1140 Main St Ramona, CA 92065-2142
Property profile & analytics
1140 Main St Ramona, CA 92065-2142
- Retail space
- 15,200 SF
- 0.16 lot acres
Property ID
US09-9878803
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Hardie Orthodontics Ramona / Dental Office
- iFixed Ramona / Mobile Phone Store / Electronics & Wireless Store
- Poortinga, Schwartz & Associates, Inc. / Tax Preparation
- Sofie's Pita / Restaurant
- HOLD STRONG LOGISTICS / Freight Service / Logistics Company
Property Details for 1140 Main St
- Lot size
- 0.16 lot acres
- Property size
- 15,200 SF
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 281-232-15-00
- APU
- 2812321500
Description
Ramona Plaza, a well-maintained Class C shopping center in Ramona, CA, presents a compelling investment opportunity. This 15,500 square foot, multi-tenant property boasts 97% occupancy (as of October 1, 2024) with 13 units spread across a two-story building on a 0.16-acre lot. Located at 1140 Main St, 92065, this prime location on Highway 67 benefits from high traffic volume. The property features 32 parking spaces and is zoned C36. Built in 1984 with ongoing renovations, including newer HVAC systems and a recently updated roof, Ramona Plaza offers a mix of retail and professional office tenants. The current owner is actively working on landscaping improvements. The property is offered fee simple with a net lease structure and allows for 1031 exchange. The asking price is $4,500,000, representing a 3.04% cap rate and a price per square foot of $290.32. The Net Operating Income (NOI) is $137,244. The potential for increased profitability exists through converting some month-to-month tenants into longer-term leases. This busy center, anchored by a restaurant and other professional offices, is ready for new ownership. The property's APN is 281-232-15-00. Rent bumps are included in the lease agreements.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,980,000
- 6.5%
- $3,675,000
- 7%
- $3,410,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,047,000
- AI Estimate
- $2,299,000
Market price range: $2.01M - $5.29MMarket price range: $1.08M - $3.52M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,825,000 Current use
- OFFICE BUILDING
- $5,480,000 Change: +43% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $4,785,000 Change: +25% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Ramona
- County
- San Diego
- State
- California
- Longitude
- -116.871
- Latitude
- 33.0404
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$43,601
$191,304
$2,879,137
$3,070,441
-
$0.00
$0.00
$0.00
