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Property profile & analytics
OFF-MARKET
Estimated value
$18,000,000
Super regional malls
1555 Camino De La Reina San Diego, CA 92108-1501
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7808481
Property summary
AI-generated overview
This exceptional 185,051-square-foot retail storefront, formerly a Macy's, presents a significant redevelopment opportunity. Located at 1555 Camino De La Reina in San Diego, CA 92108, this three-story building, constructed in 1975, is part of the Westfield Mission Valley mall. The property benefits from a high-traffic location within a thriving retail node, situated between SR-163 (197,429 vehicles per day) and I-805 (217,997 vehicles per day) freeways, ensuring excellent accessibility. The surrounding area boasts superior demographics and high-density multifamily housing within a one-mile radius. This location offers high barriers to entry and is situated within a highly desirable Complete Communities designation. The property's size and prime location offer significant value-add potential for investors seeking a high-visibility retail space with substantial foot traffic. This is a rare opportunity to acquire a large-scale retail property in a key San Diego location.
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1974
Total area
9,999 SF
Lot
9.29 ac (404,672 SF)
Zoning code
COMMERCIAL
APN
438-030-50-00
UPID
US09-7808481
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
-
Macy's Backstage Clothing & Fashion Store
-
Macy's eSpot Kiosk Electronics & Wireless Store
-
Fine Rug Gallery @ Macy's Home Decor Store Department Store
-
Macy's Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$18.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.00M
Blend (final)
Blend
$18.00M
Owner & transaction history
1555 Camino LLC · 1 yrs held
1555 Camino LLC
since 2024
Last sale
$18.0M
3 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$17.9M
+75.4%
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
$18,000,000
ML approach
$18,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$17,920,000
Change: +75% · Conversion: Easy
Blend value · Realmo final
$18.00M
Range $16.20M – $19.80M · ±10% · vs last sale $18.00M (Dec 30 2024)
Last sale anchor
$18.00M
Dec 30 2024
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
$1,800 / 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
$225,653
Tax year 2024
Assessed value
$18,091,604
Assessed 2024
Previous assessed
$18,091,604
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,436,879
Assessed improvement
$15,654,725
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1974
Heating
NONE
Total area
9,999 SF
Lot
9.29 ac (404,672 SF)
Zoning code
COMMERCIAL
APN
438-030-50-00
UPID
US09-7808481
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
$17.9M
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
1974
Heating
NONE
Lot
9.29 ac
Current owner
From public records · entity-resolved
1555 Camino LLC
Entity
Free & Clear · 1 yrs held
Mailing address
145 PROGRESS PL, CINCINNATI, OH 45246-1717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2024
$18,000,000
1555 Camino LLC
Macys Retail Holdings LLC
Grant Deed
—
Feb 5, 1996
$100,000
Mission Valley Ptshp
Macys Primary Real Estate INC
Grant Deed
—
May 13, 1988
—
Bullocks INC
Federated Depart
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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