500 8Th StNational City, CA 91950

Property Details for 500 8Th St

Year built

1988

Lot size

1.87 AC

Property size (Sq ft)

30,660 SF

Zone code

COMMERCIAL

Property type

Community centers

APN

556-492-23-00

APU

5564922300

Description

This exceptional 30,790 square foot neighborhood shopping center presents a unique investment opportunity in San Diego County. Situated on an expansive 81,457 square foot lot, this multi-tenant property boasts convenient access to major freeways, I-5 and I-805. The property features ample parking with 126 spaces (a 4.2/1,000 ratio). Zoned MXC-2 Major Mixed-Use Corridor, the highest and best use includes general retail, medical office, and postal services. The center offers prominent pylon signage and a unique tenant benefit: free advertising in The Filipino Press Weekly Newspaper. Currently available is Suite 2, a 1,500 square foot retail/office space (30' x 50'). This suite includes a built-out restroom and two entry doors (one single, one double hung). Lease rates are triple net; inquiries are welcome.

• CAP approach

  CAP return

  Valuation

  6%

  $7,520,160

  6.5%

  $6,941,690

  7%

  $6,445,850

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,160,620

  Geo Method

  $11,223,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $13,722,200

  Mixed-Use / Specialty

  $6,842,080

  Hospitality / Lodging

  $4,922,340

  Office

  $6,723,450

  Institutional / Educational

  $7,086,250

  Residential Income

  $8,290,910

  Multifamily

  $10,358,700

  Automotive / Energy

  $6,073,920

  Parking / Income-Based Land

  $2,170,000

  Restaurant / Food Service

  $3,398,840

  Healthcare / Senior Housing

  $7,093,190

Location Insight

City

National City

County

San Diego

State

California

Latitude

32.6771

Longitude

-117.101

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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