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Property profile & analytics
FOR LEASE
Office buildings
12121 Scripps Summit Dr San Diego, CA 92131
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8844439
For Lease
$3,780,000
12121 Scripps Summit Dr, San Diego, CA 92131
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2006
Total area
9,999 SF
Lot
1.35 ac (58,806 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
316-330-13-00
UPID
US09-8844439
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
-
National Pen Marketing & Advertising
-
Siemens Engineer Engineering Consultant
-
DeepSeas IT Consulting Firm Tech Support Center
-
Exchange Resources, Inc. Real Estate Agency
-
Infineon Technologies Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.17M
Comparable Approach
Comparable
$4.12M
Blend (final)
Blend
$3.78M
Owner & transaction history
Sct Northridge LLC · 11 yrs held
Sct Northridge LLC
since 2014
6 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.8M
+38.0%
Retail stores
$4.8M
+14.0%
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%
$3,430,000
6.5%
$3,170,000
7%
$2,940,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,220,000
Current use
MEDICAL BUILDING
$5,820,000
Change: +38% · Conversion: Easy
RETAIL STORES
$4,810,000
Change: +14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$4,020,000
Change: -5% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,855,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$3.78M
Range $3.40M – $4.16M · ±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
$378 / 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
$369,980
Tax year 2024
Assessed value
$32,756,314
Assessed 2024
Previous assessed
$32,756,314
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,710,051
Assessed improvement
$30,046,263
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2006
Heating
NONE
Units
1
Total area
9,999 SF
Lot
1.35 ac (58,806 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
316-330-13-00
UPID
US09-8844439
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.0M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING Current
MEDICAL BUILDING
RETAIL STORES
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2006
Heating
NONE
Units
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Sct Northridge LLC
Entity
Free & Clear · 11 yrs held
Mailing address
1 ML POND LN, SIMSBURY, CT 06070-5408
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Dec 16, 2014
$40,000,000
Sct Northridge LLC
Aslan III Northridge LP
Grant Deed
—
Jun 29, 2010
—
Transwestern Northridge LP
—
Deed Of Trust
related
$32,000,000 · Wells Fargo Bank
Dec 5, 2006
—
Transwestern Northridge
L P Scripps Northridge LLC
Grant Deed
—
Jun 19, 2006
—
Lankford 818 K LLC
LP Scripps Northridge LLC
Grant Deed
—
Dec 28, 2004
—
L P Scripps Northridge LLC
Kearny Scripps LLC
Grant Deed
related
—
Apr 21, 1998
$8,520,000
Kearny Scripps LLC
Curry Trust
Grant Deed
—
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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