1555 Camino De La ReinaSan Diego, CA 92108
- Retail properties
- 9,999 SF
Property Details for 1555 Camino De La Reina
- Year built
- 1974
- Lot size
- 9.29 AC
- Property size (Sq ft)
- 9,999 SF
- Zone code
- COMMERCIAL
- Property type
- Retail properties
- Property subtype
- Super regional malls
- APN
- 438-030-50-00
- APU
- 4380305000
Description
This exceptional 185,051-square-foot retail storefront, formerly a Macy's, presents a significant redevelopment opportunity. Located at 1555 Camino De La Reina in San Diego, CA 92108, this three-story building, constructed in 1975, is part of the Westfield Mission Valley mall. The property benefits from a high-traffic location within a thriving retail node, situated between SR-163 (197,429 vehicles per day) and I-805 (217,997 vehicles per day) freeways, ensuring excellent accessibility. The surrounding area boasts superior demographics and high-density multifamily housing within a one-mile radius. This location offers high barriers to entry and is situated within a highly desirable Complete Communities designation. The property's size and prime location offer significant value-add potential for investors seeking a high-visibility retail space with substantial foot traffic. This is a rare opportunity to acquire a large-scale retail property in a key San Diego location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $3,081,049
- 6.5%
- $2,844,045
- 7%
- $2,640,899
-
Comparable approach
- Method
- Valuation
- Relative Method
- $4,078,055
- Geo Method
- $8,868,757
-
Alternative Use
- Use
- Valuation
- Residential
- $2,399,058
- Hospitality
- $2,197,524
- Educational
- $1,828,315
- Medical
- $1,891,193
- Retail
- $2,844,045
Location Insight
- City
- San Diego
- County
- San Diego
- State
- California
- Latitude
- 32.7699
- Longitude
- -117.148
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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