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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2061 Aldergrove Ave Escondido, CA 92029-1902

    • Manufacturing properties
    • 25,295 SF
    • 1.62 lot acres
    OFF-MARKET
    Last Sale
    May 11, 2022
    $7,588,500
    Value Estimations
    $7,425,000
    Show details
    Cap Rate Potential
    4%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-9475380
    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.

    Current Use by Public Records

    • Taylor Commercial Door Inc / Hardware & Home Improvement / Production Facility
    • OJ Insulation / General Contractor / Renovation Specialist

    Property Details for 2061 Aldergrove Ave

    Year built
    1999
    Lot size
    1.62 lot acres
    Property size
    25,295 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    232-051-50-00
    APU
    2320515000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,035,000
      ML approach
      $6,950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,965,000
      Market price range: $4.88M - $7.97M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $6,205,000
      Current use
      AUTO REPAIR, GARAGE
      $9,655,000
      Change: +56% Conversion: Easy
      OFFICE BUILDING
      $9,120,000
      Change: +47% Conversion: Difficult
      WAREHOUSE, STORAGE
      $7,815,000
      Change: +26% Conversion: Easy
      MEDICAL BUILDING
      $7,705,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Escondido
    County
    San Diego
    State
    California
    Longitude
    -117.114
    Latitude
    33.1175
    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
    $90,038
    $5,202,000
    $2,693,075
    $7,895,075
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      32,859 SF

      2875 Executive Pl

      MANUFACTURING (LIGHT) • 32,859 SF
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      View Details
    • Value Estimation
      $1,740,000
      16,284 SF

      1011 Andreasen Dr

      MANUFACTURING (LIGHT) • 16,284 SF
      1011 Andreasen Dr, Escondido, CA 92029-1962
      View Details
    • Value Estimation
      $1,175,000
      10,580 SF

      2337 Auto Park Way

      MANUFACTURING (LIGHT) • 10,580 SF
      2337 Auto Park Way, Escondido, CA 92029-1220
      View Details
    • Value Estimation
      $3,725,000
      26,337 SF

      1460 Msn Rd, Unit 1532

      MANUFACTURING (LIGHT) • 26,337 SF
      1460 Msn Rd, Escondido, CA 92029-1103
      View Details
    • Value Estimation
      $1,010,000
      9,088 SF

      2855 Progress Pl

      MANUFACTURING (LIGHT) • 9,088 SF
      2855 Progress Pl, Escondido, CA 92029-1516
      View Details
    • Value Estimation
      $2,295,000
      20,000 SF

      2250 Micro Pl

      MANUFACTURING (LIGHT) • 20,000 SF
      2250 Micro Pl, Escondido, CA 92029-1011
      View Details

    Similar Nearby for Sale

    • $4,200,000
      13,000 SF

      Escondido Industrial Warehouse For Sale

      13,000 SF Distribution Center, CA
      2426 Auto Park Way, Escondido, CA 92029
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    • $895,000
      Pending

      Escondido Commercial Building For Sale

      3069 SF commercial building with 20+ parking spaces.
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      3,428 SF

      Escondido Industrial Space For Sale

      3,428 SF industrial space available in Escondido, California.
      432 Venture St, Escondido, CA 92029
      View Details
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      20,808 SF

      Escondido Industrial Property Near CA-78

      Industrial property with close proximity to CA-78 in Escondido.
      530 Opper St, Escondido, CA 92029
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      12,466 SF

      Escondido Industrial Hub Warehouse

      Warehouse in Escondido's industrial hub with highway access.
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      Escondido Warehouse with Truck Doors

      6,484 SF warehouse with two grade-level truck doors.
      1928 Don Lee Pl, Escondido, CA 92029
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    Similar Nearby for Lease

    • $599,000

      Manufacturing/Retail Space Available

      Move-in ready manufacturing or retail space with office and storage.
      107 S Andreasen Dr S, Escondido, CA 92029
      View Details
    • $1.60 SF/Yr
      37,540 SF

      Industrial Manufacturing Buildings For Rent

      Two industrial manufacturing buildings totaling ±37,540 SF for lease.
      1310-1344 Industrial Ave, Escondido, CA 92029
      View Details
    • $0.14 SF/Yr
      36,036 SF

      Escondido Flex Space Available

      Corner lot flex space in Centerpark Business Plaza.
      1201-1291 Simpson Way, Escondido, CA 92029
      View Details
    • Contact for pricing
      1,620 SF

      Escondido Warehouse Space Available

      Lease available: 1,620 SF warehouse with grade-level loading.
      1991 Don Lee Pl, Escondido, CA 92029
      View Details
    • $1.30 SF/Yr
      1,207 SF

      Escondido Flex Space Available

      Class A flex space with highway access in Escondido.
      340-358 State Pl, Escondido, CA 92029
      View Details
    • Contact for pricing
      5,000 SF

      Escondido Warehouse with Fenced Yard

      Warehouse with offices, fenced yard, and loading doors for rent.
      135 Engel St, Escondido, CA 92029
      View Details
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    2061 Aldergrove Ave
    Escondido, CA 92029-1902
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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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