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Property profile & analytics
OFF-MARKET
Estimated value
$9,285,000
Turn key restaurants
1002 Msn Ave Oceanside, CA 92054-2843
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8346686
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Total area
2,723 SF
Lot
0.34 ac (14,632 SF)
Zoning code
COMMERCIAL
APN
147-231-01-00
UPID
US09-8346686
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Wendy's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.29M
Owner & transaction history
Melrose Oceanside Apartments LLC · 2 yrs held
Melrose Oceanside Apartments LLC
since 2023
Last sale
$13.0M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Oceanside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oceanside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oceanside submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,980,000
ML approach
$8,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.29M
Range $8.36M – $10.21M · ±10% · vs last sale $13.00M (Dec 15 2023)
Last sale anchor
$13.00M
Dec 15 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$3,410 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$29,268
Tax year 2024
Assessed value
$2,594,102
Assessed 2024
Previous assessed
$2,594,102
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,018,590
Assessed improvement
$1,575,512
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Heating
NONE
Units
1
Total area
2,723 SF
Lot
0.34 ac (14,632 SF)
Zoning code
COMMERCIAL
APN
147-231-01-00
UPID
US09-8346686
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Oceanside, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Oceanside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oceanside. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Melrose Oceanside Apartments LLC
Entity
Free & Clear · 2 yrs held
Mailing address
320 LA JOLLA VLG DR, SAN DIEGO, CA 92122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
$13,000,000
Melrose Oceanside Apartments LLC
Walmart INC
Grant Deed
—
Aug 15, 2019
$37,000,000
Monro-mission Square LLC
Ona Mission Partners LP
Grant Deed
$22,200,000 · Miscellaneous Ins Co
Sep 26, 2014
—
James H Gosnell
Gosnell,kerri
Quit Claim Deed
related
—
Dec 10, 2010
—
Ona Mission Partners LP
—
Deed Of Trust
related
$15,750,000 · Bank Of America
Dec 20, 2005
—
Ona Mission Partners
Summit Real Estate Invs LLC
Grant Deed
—
Apr 6, 2004
—
Ona Mission Partners LP
M & H Realty Partners II LP
Grant Deed
$11,000,000 · Bank Of America
Jul 3, 1995
$7,500,000
M LP
Oceanside Retail Associates
Trustees Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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