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Property profile & analytics
OFF-MARKET
Estimated value
$1,165,000
Specialty properties
10535 Heater Ct San Diego, CA 92121-4111
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-8674264
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Total area
47,397 SF
Lot
4.12 ac (179,467 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
311-450-22-00
UPID
US09-8674264
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
-
LA Fitness Gym & Fitness Center
-
L & F CAFE Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Main Street Swim School: Sorrento Valley Swimming School Baby Swimming School
-
Amazon Hub Locker - Lieu Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.17M
Owner & transaction history
Nmsbpcsldhb · 2 yrs held
Nmsbpcsldhb
since 2023
6 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, 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 San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$25 / 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
$106,396
Tax year 2024
Assessed value
$8,602,137
Assessed 2024
Previous assessed
$8,602,137
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$3,858,137
Assessed improvement
$4,744,000
Applied tax rate
8.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Heating
NONE
Units
1
Total area
47,397 SF
Lot
4.12 ac (179,467 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
311-450-22-00
UPID
US09-8674264
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
4.12 ac
Current owner
From public records · entity-resolved
Nmsbpcsldhb
Individual
Mailing address
PO BOX 2460, SARATOGA, CA 95070-0460
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2023
—
Nmsbpcsldhb
Lusk Lot 1 Nmsb LLC
Grant Deed
$600,000 · Symetra Life Insurance Co
Sep 30, 2013
—
Lusk Lot 1 Nmsb LLC
Nmsbpcsldhb
Grant Deed
$9,250,000 · Ubs Real Erstate Securities INC
Apr 22, 1997
$1,527,000
Nmsbpcsldhb
Mcmahon/oliphant Properties In
Grant Deed
—
Aug 16, 1996
$1,123,000
Oliphant Properties In Mcmahon
Lusk-smith/mira Mesa North
Grant Deed
$561,000 · Grossmont Bank
—
—
Nmsbpcsldhb
—
Deed Of Trust
related
$11,829,552 · Intervest Mortgage Co LLC
—
—
Nmsbpcsldhb
—
Deed Of Trust
related
$6,775,000 · First Bank Beverly Hills
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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