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Property profile & analytics
OFF-MARKET
Estimated value
$1,300,000
Retail space
1845 12th St National City, CA 91950-3719
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7206205
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Total area
3,092 SF
Lot
0.4 ac (17,343 SF)
Zoning code
COMMERCIAL
APN
557-280-36-00
UPID
US09-7206205
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
-
Cardiology of Southern California Physician
-
Therapists of Southern California Counselor Mental Health Clinic
-
Sharf Albert MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$1.30M
Owner & transaction history
Paul Corriere · 3 yrs held
Paul Corriere
since 2022
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.5M
+91.8%
Office building
$1.1M
+45.8%
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
$1,275,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,465,000
Change: +92% · Conversion: Difficult
OFFICE BUILDING
$1,115,000
Change: +46% · Conversion: Easy
Blend value · Realmo final
$1.30M
Range $1.17M – $1.43M · ±10% · vs last sale $1.43M (Dec 14 2022)
Last sale anchor
$1.43M
Dec 14 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
$420 / 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
$17,398
Tax year 2024
Assessed value
$1,453,500
Assessed 2024
Previous assessed
$1,453,500
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$433,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Heating
NONE
Units
1
Total area
3,092 SF
Lot
0.4 ac (17,343 SF)
Zoning code
COMMERCIAL
APN
557-280-36-00
UPID
US09-7206205
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · National City, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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
MEDICAL BUILDING
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
OFFICE BUILDING
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
1961
Heating
NONE
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Paul Corriere
Individual
Mailing address
581 SANTA THERESA PL, CHULA VISTA, CA 91914-4130
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2022
$1,425,000
Paul Corriere
1 Medicalm LLC
Grant Deed
$736,500 · Sce FCU
Jun 13, 2019
—
1medicalm LLC
—
Deed
related
$324,000 · Bank Of Sthrn Ca
Jul 17, 2018
$450,000
1medicalm LLC
Grace Bible Fellowship Of San
Grant Deed
—
—
—
1medicalm LLC
—
Deed Of Trust
related
$324,000 · Bank Of Sthrn Ca
—
—
1medicalm LLC
—
Deed Of Trust
related
$324,000 · Bank Of Sthrn Ca
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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