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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
1463 Palm Ave San Diego, CA 92154-1015
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8542055
Property summary
AI-generated overview
This exceptional 56,272 square foot commercial land parcel, located at 1463 Palm Avenue in Imperial Beach, CA 92154, presents a unique short-term lease opportunity. Ideally suited for a contractor's yard, RV/boat storage, or car sales, this property boasts a prime location with convenient access to Interstate 5 and an abundance of nearby retail amenities including Home Depot, Walmart, Costco, Vons, and a UPS Store. The property is zoned CC-4-2, ensuring flexibility for various commercial uses. Security features include a secured fence with a gate, providing peace of mind for tenants. The gross lease rate is $6,500 per month, and a short-term lease is preferred. The property is available for occupancy in September 2024. High-quality marketing materials and professional photos will be available soon. This is an excellent opportunity to secure a well-located, secure, and versatile commercial property in a thriving area. Don't miss out on this chance to establish your business in a highly desirable Imperial Beach submarket.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1955
Total area
5,096 SF
Lot
1.6 ac (69,696 SF)
Zoning code
COMMERCIAL
APN
627-022-01-00
UPID
US09-8542055
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
-
South Bay Lounge Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.04M
Owner & transaction history
Imperial Beach Palm Avenue LP · 3 yrs held
Imperial Beach Palm Avenue LP
since 2023
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, 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 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
$635,000
CAP Approach
CAP Return
Estimation
6%
$1,335,000
6.5%
$1,230,000
7%
$1,145,000
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±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
$203 / 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
$27,355
Tax year 2024
Assessed value
$2,346,000
Assessed 2024
Previous assessed
$2,346,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,142,000
Assessed improvement
$204,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1955
Heating
NONE
Units
1
Total area
5,096 SF
Lot
1.6 ac (69,696 SF)
Zoning code
COMMERCIAL
APN
627-022-01-00
UPID
US09-8542055
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Units
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Imperial Beach Palm Avenue LP
Entity
Free & Clear · 3 yrs held
Mailing address
4607 MSN GORGE PL, SAN DIEGO, CA 92120-4133
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
Imperial Beach Palm Avenue LP
Jill R Caster
Correction Deed
related
—
Nov 7, 2022
—
Imperial Beach Palm Avenue LP
Jill R Caster
Grant Deed
—
Dec 23, 2021
—
Jill R Caster
Jill R Caster
Intrafamily Transfer
related
—
Aug 11, 2020
—
Bailey,jill Trust
Jill R Bailey
Quit Claim Deed
related
—
Jun 29, 2020
—
Jill R Bailey
Brad S Bailey
Quit Claim Deed
related
—
Jul 5, 2017
$1,900,000
Bailey Family Trust
Mohler Family Trust
Grant Deed
—
Feb 9, 2017
—
Mohler Family Trust
Mohler Trust
Quit Claim Deed
related
—
Dec 29, 2010
—
Mohler Trust
Mohler Earl Trust
Quit Claim Deed
related
—
Jan 28, 2010
—
Mohler Family Trust
Mohler Family Trust
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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