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Property profile & analytics
FOR LEASE
Strip malls
1515 Palm Ave San Diego, CA 92154
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-8542044
For Lease
1 / 5
$3,895,000
1515 Palm Ave, San Diego, CA 92154
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Total area
33,910 SF
Lot
2.43 ac (105,850 SF)
Zoning code
COMMERCIAL
APN
627-030-09-00
UPID
US09-8542044
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
-
Express Pawn Shop Discount Store (Bike/Boat/Book/etc) Store
-
Boba Blends Restaurant
-
Ofczianka Winery Specialty Food Shop Wine and Liquor Store
-
Molina Arturo Counselor
-
Inner Visions (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.90M
Owner & transaction history
Bc LLC · 8 yrs held
Bc LLC
since 2017
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$115 / 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
$108,954
Tax year 2024
Assessed value
$9,360,774
Assessed 2024
Previous assessed
$9,360,774
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$4,665,097
Assessed improvement
$4,695,677
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
1989
Heating
NONE
Units
1
Total area
33,910 SF
Lot
2.43 ac (105,850 SF)
Zoning code
COMMERCIAL
APN
627-030-09-00
UPID
US09-8542044
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
1989
Heating
NONE
Units
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
Bc LLC
Entity
Mailing address
PO BOX 4380, KETCHUM, ID 83340-4380
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2017
—
Bc LLC
Diversified Properties
Quit Claim Deed
$4,500,000 · Miscellaneous Ins Co
Oct 18, 2016
$8,100,000
Diversified Properties
Lorah Family Trust
Grant Deed
$4,500,000 · Miscellaneous Ins Co
Oct 18, 2016
—
Nancy S Borrelli
Borrelli,alfred
Quit Claim Deed
related
—
Jul 26, 2004
$7,950,000
Lorah,tr
Raz Enterprises LLC
Grant Deed
$5,950,000 · San Diego County Cu
Dec 19, 2003
—
Raz Enterprises LLC
Zade,roya A
Quit Claim Deed
related
—
Sep 19, 2000
$5,500,000
Roya A Zade
Sc Fund Vi Properties LP
Grant Deed
$3,900,000 · People Bank California
Mar 7, 1995
$5,000,000
Bay City Plaza L L C
Bay City Plaza
Trustees Deed
related
—
Sep 21, 1990
$1,350,000
Bay City Plaza
16 Palms
Quit Claim Deed
related
—
Sep 21, 1990
$650,000
Bay City Plaza
16 Palms
Trustees Deed
$5,250,000 · Bank Of California
Sep 21, 1990
$2,000,000
Bay City Plaza
Loustalet Edward
Trustees Deed
related
—
—
—
Roya A Zade
—
Deed Of Trust
related
$6,250,000 · Cathay Bank
—
—
Ahmad Zarei
—
Deed Of Trust
related
$500,000 · Nona Investment LP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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