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Property profile & analytics
OFF-MARKET
Estimated value
$16,670,000
Medical Office Space
16899 Bernardo Dr San Diego, CA 92127-1603
Individually Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8850759
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
95,942 SF
Lot
1.83 ac (79,714 SF)
Zoning code
COMMERCIAL
APN
273-370-12-00
UPID
US09-8850759
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
-
Sharp Rees Stealy Medical Group Medical Clinic
-
Sharp Rees-Stealy Rancho Bernardo Medical Clinic
-
David Sitler, MD - Sharp Rees-Stealy San Diego Physician
-
Phil Yphantides, MD Physician
-
David Spees, MD - Sharp Rees-Stealy Rancho Bernardo Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.93M
Blend (final)
Blend
$16.67M
Owner & transaction history
Sharp Healthcare · 9 yrs held
Sharp Healthcare
since 2017
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, 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 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
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
$16.67M
Range $15.00M – $18.34M · ±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
$174 / 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
$597
Tax year 2024
Assessed value
$56,706,851
Assessed 2024
Previous assessed
$56,706,851
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$7,913,496
Assessed improvement
$48,793,355
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Units
1
Total area
95,942 SF
Lot
1.83 ac (79,714 SF)
Zoning code
COMMERCIAL
APN
273-370-12-00
UPID
US09-8850759
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.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Sharp Healthcare
Individual
Mailing address
8695 SPECTRUM CTR BLVD, SAN DIEGO, CA 92123-1489
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2025
—
Hp Rb Hotel L P
—
Deed
related
$4,000,000 · River City Bank
Feb 24, 2017
—
Hp-rb Hotel LP
—
Grant Deed
related
$2,500,000 · River Cty Bk
Feb 21, 2017
$42,662,500
Sharp Healthcare
Rancho Bernardo Lhp LLC
Grant Deed
—
Jun 17, 2015
—
Rancho Bernardo Lhp LLC
—
Deed Of Trust
related
$31,759,627 · Us Bk
Jan 5, 2012
$3,065,000
Hp Rb Hotel LP
Gmtg Kawaguchi LP
Grant Deed
$1,532,500 · Security Business Bank Of San Diego
Jun 27, 2011
—
Gmtg
Patel,sunil & Amita
Quit Claim Deed
related
—
Aug 4, 2010
—
Gmtg Kawaguchi LP
Owner Name Unavailable
Grant Deed
related
—
Mar 30, 2006
—
Sunil Patel
Paavan Properties INC
Grant Deed
$1,680,000 · Mirae Bank
Jun 25, 2004
—
Paavan Properties INC
April Blossom INC
Grant Deed
$1,000,000 · Loan Co Of San Diego
—
—
Sunil R Patel
—
Deed Of Trust
related
$1,680,000 · Mirae Bank
—
—
Sunil Patel
—
Deed Of Trust
related
$200,000 · Gandhi Family Trust
—
—
Sunil R Patel
—
Deed Of Trust
related
$500,000 · Gandhi Family Trust
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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