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Property profile & analytics
OFF-MARKET
Estimated value
$4,805,000
Manufacturing properties
1604 La Mirada Dr San Marcos, CA 92078-2462
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9710246
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Total area
16,584 SF
Lot
0.89 ac (38,768 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
219-088-05-00
UPID
US09-9710246
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
-
Classic Competition Auto Repair Shop
-
San Diego Artificial Grass Installation Landscaping General Contractor
-
Randle Air Conditioning Inc Hardware & Home Improvement HVAC Service
-
Closet & Cabinet Crafters General Contractor Renovation Specialist
-
K V Bennett Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.16M
CAP Approach
CAP
$2.92M
Comparable Approach
Comparable
$6.46M
Blend (final)
Blend
$4.81M
Owner & transaction history
Jim Follis LLC · 2 yrs held
Jim Follis LLC
since 2023
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.9M
+78.5%
Office building
$7.3M
+65.5%
Auto repair, garage
$6.3M
+43.6%
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 Marcos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Marcos 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
$5,480,000
ML approach
$5,160,000
CAP Approach
CAP Return
Estimation
6%
$3,160,000
6.5%
$2,920,000
7%
$2,710,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,410,000
Current use
MEDICAL BUILDING
$7,870,000
Change: +79% · Conversion: Difficult
OFFICE BUILDING
$7,300,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,330,000
Change: +44% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,220,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$4.81M
Range $4.32M – $5.29M · ±10% · vs last sale $4.40M (Aug 28 2023)
Last sale anchor
$4.40M
Aug 28 2023
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
$290 / 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
$48,619
Tax year 2024
Assessed value
$4,399,840
Assessed 2024
Previous assessed
$4,399,840
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$975,000
Assessed improvement
$3,424,840
Applied tax rate
13.0000
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
1987
Heating
NONE
Units
1
Total area
16,584 SF
Lot
0.89 ac (38,768 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
219-088-05-00
UPID
US09-9710246
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · San Marcos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Marcos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.4M
MEDICAL BUILDING
Est. value
$7.9M
OFFICE BUILDING
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
1987
Heating
NONE
Units
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
Jim Follis LLC
Entity
Mailing address
681 ROLLING HLS RD, VISTA, CA 92081-7513
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2023
$4,400,000
Jim Follis LLC
Schenker Enterprises LLC
Grant Deed
—
Sep 23, 2019
—
Schenker Ents LLC
Marlowe,shana L & Michael
Quit Claim Deed
related
—
Sep 11, 2019
—
Shana L Marlowe
Marlowe,shana L
Quit Claim Deed
related
—
Sep 5, 2019
—
Shana L Marlowe
Schenker S & D F/tr
Quit Claim Deed
related
—
Aug 29, 2019
—
Schenker,s & D Tr-exemption Trust
Schenker Tr-exemption Trust
Quit Claim Deed
related
—
Oct 10, 2018
—
Shana L Marlowe
Marlowe,shana L
Quit Claim Deed
related
—
Sep 27, 2018
—
Shana L Marlowe
Schenker S & D F/tr
Quit Claim Deed
related
—
Jan 12, 2018
—
Rita S Korn
Schenker,steven
Affidavit Of Death
—
Jan 10, 2018
—
Dean P Schenker
Fairlie,margaret A
Quit Claim Deed
related
$460,000 · Griffiths & Associates Cpas
Aug 12, 2013
—
Schenker,marc B Family Trust
Schenker,marc
Quit Claim Deed
related
—
Jul 29, 2013
—
Schenker Family Trust
Schenker,dean
Quit Claim Deed
related
—
Jul 9, 2013
—
Dean Schenker
Schenker Steven & D Trust
Quit Claim Deed
related
—
Apr 5, 2007
—
Steven Schenker
Schenker,dosella G
Affidavit Of Death
related
$600,000 · Regents Bank
Apr 1, 2003
—
Schenker,tr
Schenker,tr
Quit Claim Deed
related
$563,500 · Steven & Rita S Schenker
Aug 5, 1988
$135,000
Schenker Steve
Hartley & Welsh
Grant Deed
related
$90,000 · Hartley & Welsh
—
—
Schenker Trust
—
Deed Of Trust
related
$550,000 · Foothill Independent Bank
—
—
Schenker Steve
—
Deed Of Trust
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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