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Property profile & analytics
OFF-MARKET
Estimated value
$2,260,000
Retail space
1890 Diamond St San Marcos, CA 92078-5100
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7059455
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
6,496 SF
Lot
0.49 ac (21,154 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
223-340-06-00
UPID
US09-7059455
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
-
Construct 1 One Corp General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.44M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$2.93M
Blend (final)
Blend
$2.26M
Owner & transaction history
Happy Potamus Holdings LLC · 4 yrs held
Happy Potamus Holdings LLC
since 2022
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.1M
+56.3%
Office building
$2.9M
+44.9%
Auto repair, garage
$2.5M
+25.7%
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 Marcos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Marcos 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
$2,770,000
ML approach
$2,440,000
CAP Approach
CAP Return
Estimation
6%
$1,700,000
6.5%
$1,570,000
7%
$1,460,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,975,000
Current use
MEDICAL BUILDING
$3,085,000
Change: +56% · Conversion: Difficult
OFFICE BUILDING
$2,860,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,480,000
Change: +26% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,045,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.49M · ±10% · vs last sale $2.25M (Apr 15 2022)
Last sale anchor
$2.25M
Apr 15 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
$348 / 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
$26,571
Tax year 2024
Assessed value
$2,340,900
Assessed 2024
Previous assessed
$2,340,900
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$780,300
Assessed improvement
$1,560,600
Applied tax rate
13.0000
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
2001
Heating
NONE
Units
1
Total area
6,496 SF
Lot
0.49 ac (21,154 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
223-340-06-00
UPID
US09-7059455
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · San Marcos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Marcos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$3.1M
OFFICE BUILDING
Est. value
$2.9M
AUTO REPAIR, GARAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2001
Heating
NONE
Units
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Happy Potamus Holdings LLC
Entity
Mailing address
3510 CAMINO CEREZA, CARLSBAD, CA 92009-8963
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
—
Happy Potamus Holdings LLC
—
Deed
related
$901,000 · Cdc Small Business Finance Corp
Apr 15, 2022
$2,250,000
Happy Potamus Holdings LLC
L C Meadows LLC
Grant Deed
$1,125,000 · Zb NA
Sep 27, 2018
—
L C Meadows LLC
—
Deed
related
$650,000 · Balboa Thrift & Ln
May 18, 2016
—
L C Meadows LLC
—
Deed
related
$560,000 · Western Alliance Bank
Feb 21, 2001
—
L C Meadows LLC
—
Grant Deed
related
$819,000 · Us Bank NA
Mar 20, 2000
—
L C Meadows
Caryl Sue Trittipo Separa,
Quit Claim Deed
related
—
Apr 26, 1999
$500
Trittipo Trust
Trittipo & Assoc Architecture
Grant Deed
related
—
Mar 29, 1999
$193,000
Trittipo & Associates
Cornwell,larry & Melanie D
Grant Deed
$118,530 · Scripps Bank
Oct 30, 1995
$103,000
Larry Cornwell
Marclan LP
Grant Deed
$61,200 · Capital Bank North County
Dec 9, 1993
—
Marclas
Martin,joseph Ro
Grant Deed
related
—
Jan 16, 1992
$159,000
Joseph R Martin
Meadow Lake Inv
Grant Deed
—
Jul 13, 1988
$748,000
Meadow Lake Inv
Martin Joseph R
Grant Deed
—
—
—
Lc Meadows LLC
—
Deed Of Trust
related
$439,000 · California Bank & Trust
—
—
Lc Meadows LLC
—
Deed Of Trust
related
$380,000 · California Bank & Trust
—
—
Lc Meadows LLC
—
Deed Of Trust
related
$392,000 · Cdc Small Business Finance Co
—
—
L C Meadows LLC
—
Deed Of Trust
related
$650,000 · Balboa Thrift & Ln
—
—
Lc Meadows LLC
—
Deed Of Trust
related
$650,000 · Balboa Thrift & Ln
—
—
Joseph R Martin
—
Deed Of Trust
related
$47,091 · Meadow Lake Inv
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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