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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Medical Office Space
2041 Newcastle Ave Cardiff, CA 92007-1762
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8994155
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1956
Total area
2,480 SF
Lot
0.23 ac (10,127 SF)
Zoning code
COMMERCIAL
APN
260-370-06-00
UPID
US09-8994155
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
-
Dr. Deborah L. Morgan, D.D.S. Dental Office
-
Ashland Beverages Corporate Office
-
Caroline Mcclemons, MPT Physician
-
Steele Realty : Cody Steele Real Estate Agency
-
Allison Robins Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$720k
Comparable Approach
Comparable
$682k
Blend (final)
Blend
$735k
Owner & transaction history
Cardiff Towne Center LLC · 8 yrs held
Cardiff Towne Center LLC
since 2017
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Cardiff, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cardiff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cardiff 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
by Request
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$780,000
6.5%
$720,000
7%
$670,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,175,000
Current use
RETAIL STORES
$1,040,000
Change: -12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$945,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
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
$296 / 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
$32,687
Tax year 2024
Assessed value
$2,890,080
Assessed 2024
Previous assessed
$2,890,080
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,503,222
Assessed improvement
$386,858
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
1956
Heating
NONE
Units
1
Total area
2,480 SF
Lot
0.23 ac (10,127 SF)
Zoning code
COMMERCIAL
APN
260-370-06-00
UPID
US09-8994155
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Cardiff, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · Cardiff, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$945,000
MEDICAL BUILDING Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1956
Heating
NONE
Units
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Cardiff Towne Center LLC
Entity
Mailing address
111 C ST #200, ENCINITAS, CA 92024-3514
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2017
—
Cardiff Towne Center LLC
Liverpool Zn LLC
Quit Claim Deed
related
—
Jan 10, 2017
$2,540,000
Liverpool Zn LLC
Conahan,patrick R
Grant Deed
—
Jan 10, 2017
—
Patrick R Conahan
Conahan,patrick R
Quit Claim Deed
related
—
Oct 18, 2016
—
Patrick R Conahan
2041 Newcastle Avenue LLC
Quit Claim Deed
related
—
Jan 18, 2008
—
2041 Newcastle Avenue LLC
Morgan,deborah
Grant Deed
—
May 25, 2007
—
2041 Newcastle Avenue LLC
Steele W T & B J 2000 Trust
Grant Deed
—
Dec 29, 2006
—
Elizabeth K Moseley
Moseley,timothy A
Quit Claim Deed
related
—
Dec 29, 2006
$2,000,000
Deborah Morgan
Attix-steensma,patricia
Grant Deed
$1,272,000 · Pacific Coast National Bank
Mar 14, 2006
—
Patricia Attix-steensma
Steensma,christopher D
Quit Claim Deed
related
$200,000 · Richard & Carol Fuller
Feb 21, 2006
—
Patricia Attix-steensma
Swanson,judith
Quit Claim Deed
related
—
Mar 24, 2004
—
We Are Family LLC
Attix-steensma,patricia
Quit Claim Deed
related
—
—
—
Patricia S Steesma
—
Deed Of Trust
related
$385,000 · La Jolla 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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