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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Warehouses
2050 Wilson Ave National City, CA 91950-6500
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7263607
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
5,800 SF
Lot
0.16 ac (6,831 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
559-121-15-00
UPID
US09-7263607
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
-
Coastal Decking Inc Construction Company General Contractor
-
Paige Floor Covering Specialists General Contractor Renovation Specialist
-
Southern California Insulation General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
$658k
Blend (final)
Blend
$930k
Owner & transaction history
Nicho LLC · 6 yrs held
Nicho LLC
since 2019
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.5M
+36.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,240,000
7%
$1,150,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,085,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,480,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$160 / 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
$14,843
Tax year 2024
Assessed value
$1,227,068
Assessed 2024
Previous assessed
$1,227,068
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$557,758
Assessed improvement
$669,310
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Units
1
Total area
5,800 SF
Lot
0.16 ac (6,831 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
559-121-15-00
UPID
US09-7263607
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · 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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
WAREHOUSE, STORAGE Current
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
1988
Heating
NONE
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Nicho LLC
Entity
Free & Clear · 6 yrs held
Mailing address
10316 HAWLEY RD, EL CAJON, CA 92021-2530
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Sep 20, 2019
—
Nicho LLC
Nicholson,scott
Quit Claim Deed
related
—
Apr 2, 2018
$1,100,000
Nicholson,scott Trust
Spenst,mitchel D & Lorna M
Grant Deed
—
Sep 5, 2017
—
Mitch D Spenst
—
Deed
related
$300,000 · Bernard S Holland
Mar 15, 2006
—
C F Safley JR.
Safley,deborah
Quit Claim Deed
related
—
Mar 15, 2006
$550,000
Mitchel D Spenst
Safley,c F JR
Grant Deed
—
Aug 28, 2002
—
C Frank Safley
Safley,judy A Etal
Quit Claim Deed
related
—
Jul 22, 1998
$350,000
Saplety C F
Floyd,william S & Shirley Kj
Grant Deed
$348,750 · First National Bank North Coun
Dec 30, 1994
$207,000
William S Floyd
Bank Of Southern California
Grant Deed
$192,402 · Rancho Santa Fe Bank
Aug 1, 1991
—
S T Trst Ltd
S T Trst Ltd
Quit Claim Deed
related
$985,000 · Bank Of Southern California
—
—
William S Floyd
—
Deed Of Trust
related
$66,000 · Rancho Santa Fe Bank
—
—
William S Floyd
—
Deed Of Trust
related
$203,000 · Fallbrook National Bank
—
—
Mitch D Spenst
—
Deed Of Trust
related
$300,000 · Bernard S Holland
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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