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Property profile & analytics
OFF-MARKET
Estimated value
$2,490,000
Medical Office Space
1049 Msn Rd San Marcos, CA 92069-3014
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6841862
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1960
Total area
2,152 SF
Lot
1.78 ac (77,536 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
226-071-05-00
UPID
US09-6841862
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
-
Petville Pet Hotel Kennel & Boarding Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.58M
Blend (final)
Blend
$2.49M
Owner & transaction history
Milind Joshi · 2 yrs held
Milind Joshi
since 2024
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.5M
+246.2%
Neighborhood: shopping center
$1.9M
+89.9%
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 San Marcos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Marcos 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
$2,490,000
ML approach
$2,490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,535,000
Change: +246% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,940,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$2.49M
Range $2.24M – $2.74M · ±10% · vs last sale $2.49M (Jan 18 2024)
Last sale anchor
$2.49M
Jan 18 2024
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
$1,157 / 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
$16,629
Tax year 2024
Assessed value
$1,490,254
Assessed 2024
Previous assessed
$1,490,254
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,249,895
Assessed improvement
$240,359
Applied tax rate
13.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1960
Heating
NONE
Units
1
Total area
2,152 SF
Lot
1.78 ac (77,536 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
226-071-05-00
UPID
US09-6841862
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · San Marcos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Marcos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1960
Heating
NONE
Units
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Milind Joshi
Individual
Mailing address
24215 SPRINGWOOD DR, DIAMOND BAR, CA 91765-4323
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2024
—
Milind Joshi
Milind C Joshi
Intrafamily Transfer
related
—
Dec 27, 2023
$2,490,000
Lucky Us Holdings LLC
Milind C Joshi
Grant Deed
—
Nov 12, 2013
$1,024,500
Milind C Joshi
Petville LLC
Grant Deed
$1,134,258 · Petville LLC
Apr 14, 2008
—
J V Falconmoor
Lockwood,james
Quit Claim Deed
related
—
Jul 8, 1991
—
Jennifer Dba Falcon Perkins
Unknown
Grant Deed
related
—
Sep 1, 1989
$50,000
Kelton K Perkins
Arpple INC
Grant Deed
related
—
—
—
Falconmoor
—
Deed Of Trust
related
$250,000 · James Lockwood
—
—
J V Falconmoor
—
Deed Of Trust
related
$587,111 · Capital Bank NA
—
—
Meda J Glover
—
Deed Of Trust
related
$32,000 · Southwest 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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