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Property profile & analytics
OFF-MARKET
Estimated value
$2,680,000
Grocery and convenience stores
1661 Alpine Blvd Alpine, CA 91901
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9965121
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1999
Total area
16,708 SF
Lot
2.49 ac (108,464 SF)
Zoning code
COMMERCIAL
APN
403-370-25-00
UPID
US09-9965121
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.03M
Blend (final)
Blend
$2.68M
Owner & transaction history
New Alpine Investment LLC · 20 yrs held
New Alpine Investment LLC
since 2006
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Alpine, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Alpine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alpine 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.68M
Range $2.41M – $2.95M · ±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
$160 / 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
$57,054
Tax year 2024
Assessed value
$4,890,225
Assessed 2024
Previous assessed
$4,890,225
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,210,650
Assessed improvement
$2,679,575
Applied tax rate
51.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1999
Heating
NONE
Units
1
Total area
16,708 SF
Lot
2.49 ac (108,464 SF)
Zoning code
COMMERCIAL
APN
403-370-25-00
UPID
US09-9965121
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Alpine, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · Alpine, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Units
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
New Alpine Investment LLC
Entity
Mailing address
12 ELK GRV LN, LAGUNA NIGUEL, CA 92677-1012
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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 10, 2006
$1,740,000
New Alpine Investment LLC
Rich Of Alpine LLC
Grant Deed
—
Aug 5, 1998
—
J W Rich Investment Co INC
Rich Development Co
Quit Claim Deed
related
$2,500,000 · Seller
Sep 19, 1997
$700,000
Rich Develooment Co
Viejas Company
Grant Deed
—
Mar 2, 1989
$275,000
Visone Barry A
Home Fed S&l
Grant Deed
—
—
—
Viejas Co
—
Deed Of Trust
related
$14,560 · Scripps Bank
—
—
Viejas Co
—
Deed Of Trust
related
$170,000 · Scripps Bank
—
—
Rich/alpine LLC
—
Deed Of Trust
related
$2,800,000 · Nationsbank NA (south)
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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