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Property profile & analytics
FOR SALE
Retail space
205 E 8Th St National City, CA 91950
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7714220
For Sale
1 / 4
$1,990,000
205 E 8Th St, National City, CA 91950
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Total area
9,620 SF
Lot
0.24 ac (10,454 SF)
Zoning code
COMMERCIAL
APN
556-333-15-00
UPID
US09-7714220
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
-
Mix N Match Furniture Furniture & Home Goods Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.70M
CAP Approach
CAP
$2.33M
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.70M
Owner & transaction history
Spirickal Capital LLC · 2 yrs held
Spirickal Capital LLC
since 2024
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.6M
+10.2%
Apartment house (5+ units)
$2.5M
+3.0%
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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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
$1,700,000
ML approach
$1,700,000
CAP Approach
CAP Return
Estimation
6%
$2,520,000
6.5%
$2,325,000
7%
$2,160,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,380,000
Current use
INDUSTRIAL (GENERAL)
$2,620,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,450,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.70M (Jan 31 2024)
Last sale anchor
$1.70M
Jan 31 2024
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
$177 / 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
$5,921
Tax year 2024
Assessed value
$447,062
Assessed 2024
Previous assessed
$447,062
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$200,290
Assessed improvement
$246,772
Applied tax rate
6.0000
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
For Sale
Year built
1952
Heating
NONE
Total area
9,620 SF
Lot
0.24 ac (10,454 SF)
Zoning code
COMMERCIAL
APN
556-333-15-00
UPID
US09-7714220
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · National City, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.4M
INDUSTRIAL (GENERAL)
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
RETAIL STORES Current
INDUSTRIAL (GENERAL)
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
1952
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Spirickal Capital LLC
Entity
Mailing address
4250 MORENA BLVD E STE E, SAN DIEGO, CA 92117-4331
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
—
R Spirickal Capital LLC
—
Deed
related
$1,000,000 · Zero Point Loans INC
Jan 31, 2024
$1,700,000
Spirickal Capital LLC
Sonny V Ducay
Grant Deed
$800,000 · Raj H Karnani Md INC Trust
Apr 3, 1997
$280,000
Sonny V Ducay
June M Warlop Trustee
Grant Deed
$224,000 · Seller
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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