3434 Midway DrSan Diego, CA 92110

Property Details for 3434 Midway Dr

Year built

1993

Lot size

0.85 AC

Property size (Sq ft)

26,500 SF

Zone code

COMMERCIAL

Property type

Medical offices

Property subtype

Medical centers

APN

441-650-22-00

APU

4416502200

Description

This exceptional medical coworking opportunity is located in a newly renovated two-story medical building at 3434 Midway Dr, San Diego, CA 92110, within San Diego County. The property offers a total of 5,567 square feet of space, with one suite currently available. The building features a first-floor surgery center and a well-equipped second floor. The available space includes seven exam rooms, a procedure room, two doctor's offices, and a dedicated physical therapy area. Ample waiting and reception areas are also provided. Currently, a large pain management practice occupies a portion of the building. Flexible leasing options are available, including long-term and short-term leases, catering to various needs. A unique feature is the per diem rental option for exam rooms, priced at $150 per room per weekday. The entire office space is available for rent on Mondays, presenting a cost-effective solution for establishing a new medical practice location or expanding an existing one. This property presents a rare opportunity to secure a well-appointed medical office space in a thriving San Diego location.

• CAP approach

  CAP return

  Valuation

  6%

  $6,295,470

  6.5%

  $5,811,200

  7%

  $5,396,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,288,860

  Geo Method

  $9,327,200

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $11,860,400

  Retail / Commercial

  $5,999,830

  Mixed-Use / Specialty

  $5,913,730

  Hospitality / Lodging

  $4,254,470

  Institutional / Educational

  $6,124,770

  Residential Income

  $7,165,980

  Multifamily

  $8,953,210

  Automotive / Energy

  $5,249,800

  Parking / Income-Based Land

  $1,875,570

  Restaurant / Food Service

  $2,937,680

  Healthcare / Senior Housing

  $6,130,780

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.751

Longitude

-117.212

CBSA code

41740

CBSA name

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

Property Tax & Assessments

FAQs

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