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Property profile & analytics
OFF-MARKET
Estimated value
$2,340,000
Warehouses
10969 Wheatlands Ave Santee, CA 92071-5619
Trust Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9126322
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
14,768 SF
Lot
1 ac (43,560 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
381-540-13-00
UPID
US09-9126322
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
-
RISE Physical Therapy Medical Clinic
-
Sparky's Transmissions Auto Repair Shop
-
Vehicle Calibration Services Auto Repair Shop
-
CrossFit Fortius East Gym & Fitness Center
-
NTG Racing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.16M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$2.34M
Owner & transaction history
Randel,michele L 2015 Trust · 11 yrs held
Randel,michele L 2015 Trust
since 2015
6 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%
$3,420,000
6.5%
$3,155,000
7%
$2,930,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,780,000
Current use
Blend value · Realmo final
$2.34M
Range $2.11M – $2.57M · ±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
$158 / 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
$24,905
Tax year 2024
Assessed value
$2,058,894
Assessed 2024
Previous assessed
$2,058,894
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$851,955
Assessed improvement
$1,206,939
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
NONE
Total area
14,768 SF
Lot
1 ac (43,560 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
381-540-13-00
UPID
US09-9126322
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Santee, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
WAREHOUSE, STORAGE 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
1987
Heating
NONE
Lot
1 ac
Current owner
From public records · entity-resolved
Randel,michele L 2015 Trust
Trust
Free & Clear · 11 yrs held
Mailing address
3337 E VICTORIA DR, ALPINE, CA 91901-3684
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Mar 16, 2026
—
Michele L Randel Trust
—
Deed
related
$850,000 · California FCU
May 10, 2018
—
Randel,michele L 2015 Trust
—
Deed
related
$750,000 · Calprivate Bank
Feb 26, 2015
—
Randel,michele L 2015 Trust
Randel Michele L
Quit Claim Deed
related
—
May 20, 2013
—
Michele L Randel
Randel,gerald W
Quit Claim Deed
related
$745,000 · Provident Savings Bank
May 15, 2003
$1,450,000
Gerald W Randel
M House Family LP
Grant Deed
$942,500 · Zions First National Bank
—
—
Randel,michele L 2015 Trust
—
Deed Of Trust
related
$750,000 · Calprivate 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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