7740 Formula PlSan Diego, CA 92121

Property Details for 7740 Formula Pl

Year built

1981

Lot size

0.21 AC

Property size (Sq ft)

9,200 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Manufacturing properties

APN

343-210-29-00

APU

3432102900

Description

This exceptional 9,300-square-foot warehouse, located at 7740 Formula Place in San Diego, California, presents a significant opportunity for lease. Situated on a 0.21-acre lot in the 92121 zip code, this industrial property boasts a multitude of desirable features. Built in 1982, the warehouse offers a generous 16-foot ceiling height, providing ample vertical space for storage or operational needs. The entire 9,300 square feet is currently vacant, allowing for complete customization to suit a tenant's specific requirements. Parking is available at a ratio of 1.5 spaces per 1,000 square feet. The property is zoned IL-3-1 within San Diego County, offering flexibility for various industrial uses. This prime location in San Diego offers easy access to major transportation routes, enhancing logistical efficiency for any business. The property is ready for immediate occupancy, making it an ideal solution for companies seeking a functional and strategically located warehouse space. Contact us today to schedule a viewing and explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $4,460,700

  6.5%

  $4,117,560

  7%

  $3,823,450

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,382,340

  Geo Method

  $5,181,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,082,960

  Mixed-Use / Specialty

  $2,053,070

  Hospitality / Lodging

  $1,477,020

  Office

  $2,017,470

  Institutional / Educational

  $2,126,340

  Residential Income

  $2,487,810

  Multifamily

  $3,108,290

  Automotive / Energy

  $1,822,570

  Parking / Income-Based Land

  $651,142

  Restaurant / Food Service

  $1,019,870

  Healthcare / Senior Housing

  $2,128,420

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.8885

Longitude

-117.154

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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