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    1740 Nn Ave National City, CA 91950-4832
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    Property profile & analytics

    1740 Nn Ave, National City, CA 91950-4832

    View on Map
    • Apartment buildings
    • 12,200 SF
    • 0.24 lot acres
    Off-Market
    Last Sale Jan 3, 2022
    Property ID
    US09-7206613
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,340,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1740 Nn Ave

    Year built
    1970
    Lot size
    0.24 lot acres
    Zone code
    R-4:MULTIPLE RESIDENTIAL
    Property type
    Apartment buildings
    APN
    561-100-30-00
    APU
    5611003000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 4, 2025 — Kash Investment Re LLC — Deed · related $150k · Thomas Mccormack
    Jan 3, 2022 — Kash Investments Re LLC Harvey Lynn Stewart Grant Deed —
    Nov 1, 2021 $4,180,000 Harvey Lynn Stewart Sanjay Singhal Grant Deed $2.5M · Pacific Premier Bank
    Oct 29, 2019 $3,100,000 Singhal,s & B Fam Trust Ortiz Wilfredo Family Trust Grant Deed $1.8M · Financial Ptrs Cu
    Aug 21, 2019 — Ortiz,wilfredo Family Trust Ortiz,wilfredo Affidavit Of Death · related —
    Feb 25, 2019 — Wilfredo Ortiz — Deed · related $1.3M · First Foundation Bank
    May 22, 2013 — Ortiz,wilfredo Family Trust Ortiz Wilfredo Trust Quit Claim Deed · related $1.3M · One United Bank
    Jun 8, 2006 $1,800,000 Ortiz Wilfredo Trust Castillo,francisco Grant Deed $1.3M · One United Bank
    Mar 21, 2001 $795,000 Francisco Castillo Capitol Arms Ltd Grant Deed $557k · Mission FCU

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,380,000
      6.5%
      $3,120,000
      7%
      $2,895,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $3,110,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,325,000
      Change: +7% Conversion: Difficult
      RETAIL STORES
      $3,020,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    National City
    County
    San Diego
    State
    California
    Longitude
    -117.09
    Latitude
    32.6717
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $59,180
    $2,059,992
    $2,288,880
    $4,348,872
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

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      13,316 SF

      1048 Ee Ave, Unit 1100

      APARTMENT HOUSE (5+ UNITS)
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      View Details
    • Value Estimation
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      27,255 SF

      1306 18th St

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    • Value Estimation
      $575,000
      3,511 SF

      41 6th St, Unit 47

      APARTMENT HOUSE (5+ UNITS)
      41 6th St, National City, CA 91950-2255
      View Details
    • Value Estimation
      $1,185,000
      8,214 SF

      2637 Highland Ave, Unit 41

      APARTMENT HOUSE (5+ UNITS)
      2637 Highland Ave, National City, CA 91950-7409
      View Details

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    Similar Nearby for Lease

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      South Bay Corporate Center Office

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      Medical office space available for lease.
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      Retail Space For Rent

      In-line retail space available for rent.
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      Retail Space in National City

      High-profile retail location with excellent visibility and access.
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      Retail Space Anchored by Supermarket

      Retail space for lease in grocery-anchored shopping center.
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      National City Warehouse Space

      6,050 SF warehouse space available for lease.
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      View Details
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    National City, CA 91950-4832
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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