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205 E 8Th St, National City, CA 91950
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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
Current use
Occupant on record · Public records
-
Furniture & Home Goods Home Decor Store
Location
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
since 2024
Last sale
$1.7M
3 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, CA
Top alternative use upside
Industrial (general)
$2.6M
+10.2%
Apartment house (5+ units)
$2.5M
+3.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 8 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.70M
Value range
$1.53M – $1.87M
±10% around blend
Estimated value / SF
$177 / SF
Confidence
High
8 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
80
Income certainty
100
$1.53M
blend $1.70M
$1.87M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,620 SF
Lot area
0.24 ac
Year built
1952
APN
556-333-15-00
Zoning
COMMERCIAL
Assessed value
$447,062
Annual tax
$5,921
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.33M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.52M
@ 6.5% CAP return
$2.33M
@ 7% CAP return
$2.16M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$5,921
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.25M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
4.0 mi away · 12,400 SF
4.2 mi away · 7,775 SF
4.6 mi away · 7,662 SF
5.9 mi away · 7,057 SF
8.1 mi away · 10,147 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.70M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 56 sales
$247
-29%
Submarket 56 sales
$247
-29%
County 2035 sales
$420
-58%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $177/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+10%
vs current-use indication
Apartment House (5+ Units)
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
8.90%
Selected cap rate for this retail space
Derived from the National City market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.90%
9.0%
NOI (est.)
$225k *
Last sale · Jan 2024
$1.70M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.52M
Move the market yield to see immediate price impact.
Value / SF
$262
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.40%8.90%9.40%
$202k
$2.41M
$2.27M
$2.15M
$225k
$2.67M
$2.52M
$2.39M
$247k
$2.94M
$2.78M
$2.63M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$1.32M
2.1 mi · Feb 2026 · $153/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1952
Heating
NONE
Lot
0.24 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
COMMERCIAL
Jurisdiction
National City, CA
Recorded code
COMMERCIAL
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Debt & historyRecorded loans and transaction history
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