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    2048 Aldergrove Ave, Unit 76 Escondido, CA 92029-1903
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    Property profile & analytics

    2048 Aldergrove Ave, Unit 76 Escondido, CA 92029-1903

    View on Map
    • Retail space
    • 5,292 SF
    • 0.56 lot acres
    Off-Market
    Last Sale Sep 15, 2023
    $1,450,000
    Property ID
    US09-9475262
    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.
    Value Estimations
    $1,475,000
    Show details
    Cap Rate Potential
    5.7%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Carroll Plumbing / Plumbing Service / General Contractor
    • Szytel Engineering & Surveying Inc. / Land Surveyor / Civil Engineer
    • Hoop5 Networks / Tech Support Center / IT Consulting Firm
    • Anchor Cyber, Inc. / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • Voluntary Employee Benefit / Business Service Center / Employment Agency

    Property Details for 2048 Aldergrove Ave

    Year built
    1980
    Lot size
    0.56 lot acres
    Property size
    5,292 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Retail space
    APN
    232-421-08-00
    APU
    2324210800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,505,000
      ML approach
      $1,490,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,420,000
      6.5%
      $1,315,000
      7%
      $1,220,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,623,000
      Market price range: $943k - $1.84M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,255,000
      Current use
      AUTO REPAIR, GARAGE
      $2,020,000
      Change: +61% Conversion: Difficult
      OFFICE BUILDING
      $1,910,000
      Change: +52% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,635,000
      Change: +30% Conversion: Difficult
      MEDICAL BUILDING
      $1,610,000
      Change: +28% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Escondido
    County
    San Diego
    State
    California
    Longitude
    -117.112
    Latitude
    33.1174
    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
    $16,560
    $1,000,000
    $450,000
    $1,450,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $510,000
      3,695 SF

      440 Hale Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,695 SF
      440 Hale Ave, Escondido, CA 92029-1420
      View Details
    • Value Estimation
      $555,000
      4,036 SF

      2450 Auto Park Way

      RETAIL STORES (PERSONAL SERVICES) • 4,036 SF
      2450 Auto Park Way, Escondido, CA 92029-1225
      View Details
    • Value Estimation
      $1,790,000
      14,576 SF

      2434 Auto Park Way

      RETAIL STORES (PERSONAL SERVICES) • 14,576 SF
      2434 Auto Park Way, Escondido, CA 92029-1265
      View Details
    • Value Estimation
      $2,020,000
      14,790 SF

      125 State Pl

      RETAIL STORES (PERSONAL SERVICES) • 14,790 SF
      125 State Pl, Escondido, CA 92029-1323
      View Details
    • Value Estimation
      $1,015,000
      6,359 SF

      3410 Del Lago Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,359 SF
      3410 Del Lago Blvd, Escondido, CA 92029-7462
      View Details
    • Value Estimation by Request
      3,399 SF

      415 Hale Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,399 SF
      415 Hale Ave, Escondido, CA 92029-1421
      View Details

    Similar Nearby for Sale

    • $7,840,000
      20,085 SF

      Escondido Retail Space For Sale

      Retail space available in Escondido, California.
      1580 W Valley Pkwy, Escondido, CA 92029
      View Details
    • $865,000
      2,014 SF

      Retail Space Available For Sale

      Retail property with 2,014 square feet of space.
      1571 S Hale Ave, Escondido, CA 92029
      View Details
    • $1,550,000
      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
    • $7,840,000
      20,085 SF

      Escondido Retail Property For Sale

      Retail property in a central North County San Diego location.
      1580 W Valley Pkwy, Escondido, CA 92029
      View Details

    Similar Nearby for Lease

    • 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
    • Contact for pricing
      1,258 SF

      Retail Space in Escondido Center

      Retail space available in dominant Escondido shopping center.
      1268-1270 Auto Park Way, 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
      2,160 SF

      Retail Space in Escondido Center

      Retail spaces and restaurant ready for new tenants in Escondido.
      1627 E Valley Pkwy, Escondido, CA 92029
      View Details
    • Contact for pricing

      Escondido Retail Space Available

      Retail space available for rent in Escondido, California.
      1346 W Valley Pkwy, Escondido, CA 92029
      View Details
    • $599,000
      Pending

      Light Manufacturing/Retail Ready to Occupy

      Move-in ready light manufacturing/retail space with office and storage.
      107 S Andreasen Dr S, Escondido, CA 92029
      View Details
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    Escondido, CA 92029-1903
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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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    2048 Aldergrove Ave, Escondido, CA, 92029
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