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Property profile & analytics
OFF-MARKET
Estimated value
$4,795,000
Retail space
2204 Garnet Ave San Diego, CA 92109-3771
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8938848
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Total area
15,083 SF
Lot
0.29 ac (12,478 SF)
Zoning code
COMMERCIAL
APN
416-563-25-00
UPID
US09-8938848
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
-
I Am Ready Massage & Wellness Alternative Medicine Practice Spa & Massage Center
-
Steven Nguyen: Allstate Insurance Insurance Agency
-
BLUMENFELD HEALTHCARE LLC Home Health Care Service
-
Digital Web Geeks Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Dr. Brady Moore Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.60M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$4.80M
Owner & transaction history
Med Spa Plaza LLC · 2 yrs held
Med Spa Plaza LLC
since 2024
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, 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 San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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%
$6,070,000
6.5%
$5,600,000
7%
$5,200,000
Blend value · Realmo final
$4.80M
Range $4.32M – $5.27M · ±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
$318 / 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
$59,180
Tax year 2024
Assessed value
$4,816,170
Assessed 2024
Previous assessed
$4,816,170
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,946,807
Assessed improvement
$869,363
Applied tax rate
8.0000
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
Off-Market
Year built
1983
Heating
NONE
Units
1
Total area
15,083 SF
Lot
0.29 ac (12,478 SF)
Zoning code
COMMERCIAL
APN
416-563-25-00
UPID
US09-8938848
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Heating
NONE
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Med Spa Plaza LLC
Entity
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2024
—
Med Spa Plaza LLC
Jerry H Thrush
Grant Deed
—
Jan 16, 2024
—
Jerry H Thrush
Shirley R Thrush
Intrafamily Transfer
related
—
Dec 12, 2023
—
Shirley R Thrush
Pb Med Spa Plaza LLC
Intrafamily Transfer
related
—
Feb 1, 2023
—
Pb Med Spa Plaza LLC
Shirley R Thrush
Quit Claim Deed
related
—
Aug 27, 2020
—
Pacific Classical Family Trust
Exeter 19435 Wy LLC
Quit Claim Deed
related
—
Jan 6, 2020
$4,515,000
Exeter 19435 Wy LLC
Iac Management LLC
Grant Deed
—
Nov 8, 2010
$1,815,000
Iac Management LLC
Storrs,cheryl K
Grant Deed
—
Jul 1, 2009
—
Cheryl K Storrs
Storrs,norven W
Affidavit Of Death
related
—
Jun 1, 2006
—
Norven W Storrs
American Property Ents
Quit Claim Deed
related
—
Apr 10, 2006
—
American Property Ents
Stotts,norven W & Cheryl K
Grant Deed
—
Oct 21, 2004
$3,350,000
Norven W Storrs
Hansen Family Trust
Grant Deed
$2,276,200 · Quaker City Bank
Dec 18, 1992
$1,000,000
Gregory F Hansen
Home Sav America
Grant Deed
$750,000 · Home Savings Of America
Sep 3, 1992
$1,247,500
Sav America Home
Cldc Office Bldr
Trustees Deed
related
—
—
—
Gregory F Hansen
—
Deed Of Trust
related
$1,200,000 · Quaker City Federal S & L
—
—
Hansen,tr
—
Deed Of Trust
related
$1,540,000 · North Island Financial Cu
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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