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Property profile & analytics
OFF-MARKET
Estimated value
$2,945,000
Warehouses
10730 Thornmint Rd, San Diego, CA 92127-2700
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9622594
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
17,692 SF
Lot
1.06 ac (46,173 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
678-292-22-00
UPID
US09-9622594
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
-
Leidos, Inc. Engineering Consultant
-
Cassida Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Michael S Summers · 19 yrs held
Michael S Summers
since 2006
7 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,235,000
6.5%
$3,910,000
7%
$3,630,000
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±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
$166 / 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
$45,354
Tax year 2024
Assessed value
$3,717,956
Assessed 2024
Previous assessed
$3,717,956
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,707,461
Assessed improvement
$2,010,495
Applied tax rate
64.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
NONE
Units
1
Total area
17,692 SF
Lot
1.06 ac (46,173 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
678-292-22-00
UPID
US09-9622594
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
Year built
1998
Heating
NONE
Units
1
Lot
1.06 ac
Current owner
From public records · entity-resolved
Michael S Summers
Individual
Mailing address
6524 FREMONT CIR, HUNTINGTN BCH, CA 92648-6637
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
—
Michael S Summers
—
Deed
related
$5,115,000 · Jp Morgan Chase Bk
Aug 18, 2006
—
Michael S Summers
Summers,alisa A
Quit Claim Deed
related
—
Aug 18, 2006
$2,831,000
Michael S Summers
Rosestone Properties
Grant Deed
$2,120,000 · Torrey Pines Bank
Feb 11, 2004
—
Surfstone LLC
Raymond,tr
Grant Deed
related
—
Dec 12, 2003
$875,000
Encore Group INC
11677 Santa Monica LLC
Grant Deed
—
Dec 12, 2003
—
10730 Thormint LLC
Encore Group INC
Quit Claim Deed
related
—
Dec 12, 2003
$1,750,500
Encore Group INC
Cmac Enterprises LLC
Grant Deed
—
Dec 12, 2003
$1,000,000
Encore Group INC
Dethloff,tr
Grant Deed
—
Dec 12, 2003
$5,500,000
Rosestone Properties LP
Encore Group INC
Trustees Deed
$4,125,000 · North Island Financial Cu
Jul 30, 2001
—
10730 Thornmint LLC
—
Deed Of Trust
related
$2,750,000 · Wells Fargo Bank
Dec 30, 1998
—
—
Eco-soil Systems INC,
Grant Deed
related
—
Oct 9, 1998
—
Eco Soil Systems INC
—
Grant Deed
related
$3,500,000 · Provident Bank INC Trustee
Aug 16, 1991
$9,532,603
Mcdlf Holding Co
Unknown
Grant Deed
—
—
—
Michael S Summers
—
Deed Of Trust
related
$1,827,000 · California Bank & Trust
—
—
Michael S Summers
—
Deed Of Trust
related
$5,115,000 · Jp Morgan Chase 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.
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