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Property profile & analytics
OFF-MARKET
Estimated value
$3,970,000
Medical Office Space
195 El Camino Real Encinitas, CA 92024-2802
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8914014
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
3,083 SF
Lot
0.37 ac (16,071 SF)
Zoning code
COMMERCIAL
APN
257-062-21-00
UPID
US09-8914014
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
-
The Drake Center For Veterinary Care: Dr. Keala Shotwell Veterinary Clinic
-
The Drake Center for Veterinary Care Veterinary Clinic
-
Katie Tiglio, DVM at The Drake Center for Veterinary Care Veterinary Clinic
-
Jennifer Hamlet, VMD Veterinary Clinic
-
Kathy Boehme, DVM, CVCHM, CVFT Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.97M
Owner & transaction history
Las Troyanas LLC · 3 yrs held
Las Troyanas LLC
since 2022
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Encinitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.1M
+246.2%
Neighborhood: shopping center
$2.8M
+89.9%
Retail stores
$2.5M
+70.3%
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 Encinitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Encinitas 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
$4,095,000
ML approach
$4,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,065,000
Change: +246% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,780,000
Change: +90% · Conversion: Difficult
RETAIL STORES
$2,490,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$3.97M
Range $3.57M – $4.37M · ±10% · vs last sale $3.86M (Sep 20 2022)
Last sale anchor
$3.86M
Sep 20 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
$1,288 / 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
$42,954
Tax year 2024
Assessed value
$3,938,087
Assessed 2024
Previous assessed
$3,938,087
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$2,918,087
Applied tax rate
19.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Units
1
Total area
3,083 SF
Lot
0.37 ac (16,071 SF)
Zoning code
COMMERCIAL
APN
257-062-21-00
UPID
US09-8914014
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Encinitas, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Encinitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Encinitas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
RETAIL STORES
Est. value
$2.5M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
2004
Heating
NONE
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Las Troyanas LLC
Entity
Mailing address
8861 VILLA LA JOLLA DR #13052, LA JOLLA, CA 92037-1918
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 20, 2022
$3,861,000
Las Troyanas LLC
Drake Properties LLC
Grant Deed
—
Sep 20, 2017
—
Drake Properties LLC
—
Deed
related
$250,000 · Jpmorgan Chase Bank NA
Feb 19, 1998
$475,000
Michael A Drake
Shetrone Trust
Grant Deed
$204,000 · Union Bank Of California
May 1, 1992
—
Shetrone Trust 04-08-92
Unknown
Quit Claim Deed
related
—
—
—
Warren Shetrone
—
Deed Of Trust
related
$400,000 · Rancho Santa Fe Bank
—
—
Drake Properties LLC
—
Deed Of Trust
related
$150,000 · Union Bank Of California
—
—
Drake Properties LLC
—
Deed Of Trust
related
$500,000 · Union Bank Of California
—
—
Michele A Drake
—
Deed Of Trust
related
$210,000 · Cdc Small Business Finance Co
—
—
Warren R Shetrone
—
Deed Of Trust
related
$400,000 · Fallbrook National Bank
—
—
Drake Properties LLC
—
Deed Of Trust
related
$575,000 · Union 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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