Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,250,000
Turn key restaurants
10515 Msn Gorge Rd 19 Santee, CA 92071-3147
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6996192
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2008
Total area
1,728 SF
Lot
0.85 ac (37,026 SF)
Zoning code
COMMERCIAL
APN
384-091-75-00
UPID
US09-6996192
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
-
Sonic Drive-In Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.01M
Blend (final)
Blend
$2.25M
Owner & transaction history
Larkin Properties LLC · 3 yrs held
Larkin Properties LLC
since 2023
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Santee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+150.6%
Neighborhood: shopping center
$1.6M
+37.4%
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
$1,900,000
ML approach
$1,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,840,000
Change: +151% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,555,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$2.25M
Range $2.03M – $2.48M · ±10% · vs last sale $2.75M (May 11 2023)
Last sale anchor
$2.75M
May 11 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
$1,302 / 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
$35,331
Tax year 2024
Assessed value
$2,918,322
Assessed 2024
Previous assessed
$2,918,322
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$2,122,416
Assessed improvement
$795,906
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2008
Heating
NONE
Units
1
Total area
1,728 SF
Lot
0.85 ac (37,026 SF)
Zoning code
COMMERCIAL
APN
384-091-75-00
UPID
US09-6996192
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Santee, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · Santee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
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
2008
Heating
NONE
Units
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Larkin Properties LLC
Entity
Free & Clear · 3 yrs held
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
—
Larkin Properties LLC
Jerry Manpearl
Quit Claim Deed
related
—
Jul 23, 2020
$2,750,000
Jerry Manpearl
Advantaged Asset Acquisitions
Grant Deed
—
Jul 23, 2020
—
Jerry Manpearl
Jan Goodman
Deed
related
—
May 5, 2016
—
Sdisd-santee LLC
—
Deed
related
$15,359,000 · Western Alliance Bk
Jun 5, 2015
—
Sdisd-santee LLC
—
Deed Of Trust
related
$14,000,000 · Western Alliance Bk
Apr 14, 2010
—
Advantaged Asset Acquisition I
Tamberly Associates LLC
Grant Deed
related
—
Dec 10, 2009
—
Tamberly Associates LLC
Tamberly Associates LLC
Grant Deed
related
$900,000 · Torrey Pines Bank
Feb 5, 2009
—
D & M Investment Partners INC
—
Trustees Deed
related
$1,655,500 · Wells Fargo Bk/tx
—
—
Advantaged Asset Acquisitions
—
Loan Modification
related
$1,575,000 · Western Alliance Bk
—
—
Advantaged Asset Acquisitions
—
Loan Modification
related
—
—
—
Sdisd-santee LLC
—
Deed Of Trust
related
$3,100,000 · Mutual/omaha Bk
—
—
Sdisd-santee LLC
—
Loan Modification
related
$15,359,000 · Western Alliance Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 10515 Msn Gorge Rd, Unit 19?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
