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Property profile & analytics
OFF-MARKET
Estimated value
$2,565,000
Manufacturing properties
1315 Walnut St Ramona, CA 92065-1840
Individually Owned
4-yr Hold
Free & Clear
Property ID
US09-9901318
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Total area
1,700 SF
Lot
0.5 ac (21,780 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
281-121-34-00
UPID
US09-9901318
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
-
Accurate Underground & Grading General Contractor Construction Company
-
Aspin Well Drilling Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.61M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.57M
Owner & transaction history
Michael G Tobiason · 4 yrs held
Michael G Tobiason
since 2022
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Ramona, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+502.9%
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 Ramona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ramona 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
$2,585,000
ML approach
$2,610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,795,000
Change: +503% · Conversion: Difficult
Blend value · Realmo final
$2.57M
Range $2.31M – $2.82M · ±10% · vs last sale $2.53M (Nov 16 2021)
Last sale anchor
$2.53M
Nov 16 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
$1,509 / 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
$5,068
Tax year 2024
Assessed value
$475,857
Assessed 2024
Previous assessed
$475,857
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$470,655
Assessed improvement
$5,202
Applied tax rate
65.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1990
Heating
NONE
Total area
1,700 SF
Lot
0.5 ac (21,780 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
281-121-34-00
UPID
US09-9901318
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Ramona, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Ramona, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ramona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.8M
COMMERCIAL (GENERAL)
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
1990
Heating
NONE
Lot
0.5 ac
Current owner
From public records · entity-resolved
Michael G Tobiason
Individual
Free & Clear · 4 yrs held
Mailing address
1315 WALNUT ST, RAMONA, CA 92065-1840
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2022
$234,000
Michael G Tobiason
Sandra J Tobiason
Grant Deed
related
—
Nov 16, 2021
$2,532,500
Jemco Equipment Corp
Sandra J Tobiason
Grant Deed
—
Oct 5, 2021
—
Michael G Tobiason
Tobiason Angus & Sally Rlt
Intrafamily Transfer
related
—
Jul 30, 2021
—
Michael G Tobiason
Angus Tobiason
Grant Deed
related
—
Mar 10, 2020
—
Tobiason Family Trust
Arthur Tobiason
Quit Claim Deed
related
—
Jul 1, 2019
—
Tobiason,angus & Sally L Trust
Tobiason,sally
Affidavit Of Death
related
—
Aug 12, 2016
—
Sally Tobiason
Tobiason,angus G
Affidavit Of Death
related
—
Aug 1, 2016
—
Sally Tobiason
Tobiason,angus G
Affidavit Of Death
related
—
Jul 8, 2016
—
Angus Tobiason
Tobiason Brothers
Quit Claim Deed
related
—
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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