7696 Formula PlSan Diego, CA 92121

Property Details for 7696 Formula Pl

Year built

1980

Lot size

0.79 AC

Property size (Sq ft)

15,805 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Manufacturing properties

APN

343-210-23-00

APU

3432102300

Description

This exceptional 15,825-square-foot industrial property, located at 7696 Formula Place in San Diego's Miramar submarket (zip code 92121), presents a compelling opportunity. The single-story building offers a flexible layout ideal for a variety of uses, combining warehouse and flex space. The warehouse area comprises approximately 85% of the total square footage, featuring a grade-level loading door and efficient floor drains. The remaining 15% is dedicated to office space. The high ceilings, measuring 15 feet clear, provide ample vertical space for storage or equipment. The property's convenient location within the Miramar submarket offers easy access to major transportation routes and other key amenities. Two restrooms are included within the building. This property is perfect for businesses seeking a functional and well-situated industrial space in a thriving San Diego neighborhood. The property is classified as a single-tenant building. The property type is industrial, with a subtype of flex and warehouse.

• CAP approach

  CAP return

  Valuation

  6%

  $7,663,180

  6.5%

  $7,073,710

  7%

  $6,568,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,092,710

  Geo Method

  $8,900,620

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $3,578,390

  Mixed-Use / Specialty

  $3,527,040

  Hospitality / Lodging

  $2,537,430

  Office

  $3,465,890

  Institutional / Educational

  $3,652,910

  Residential Income

  $4,273,900

  Multifamily

  $5,339,830

  Automotive / Energy

  $3,131,060

  Parking / Income-Based Land

  $1,118,620

  Restaurant / Food Service

  $1,752,080

  Healthcare / Senior Housing

  $3,656,490

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.8882

Longitude

-117.156

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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