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Property profile & analytics
OFF-MARKET
Estimated value
$5,585,000
Apartment buildings
12606 Lakeshore Dr, Lakeside, CA 92040-3228
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9458604
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1979
Total area
27,676 SF
Lot
1.18 ac (51,400 SF)
Zoning code
COMMERCIAL
APN
394-064-17-00
UPID
US09-9458604
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
-
Villa Lakeshore Apartments Apartment Building
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.82M
CAP Approach
CAP
$7.08M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.59M
Owner & transaction history
Villa Lakeshore 2020 LP · 5 yrs held
Villa Lakeshore 2020 LP
since 2021
Last sale
$5.6M
5 recorded transactions
Zoning & alternative use
COMMERCIAL · Lakeside, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$9.1M
+4.9%
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 Lakeside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakeside 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
$5,305,000
ML approach
$5,820,000
CAP Approach
CAP Return
Estimation
6%
$7,665,000
6.5%
$7,075,000
7%
$6,570,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,715,000
Current use
RETAIL STORES
$9,140,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$5.59M
Range $5.03M – $6.14M · ±10% · vs last sale $5.61M (Feb 1 2021)
Last sale anchor
$5.61M
Feb 1 2021
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
$202 / 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
$26,413
Tax year 2024
Assessed value
$6,088,626
Assessed 2024
Previous assessed
$6,088,626
+0.0% YoY
Effective rate
0.43%
On assessed value
Assessed land
$2,454,573
Assessed improvement
$3,634,053
Applied tax rate
82.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1979
Heating
NONE
Units
34
Total area
27,676 SF
Lot
1.18 ac (51,400 SF)
Zoning code
COMMERCIAL
APN
394-064-17-00
UPID
US09-9458604
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Lakeside, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Lakeside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakeside. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.7M
RETAIL STORES
Est. value
$9.1M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
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
1979
Heating
NONE
Units
34
Lot
1.18 ac
Current owner
From public records · entity-resolved
Villa Lakeshore 2020 LP
Entity
Mailing address
1355 3RD AVE, CHULA VISTA, CA 91911-4302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2021
$5,610,000
Villa Lakeshore 2020 LP
Metropolitan Area Advisory Committe
Grant Deed
$1,611,986 · Metropolitan Area Advisory Committee
Jun 16, 2004
—
Metropolitan Area Advisory Com
—
Deed Of Trust
related
$1,000,000 · State Department Housing Ca
May 14, 2003
$3,650,000
Metropolitan Area Advisory Com
Foley Property Assets LLC
Grant Deed
$3,020,000 · Northern Trust Co
Oct 3, 2002
$2,700,000
Foley Property Assets INC
Goyal,nisha R
Grant Deed
related
$2,025,000 · California Bank & Trust
Dec 2, 1988
$1,500,000
Krishna K Goyal
Accountants Real
Grant Deed
$1,200,000 · Home Savings Of America
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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