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Property profile & analytics
OFF-MARKET
Estimated value
$940,000
Warehouses
1706 Hoover Ave, National City, CA 91950-5512
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9523998
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1983
Total area
4,250 SF
Lot
0.13 ac (5,584 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
560-142-10-00
UPID
US09-9523998
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
-
West Diving Services Business Related
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$940k
Owner & transaction history
Vet Properties LLC · 4 yrs held
Vet Properties LLC
since 2022
Last sale
$975,000
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+93.0%
Retail stores
$1.1M
+32.4%
Auto repair, garage
$855,000
+7.4%
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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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
$870,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$795,000
Current use
OFFICE BUILDING
$1,535,000
Change: +93% · Conversion: Difficult
RETAIL STORES
$1,050,000
Change: +32% · Conversion: Moderate
AUTO REPAIR, GARAGE
$855,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$940k
Range $846k – $1.03M · ±10% · vs last sale $975k (Jan 10 2022)
Last sale anchor
$975k
Jan 10 2022
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
$221 / 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
$9,159
Tax year 2024
Assessed value
$728,280
Assessed 2024
Previous assessed
$728,280
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$312,120
Assessed improvement
$416,160
Applied tax rate
6.0000
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
Off-Market
Year built
1983
Heating
NONE
Units
1
Total area
4,250 SF
Lot
0.13 ac (5,584 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
560-142-10-00
UPID
US09-9523998
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$795,000
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$855,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1983
Heating
NONE
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Vet Properties LLC
Entity
Mailing address
1706 HOOVER AVE, NATIONAL CITY, CA 91950-5512
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$975,000
Vet Properties LLC
Kaitlyn Welling
Grant Deed
$828,700 · Enterprise Bank & Trust
May 12, 2006
—
West Fred Family Trust
West,frederick W
Quit Claim Deed
related
—
Sep 21, 2004
—
Frederick W West
West,elizabeth A
Quit Claim Deed
related
$450,000 · Home Bank Of California
Jul 25, 1990
—
Frederick W West
—
Deed Of Trust
related
—
Sep 13, 1988
$109,500
Frederick W West
Chase Christophe
Grant Deed
$69,000 · Chase Christophe
—
—
Frederick W West
—
Deed Of Trust
related
$170,000 · First Western Bank
—
—
West Fred Family Trust
—
Deed Of Trust
related
$550,000 · Pacific Western Bank
—
—
Frederick W West
—
Deed Of Trust
related
$50,000 · Balboa Thrift & Loan
—
—
Frederick W West
—
Deed Of Trust
related
$220,000 · Imperial Bank
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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