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Property profile & analytics
OFF-MARKET
Estimated value
$1,085,000
Industrial properties
10223 Prospect Ave Santee, CA 92071-4470
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9056354
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1991
Total area
6,968 SF
Lot
1.76 ac (76,515 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
384-180-11-02
UPID
US09-9056354
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
-
Vista Wine & Spirits Specialty Food Shop Wine and Liquor Store
-
Woodson Whiskey Bar & Pub
-
SFDW/ La Vista Warehouse Grocery & Convenience Store
-
Shop Le Portier Shay Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.09M
Owner & transaction history
3j Soro LLC · 7 yrs held
3j Soro LLC
since 2019
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Santee, 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 Santee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santee 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,225,000
7%
$1,140,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,695,000
Current use
Blend value · Realmo final
$1.09M
Range $977k – $1.19M · ±10%
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
$156 / 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
$14,757
Tax year 2024
Assessed value
$1,203,007
Assessed 2024
Previous assessed
$1,203,007
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$519,480
Assessed improvement
$683,527
Applied tax rate
16.0000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1991
Heating
NONE
Units
1
Total area
6,968 SF
Lot
1.76 ac (76,515 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
384-180-11-02
UPID
US09-9056354
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Santee, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Santee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Units
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
3j Soro LLC
Entity
Mailing address
1000 PARK PL, CORONADO, CA 92118-2822
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2019
$1,100,000
3j Soro LLC
Brighter Future Re & Consulting INC
Grant Deed
$825,000 · Wells Fargo Bank NA
May 7, 2015
—
Brighter Future Real Estate & Consu
Joshua Floyd
Grant Deed
$650,000 · Mountain America FCU
Feb 14, 2012
—
William E Floyd
Floyd,cathy
Quit Claim Deed
related
—
Feb 14, 2012
$699,000
Joshua Floyd
Weichelt Robert A Trust
Grant Deed
$559,200 · Weichelt Robert A Trust (pt)
Sep 6, 2006
—
Weichelt Robert A Trust
Weichelt,robert A
Quit Claim Deed
—
Mar 7, 1997
$42,000
Robert A Weichelt
Prim,donald C & Marcia B
Grant Deed
related
—
Dec 18, 1991
$533,000
Donald C Prim JR.
Coffee,p Michael
Grant Deed
$448,000 · Cuyamaca Bank
—
—
Weichelt Robert A Trust
—
Deed Of Trust
related
$205,000 · Community National Bank
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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