopping Center further enhances its appeal and potential for success. This is an ideal opportunity for businesses seeking high visibility and a strong customer base in a rapidly growing area of San Diego County. The property's size and layout offer flexibility for a variety of retail uses.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$14,387,472
6.5%
$13,280,743
7%
$12,332,119
Comparable approach
Method
Valuation
Relative Method
$19,043,160
Geo Method
$41,414,140
Alternative Use
Use
Valuation
Residential
$11,202,804
Hospitality
$10,261,708
Educational
$8,537,621
Medical
$8,831,243
Retail
$13,280,743
Location Insight
City
National City
County
San Diego
State
California
Latitude
32.6788
Longitude
-117.095
CBSA code
41740
CBSA name
SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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