2262 Carmel Valley RdDel Mar, CA 92014

Property Details for 2262 Carmel Valley Rd

Year built

1981

Lot size

0.31 AC

Property size (Sq ft)

7,576 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

301-083-19-00

APU

3010831900

Description

This exceptional Class A office building in Del Mar, California, presents a unique owner-user opportunity. Located on a 0.32-acre waterfront lot at 2262 Carmel Valley Rd, 92014, this two-story, 10,056 square foot building boasts a prime location with panoramic ocean views overlooking the Los Penasquitos Lagoon. Currently 49% occupied, the ground floor is 100% leased, generating in-place income. The upper floor offers high-end improvements, including a remodeled fitness center, chef's kitchen, new hardwood floors, and updated bathrooms, ready for an owner-occupant. Recent renovations totaling approximately $700,000 have enhanced the property's appeal. The building features 17 parking spaces and benefits from excellent visibility on Carmel Valley Road, a major thoroughfare, offering exceptional signage opportunities. Its proximity to the Scripps Medical cluster, technology hubs, and affluent residential areas, combined with easy access to State Route 56 and Interstate 5, makes this a highly desirable location. The asking price is $10,005,720. Built in 1981 and renovated in 2000/24, this property offers a blend of established income and modern amenities in one of San Diego's most sought-after locations. Current in-place rents are approximately 32% below market, presenting a significant upside potential for the new owner. The low after-tax occupancy cost of approximately $1.60 per square foot per month, excluding future appreciation, makes this an attractive investment. SBA financing options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $2,334,436

  6.5%

  $2,154,864

  7%

  $2,000,945

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,089,844

  Geo Method

  $6,719,642

• Alternative Use

  Use

  Valuation

  Residential

  $1,817,708

  Hospitality

  $1,665,011

  Educational

  $1,385,270

  Medical

  $1,432,911

  Retail

  $2,154,864

Location Insight

City

Del Mar

County

San Diego

State

California

Latitude

32.9337

Longitude

-117.254

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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