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Property profile & analytics
OFF-MARKET
Estimated value
$2,225,000
Warehouses
1230 Simpson Way Escondido, CA 92029-1406
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9214928
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
7,099 SF
Lot
0.29 ac (12,828 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
232-061-26-00
UPID
US09-9214928
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
-
1230 Simpson Way Building
-
Marky Sparky Inc Industrial Manufacturer Production Facility
-
Marky Sparky Toys Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.42M
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$2.23M
Owner & transaction history
Black Falcon Capital INC · 3 yrs held
Black Falcon Capital INC
since 2023
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.7M
+23.6%
Office building
$2.6M
+16.7%
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 Escondido submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Escondido 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
$2,695,000
ML approach
$2,420,000
CAP Approach
CAP Return
Estimation
6%
$1,585,000
6.5%
$1,465,000
7%
$1,360,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,195,000
Current use
AUTO REPAIR, GARAGE
$2,710,000
Change: +24% · Conversion: Easy
OFFICE BUILDING
$2,560,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$2,160,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10% · vs last sale $2.13M (May 17 2023)
Last sale anchor
$2.13M
May 17 2023
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
$313 / 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
$24,730
Tax year 2024
Assessed value
$2,167,500
Assessed 2024
Previous assessed
$2,167,500
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,122,000
Assessed improvement
$1,045,500
Applied tax rate
4.0000
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
1980
Heating
NONE
Units
1
Total area
7,099 SF
Lot
0.29 ac (12,828 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
232-061-26-00
UPID
US09-9214928
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Escondido, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Escondido. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
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
1980
Heating
NONE
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Black Falcon Capital INC
Entity
Mailing address
3425 5TH AVE, SAN DIEGO, CA 92103-5018
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2023
$2,125,000
Black Falcon Capital INC
Mark J Rappaport
Grant Deed
$1,912,200 · Mufg Union Bank NA
Oct 22, 2020
—
Mark J Rappaport
—
Deed
related
$650,000 · Banc Of California NA
Jul 16, 2015
$810,000
Mark J Rappaport
1230 Holdings LLC
Grant Deed
$335,000 · California Statewide Certified Deve
Dec 4, 2014
—
1230 Holdings LLC
Dokmo Harold B JR Trust
Quit Claim Deed
related
—
Jun 24, 1996
$330,000
Dm Erickson Construction Co
Dokmo Trust
Grant Deed
related
$282,750 · North County Bank
Feb 2, 1996
$330,000
Dokmo Trust
Kahn Trust
Grant Deed
—
Jul 1, 1991
$42,000
Kahn Trust
Greco Trust
Grant Deed
related
—
Jun 1, 1990
$448,000
Est Properties
Knowles Rupert N
Grant Deed
$111,000 · Tokai Bank California
Jan 20, 1989
$378,000
Rupert N Knowles
E S T Properties
Grant Deed
$283,500 · Palomar Savings & Loan
Oct 26, 1988
—
Edward F Greco
Greco Frances M
Quit Claim Deed
related
—
Oct 26, 1988
$280,000
E S T Properties
Greco Edward F
Trustees Deed
$224,000 · Tokai Bank California
—
—
Kahn Trust
—
Deed Of Trust
related
$241,499 · Tokai Bank California
—
—
Mark J Rappaport
—
Deed Of Trust
related
$405,000 · 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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