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    Property profile & analytics

    1848 Commercial St Escondido, CA 92029-1230

    • Auto shops
    • 4,000 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Aug 12, 2021
    $1,080,000
    Value Estimations
    $1,255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9214573
    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.

    Current Use by Public Records

    • Bowden's Auto Body / Auto Body Shop / Auto Repair Shop

    Property Details for 1848 Commercial St

    Year built
    1972
    Lot size
    0.26 lot acres
    Property size
    4,000 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Auto shops
    APN
    228-430-09-00
    APU
    2284300900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,205,000
      ML approach
      $1,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,969,000
      Market price range: $763k - $2.54M

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

    Location Insight

    • Map
    • Local Demand
    City
    Escondido
    County
    San Diego
    State
    California
    Longitude
    -117.115
    Latitude
    33.124
    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
    $12,837
    $416,160
    $707,472
    $1,123,632
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $740,000
      22,248 SF

      825 Andreasen Dr, Unit 35

      AUTO REPAIR, GARAGE • 22,248 SF
      825 Andreasen Dr, Escondido, CA 92029-1405
      View Details
    • Value Estimation
      $275,000
      1,650 SF

      2235 Barham Dr

      AUTO REPAIR, GARAGE • 1,650 SF
      2235 Barham Dr, Escondido, CA 92029-1025
      View Details
    • Value Estimation
      $1,420,000
      3,150 SF

      240 Andreasen Dr

      AUTO REPAIR, GARAGE • 3,150 SF
      240 Andreasen Dr, Escondido, CA 92029-1315
      View Details
    • Value Estimation
      $755,000
      25,304 SF

      2200 Auto Park Way

      AUTO REPAIR, GARAGE • 25,304 SF
      2200 Auto Park Way, Escondido, CA 92029-1391
      View Details
    • Value Estimation
      $465,000
      11,745 SF

      240 Andreasen Dr

      AUTO REPAIR, GARAGE • 11,745 SF
      240 Andreasen Dr, Escondido, CA 92029-1321
      View Details
    • Value Estimation
      $355,000
      4,700 SF

      2040 Auto Park Way

      AUTO REPAIR, GARAGE • 4,700 SF
      2040 Auto Park Way, Escondido, CA 92029-1341
      View Details

    Similar Nearby for Sale

    • $895,000
      3,069 SF

      Escondido Commercial Building For Sale

      3069 SF commercial building with 20+ parking spaces.
      431 N Hale Ave, Escondido, CA 92029
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    • $330,000

      Escondido Restaurant Opportunity

      Spacious 2400 sqft restaurant for sale in Escondido.
      1356 Valley Blvd West, Escondido, CA 92029
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    • Contact for pricing
      20,808 SF

      Escondido Industrial Property Near CA-78

      Industrial property with close proximity to CA-78 in Escondido.
      530 Opper St, Escondido, CA 92029
      View Details
    • $600,000
      14 SF

      Industrial Land For Sale

      Industrial land available for sale, zoned Light Industrial M-1.
      2458 Auto Park Way, Escondido, CA 92029
      View Details
    • $9,995,000
      81 SF

      6.98 Acres Vacant Land Parcels

      6.98 acres of vacant land, preliminary review February 2025.
      2200 Felicita Rd, Escondido, CA 92029
      View Details
    • Contact for pricing

      Escondido Land with Panoramic Views

      26.5 acres in Harmony Grove area, suitable for development.
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    Similar Nearby for Lease

    • $1,600,000
      2,320 SF

      Escondido Flex Space For Rent

      Flex space suitable for auto uses with convenient access.
      215 N Andreasen Dr, Escondido, CA 92029
      View Details
    • Contact for pricing
      908 SF

      Retail Center Near Interstate 15

      Retail space with high visibility near Interstate 15.
      3440 Del Lago Blvd, Escondido, CA 92029
      View Details
    • Contact for pricing
      1,279 SF

      Escondido Retail Center Space

      Retail space in dominant Escondido shopping center available for lease.
      1260-1264 Auto Park Way, Escondido, CA 92029
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Near Interstate 15

      Retail space with high visibility near Interstate 15.
      3410 Del Lago Blvd, Escondido, CA 92029
      View Details
    • Contact for pricing
      25,000 SF

      Retail Space in Renovated Center

      Ross Dress For Less anchored shopping center with spaces available.
      1625 E Valley Pkwy, Escondido, CA 92029
      View Details
    • $599,000

      Manufacturing/Retail Space Available

      Move-in ready manufacturing or retail space with office and storage.
      107 S Andreasen Dr S, Escondido, CA 92029
      View Details
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    1848 Commercial St
    Escondido, CA 92029-1230
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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.

    More about this property
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