9187 Clairemont Mesa BlvdSan Diego, CA 92123

  • Retail properties
  • 13,240 SF
For Lease

Property Details for 9187 Clairemont Mesa Blvd

Year built
2006
Lot size
1.20 AC
Property size (Sq ft)
13,240 SF
Zone code
COMMERCIAL
Property type
Retail properties
Property subtype
Retail space
APN
369-121-06-00
APU
3691210600

Description

The Shops at Spectrum offers 14,000 square feet of prime retail space in a vibrant San Diego location. Currently fully vacant, this multi-tenant property presents a unique investment opportunity. Two spaces are available, ranging in size from 1 to 2,500 square feet, offering flexibility for various retail concepts. The property enjoys a highly visible corner location, serving as a key access point to the mixed-use San Diego Spectrum development. This strategic position ensures high visibility and foot traffic, benefiting from a substantial daytime population drawn to the area's established businesses and residential community. Strong existing tenants in the immediate vicinity include 7-Eleven, Rubio's Coastal Grill, and Firehouse Subs, creating a synergistic and attractive retail environment. The location is further enhanced by the proximity of 600 existing residential units, with an additional 1,000 units planned for development within three blocks, promising significant future growth and increased customer base. This presents a compelling opportunity for investors seeking a high-traffic retail space in a rapidly expanding area of San Diego. The entire 14,000 square feet is available for lease or purchase, allowing for customization and development to suit a variety of retail needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,079,716
    6.5%
    $3,765,892
    7%
    $3,496,900
  • Comparable approach

    Method
    Valuation
    Relative Method
    $5,399,885
    Geo Method
    $11,743,409
  • Alternative Use

    Use
    Valuation
    Residential
    $3,176,671
    Hospitality
    $2,909,814
    Educational
    $2,420,931
    Medical
    $2,504,190
    Retail
    $3,765,892
9187 Clairemont Mesa Blvd, San Diego, California

Location Insight

City
San Diego
County
San Diego
State
California
Latitude
32.8309
Longitude
-117.132
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
$109,357
$3,500,000
$5,400,000
$8,900,000
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-
-
-

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