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Property profile & analytics
FOR LEASE
Warehouses
1645 S Rancho Santa Fe Rd San Marcos, CA 92078
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9023357
For Lease
1 / 2
$6,995,000
1645 S Rancho Santa Fe Rd, San Marcos, CA 92078
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
36,252 SF
Lot
2.18 ac (94,960 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
223-030-62-00
UPID
US09-9023357
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
-
jre construction General Contractor
-
River Church San Marcos Church Mosque
-
Dudek Environmental Consultant Engineering Consultant
-
VM3 Environmental, Inc. Environmental Consultant
-
FCI Technology Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.75M
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$7.00M
Owner & transaction history
La Costa Bc LLC · 3 yrs held
La Costa Bc LLC
since 2023
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$11.4M
+11.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,395,000
6.5%
$7,750,000
7%
$7,195,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,275,000
Current use
APARTMENT HOUSE (5+ UNITS)
$11,410,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$7.00M
Range $6.30M – $7.69M · ±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
$193 / 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
$91,156
Tax year 2024
Assessed value
$8,109,000
Assessed 2024
Previous assessed
$8,109,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,989,000
Assessed improvement
$6,120,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1991
Heating
NONE
Units
1
Total area
36,252 SF
Lot
2.18 ac (94,960 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
223-030-62-00
UPID
US09-9023357
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
WAREHOUSE, STORAGE Current
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.4M
WAREHOUSE, STORAGE Current
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
1991
Heating
NONE
Units
1
Lot
2.18 ac
Current owner
From public records · entity-resolved
La Costa Bc LLC
Entity
Mailing address
31920 DEL OBISPO ST STE #250, SAN JUAN CAPO, CA 92675-3190
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2023
—
La Costa Bc LLC
—
Deed
related
$22,932,000 · Zb NA
Jan 18, 2023
$35,250,000
La Costa Bc LLC
Kp La Costa Meadows LLC
Grant Deed
related
$22,932,000 · Zb NA
Oct 3, 2018
—
Kp La Costa Meadows LLC
—
Deed
related
$30,000,000 · Pgim Vip Mtg Account LP
Jul 28, 2016
—
Kp La Costa Medows LLC
—
Deed
related
$205,000,000 · Us Bank NA
Jul 24, 2007
—
Kol Of Per La Costa Meadows LLC
Kol Of Per LLC
Quit Claim Deed
$12,900,000 · Northwestern Mutual Life Ins
Mar 9, 2004
—
Koll/per LLC
Hoff,tr
Trustees Deed
$50,000,000 · Fleet National Bank Ttee
—
—
Kp La Costa Meadows LLC
—
Loan Modification
related
$12,900,000 · Northwestern Mutual Life Ins
—
—
La Costa Meadows Industrial
—
Deed Of Trust
related
$4,500,000 · Northern Life Insurance Co
—
—
Koll Of Per LLC
—
Deed Of Trust
related
$50,000,000 · Key Bank NA
—
—
Kp La Costa Meadows LLC
—
Deed Of Trust
related
$30,000,000 · Pgim Vip Mtg Account 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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