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Property profile & analytics
OFF-MARKET
Estimated value
$1,535,000
Turn key restaurants
1545 Palm Ave San Diego, CA 92154-1017
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-7759420
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Total area
690 SF
Lot
0.5 ac (21,780 SF)
Zoning code
COMMERCIAL
APN
627-030-13-00
UPID
US09-7759420
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
-
Rally's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$1.54M
Owner & transaction history
Harper Circle LLC · 5 yrs held
Harper Circle LLC
since 2021
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+102.5%
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
$1,350,000
ML approach
$1,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,235,000
Change: +102% · Conversion: Easy
Blend value · Realmo final
$1.54M
Range $1.38M – $1.69M · ±10% · vs last sale $1.98M (Jun 30 2021)
Last sale anchor
$1.98M
Jun 30 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
$2,225 / 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
$22,918
Tax year 2024
Assessed value
$1,967,728
Assessed 2024
Previous assessed
$1,967,728
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,590,679
Assessed improvement
$377,049
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Heating
NONE
Units
1
Total area
690 SF
Lot
0.5 ac (21,780 SF)
Zoning code
COMMERCIAL
APN
627-030-13-00
UPID
US09-7759420
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.2M
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
Units
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Harper Circle LLC
Entity
Mailing address
PO BOX 5612, HUNTINGTN BCH, CA 92615-5612
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2021
—
Harper Circle LLC
Harper Circle LLC
Intrafamily Transfer
related
$1,240,000 · Sce FCU
Apr 28, 2015
$1,975,000
Harper Circle LLC
Nitahara LLC
Grant Deed
$987,500 · Sce FCU
May 27, 2014
$1,675,000
Nitahara LLC
Security Fse One-hundred & Eig
Grant Deed
—
Mar 4, 2014
—
Fse One-hundred Security
Gobar,brett D
Quit Claim Deed
—
Jan 28, 2008
—
Brett D Gobar
Gobar,brett D
Quit Claim Deed
related
—
Jun 27, 2005
—
Palm Bdg Trust
Gobar,brett
Quit Claim Deed
related
—
Jun 8, 2005
$3,950,000
Brett D Gobar
Crenshaw Brant Trust
Grant Deed
$730,000 · Standard Insurance Co
Jul 26, 2004
$10,950,000
Brant,crenshaw Tr
Raz Enterprises LLC
Grant Deed
$600,000 · North Island Financial Cu
Nov 26, 2003
—
Roya A Zade
—
Deed Of Trust
related
$6,250,000 · Cathay Bank
Sep 19, 2000
$5,500,000
Roya A Zade
—
Grant Deed
related
—
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
—
—
—
Nitahara LLC
—
Deed Of Trust
related
$600,000 · 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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