Back to Search
Property profile & analytics
FOR LEASE
Retail space
2187 Newcastle Ave Cardiff, CA 92007
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7021496
For Lease
1 / 2
Contact for pricing
2187 Newcastle Ave, Cardiff, CA 92007
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1991
Total area
9,226 SF
Lot
0.31 ac (13,604 SF)
Zoning code
COMMERCIAL
APN
261-061-34-00
UPID
US09-7021496
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
-
dwellTEK Advertising Agency Marketing & Advertising
-
Westlake Consulting Group Consultant
-
Hair Transplant San Diego Medical Clinic
-
Dr. Lindsay O'Shea, SD Therapy Physician Medical Clinic
-
Sowards & Brown Engineering Structural Engineer Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.36M
Owner & transaction history
Las Lomitas LLC · 10 yrs held
Las Lomitas LLC
since 2015
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Cardiff, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cardiff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cardiff 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±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
$147 / 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
$77,360
Tax year 2024
Assessed value
$6,897,742
Assessed 2024
Previous assessed
$6,897,742
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,553,286
Assessed improvement
$4,344,456
Applied tax rate
19.0000
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 Lease
Year built
1991
Heating
NONE
Units
1
Total area
9,226 SF
Lot
0.31 ac (13,604 SF)
Zoning code
COMMERCIAL
APN
261-061-34-00
UPID
US09-7021496
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Cardiff, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · Cardiff, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Units
1
Lot
0.31 ac
Current owner
From public records · entity-resolved
Las Lomitas LLC
Entity
Mailing address
3615 KEARNY VILLA RD STE #101, SAN DIEGO, CA 92123-1965
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2015
$5,943,500
Las Lomitas LLC
1995 Schwartz Family LP
Grant Deed
$2,123,000 · First National Bank Of Southern Cal
May 16, 1997
$1,451,500
195 Schwartz Family LP
Cardiff Seashore Partners
Grant Deed
—
Dec 21, 1988
$380,000
Cardiff Seashore Partners
Unknown
Grant Deed
—
—
—
Seashore Cardiff
—
Deed Of Trust
related
$1,325,000 · Glendale Federal Bank
—
—
Seashore Cardiff
—
Deed Of Trust
related
$1,235,000 · Glendale Federal Bank
—
—
Schwartz Family LP
—
Deed Of Trust
related
$863,600 · Zions First National Bank
—
—
1995 Schwartz Family LP
—
Deed Of Trust
related
$870,900 · National Bank
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
