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    209 3rd Ave, Unit 27 Escondido, CA 92025-4108
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    Property profile & analytics

    209 3rd Ave, Unit 27, Escondido, CA 92025-4108

    View on Map
    • Apartment buildings
    • 4,132 SF
    • 0.18 lot acres
    Off-Market
    Last Sale Apr 2, 2024
    Property ID
    US09-6556301
    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
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 209 3rd Ave

    Year built
    1950
    Lot size
    0.18 lot acres
    Zone code
    COMMERCIAL
    Property type
    Apartment buildings
    APN
    233-142-06-00
    APU
    2331420600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 2, 2024 — Mclovin Properties LLC Oran Capital LLC Grant Deed —
    Sep 11, 2023 — Jpmorgan Chase Bank NA Mclovin Properties LLC Agreement Of Sale —
    Sep 11, 2023 $2,275,000 Mclovin Properties LLC Cazador 3rd & Maple LLC Grant Deed —
    Sep 15, 2021 $3,705,000 Cazador 3rd & Maple LLC 3rd And Maple LLC Grant Deed $2.2M · Jpmorgan Chase Bank NA
    Sep 15, 2021 — 3rd And Maple LLC 3rd And Maple LLC Intrafamily Transfer · related —
    Feb 9, 2018 — 3rd & Maple LLC Kip Ca3 LLC Grant Deed $2M · Jpmorgan Chase Bank NA
    Jan 13, 2017 — Kip Ca3 LLC 3rd & Maple LLC Quit Claim Deed · related —
    Feb 12, 2016 $592,500 Kip Ca3 LLC 3rd & Maple LLC Grant Deed —
    May 29, 2015 $2,040,000 3rd & Maple LLC Dali Investments LLC Grant Deed $1.5M · Cohen Family Trust (pt)
    Jun 28, 2007 $2,000,000 Dali Investments LLC Comanche 18 LLC Grant Deed $1.5M · Washington Mutual Bank
    Jun 24, 2004 — Comanche 18 LLC Kuebler,allan J Grant Deed $980k · Quaker City Bank
    — — 3rd & Maple LLC — Deed Of Trust · related $1.4M · Arbor Com'l Mtg

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,140,000
      6.5%
      $1,050,000
      7%
      $975,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $955,000
      Current use
      MEDICAL BUILDING
      $1,250,000
      Change: +31% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,135,000
      Change: +19% Conversion: Difficult
      RETAIL STORES
      $1,000,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Escondido
    County
    San Diego
    State
    California
    Longitude
    -117.082
    Latitude
    33.1188
    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
    $25,120
    $950,000
    $1,250,000
    $2,200,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,850,000
      77,575 SF

      250 15th Ave

      APARTMENT HOUSE (5+ UNITS)
      250 15th Ave, Escondido, CA 92025-5760
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    • Value Estimation
      $890,000
      5,520 SF

      803 3rd Ave

      APARTMENT HOUSE (5+ UNITS)
      803 3rd Ave, Escondido, CA 92025-3952
      View Details
    • Value Estimation
      $825,000
      4,132 SF

      209 3rd Ave, Unit 27

      APARTMENT HOUSE (5+ UNITS)
      209 3rd Ave, Escondido, CA 92025-4108
      View Details
    • Value Estimation
      $6,640,000
      63,825 SF

      508 Msn Ave

      APARTMENT HOUSE (5+ UNITS)
      508 Msn Ave, Escondido, CA 92025-1976
      View Details
    • Value Estimation
      $2,695,000
      23,616 SF

      754 Fig St

      APARTMENT HOUSE (5+ UNITS)
      754 Fig St, Escondido, CA 92025-2020
      View Details
    • Value Estimation
      $1,430,000
      9,999 SF

      610 Ctr City Pkwy, Unit 60

      APARTMENT HOUSE (5+ UNITS)
      610 Ctr City Pkwy, Escondido, CA 92025-2662
      View Details

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    • Contact for pricing
      9,472 SF

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      Multifamily property featuring 15 units in Escondido, California.
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    • $2,750,000
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      Renovated Multifamily Property with Parking

      Eight upgraded units with expansion potential in Escondido, California.
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      5,976 SF

      Renovated Multifamily Property with Parking

      Eight upgraded units with expansion potential and parking lot.
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    • $5,799,000
      Pending

      Escondido Multifamily Property For Sale

      29-unit multifamily property in Escondido, renovated in 2021.
      204 E 2Nd Ave E, Escondido, CA 92025
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    • Contact for pricing
      5,200 SF

      Updated Multifamily Property with Garages

      Well-maintained 5-unit property with updates, garages, and yard space.
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    • $3,750,000
      9,472 SF

      Renovated Escondido Apartments with Upside

      Fully renovated 15-unit apartment building in Escondido, North County San Diego.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Retail space available for rent, single tenant, 834 SqFt.
      150 S Escondido Blvd, Escondido, CA 92025
      View Details
    • Contact for pricing
      12,290 SF

      Escondido Office Space Available

      Office building with 12,290 square feet available for rent.
      355 E Grand Ave, Escondido, CA 92025
      View Details
    • Contact for pricing

      La Terraza Corporate Plaza

      Discover many ways to work your way in La Terraza Corporate Plaza
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      Escondido Office Space Available

      Modern office space in a prime Escondido location.
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      View Details
    • Contact for pricing
      7,500 SF

      Retail Space in Escondido Hub

      Retail space with high visibility and convenient highway access.
      358-415 N Escondido Blvd, Escondido, CA 92025
      View Details
    • Contact for pricing
      558 SF

      Escondido Corner Lot with Parking

      Corner lot with approximately 45 parking stalls available for rent.
      902 Escondido Blvd, Escondido, CA 92025
      View Details
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    Escondido, CA 92025-4108
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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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