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Property profile & analytics
OFF-MARKET
Estimated value
$2,970,000
Community centers
1240 Plz Blvd National City, CA 91950-3634
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9565321
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1985
Total area
8,500 SF
Lot
0.87 ac (37,897 SF)
Zoning code
COMMERCIAL
APN
557-322-10-00
UPID
US09-9565321
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
-
Dickie's Clothing Store
-
Traveling Stories Charitable Organization Social Service Agency
-
United States Wholesale Inc. Business To Business Service
-
Yes Legal Consultant
-
ELIMU Is Power Inc Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.97M
Owner & transaction history
South Bay Plaza LP · 8 yrs held
South Bay Plaza LP
since 2017
7 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, 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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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%
$3,700,000
6.5%
$3,415,000
7%
$3,175,000
Blend value · Realmo final
$2.97M
Range $2.67M – $3.27M · ±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
$349 / 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
$28,726
Tax year 2024
Assessed value
$1,774,197
Assessed 2024
Previous assessed
$1,774,197
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$905,203
Assessed improvement
$868,994
Applied tax rate
6.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1985
Heating
NONE
Total area
8,500 SF
Lot
0.87 ac (37,897 SF)
Zoning code
COMMERCIAL
APN
557-322-10-00
UPID
US09-9565321
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · National City, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Lot
0.87 ac
Current owner
From public records · entity-resolved
South Bay Plaza LP
Entity
Mailing address
14023 CAMINITO VISTANA, SAN DIEGO, CA 92130-3720
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2022
—
South Bay Plaza LP
—
Deed
related
$10,000,000 · Mission FCU
Dec 28, 2017
—
South Bay Plaza LP
Oakmont Management LLC
Quit Claim Deed
—
Jun 29, 2012
—
South Bay Plaza LLC
East Plaza Blvd Land Trust
Quit Claim Deed
related
—
Feb 10, 2011
—
East Plaza Blvd Land Trust
South Bay Plaza LLC
Quit Claim Deed
related
—
Dec 15, 2003
—
South Bay Plaza LLC
Salameh,john Y
Quit Claim Deed
related
—
Jun 16, 1988
$6,000,000
Serranos Vil Los
Arpple INC
Trustees Deed
—
Jun 16, 1988
$1,750,000
Arpple INC
South Bay Plaza
Trustees Deed
related
—
—
—
South Bay Plaza LLC
—
Deed Of Trust
related
$7,000,000 · California Bk&tr
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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