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Property profile & analytics
OFF-MARKET
Estimated value
$5,250,000
Manufacturing properties
1650 Linda Vis Dr 52 San Marcos, CA 92078-3810
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9723831
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Total area
23,481 SF
Lot
1.69 ac (73,616 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
219-221-44-00
UPID
US09-9723831
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
-
Pipeline Products Water Works Equipment Supplier
-
Mary Hill Marriage Or Relationship Counselor
-
Adjustable Pipe Supports Big Box & Wholesale Store Building Supply
-
5 Star Supreme Commercial Cleaning Service
-
Bella Bambino Nannies Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.92M
CAP Approach
CAP
$4.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.25M
Owner & transaction history
Lucky Us Holdings LLC · 4 yrs held
Lucky Us Holdings LLC
since 2021
Last sale
$5.2M
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)
$7.4M
+18.4%
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 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
$6,920,000
CAP Approach
CAP Return
Estimation
6%
$4,475,000
6.5%
$4,135,000
7%
$3,840,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,240,000
Current use
APARTMENT HOUSE (5+ UNITS)
$7,390,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$5.25M
Range $4.73M – $5.78M · ±10% · vs last sale $5.15M (Dec 30 2021)
Last sale anchor
$5.15M
Dec 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
$224 / 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
$59,816
Tax year 2024
Assessed value
$5,358,060
Assessed 2024
Previous assessed
$5,358,060
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,444,940
Assessed improvement
$2,913,120
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
1972
Heating
NONE
Units
1
Total area
23,481 SF
Lot
1.69 ac (73,616 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
219-221-44-00
UPID
US09-9723831
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
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.4M
INDUSTRIAL (GENERAL) 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
1972
Heating
NONE
Units
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Lucky Us Holdings LLC
Entity
Mailing address
2588 EL CAMINO REAL #249, CARLSBAD, CA 92008-1211
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
—
Lucky Us Holdings LLC
—
Deed
related
$2,625,000 · Endeavor Bank
Dec 30, 2021
$5,150,000
Lucky Us Holdings LLC
Scott Higley Enterprises INC
Grant Deed
—
Apr 12, 1996
—
Ray Higley Welding INC Et
Higley,raymond E & Linda Ann
Quit Claim Deed
related
—
Jul 26, 1990
$1,100,000
Raymond E Higley
Borgia Enterpris
Grant Deed
—
—
—
Scott Higley Ents INC
—
Deed Of Trust
related
$250,000 · Union Bank Of California
—
—
Raymond E Higley
—
Deed Of Trust
related
—
—
—
Ray Higley Welding INC
—
Deed Of Trust
related
$995,000 · Union Bank Of California
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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