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Property profile & analytics
OFF-MARKET
Estimated value
$3,750,000
Auto shops
2213 Meyers Ave Escondido, CA 92029-1005
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9475003
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1987
Total area
6,000 SF
Lot
1.69 ac (73,616 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-380-30-00
UPID
US09-9475003
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$3.75M
Owner & transaction history
Sp At Meyers LLC · 1 yrs held
Sp At Meyers LLC
since 2024
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.4M
+136.0%
Restaurant
$3.9M
+71.8%
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 Escondido submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Escondido 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
$3,750,000
ML approach
$3,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,290,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,405,000
Change: +136% · Conversion: Difficult
RESTAURANT
$3,935,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$3.75M
Range $3.38M – $4.13M · ±10% · vs last sale $3.75M (Aug 15 2024)
Last sale anchor
$3.75M
Aug 15 2024
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
$625 / 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
$27,529
Tax year 2024
Assessed value
$2,450,000
Assessed 2024
Previous assessed
$2,450,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,158,000
Assessed improvement
$292,000
Applied tax rate
4.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1987
Heating
NONE
Units
1
Total area
6,000 SF
Lot
1.69 ac (73,616 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-380-30-00
UPID
US09-9475003
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Escondido, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Escondido. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.4M
RESTAURANT
Est. value
$3.9M
AUTO REPAIR, GARAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
1987
Heating
NONE
Units
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
Sp At Meyers LLC
Entity
Mailing address
315 S COAST HWY 101ST DR, ENCINITAS, CA 92024-3543
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
$3,750,000
Sp At Meyers LLC
Sc Property Partners LLC
Grant Deed
$2,457,321 · Citizens Business Bank
Feb 22, 2019
—
Act Prop Acquisition Ptrs II L
—
Deed
related
$1,410,000 · Pinnacle Bk
Jan 29, 2008
$2,700,000
Act Prop Acquisition Ptrs II
Lothspeich Family Trust
Grant Deed
$1,350,000 · California Bank & Trust
Aug 25, 1999
—
Richard A Etal Lothspeich
Lothspeich,richard A Etal
Quit Claim Deed
related
—
Mar 11, 1997
$547,500
Richard A Lothspeich
Kolbeck,michael F & Eileen L
Grant Deed
$298,183 · Temecula Valley National Bank
Dec 12, 1994
—
Michael F Kolbeck
Kolbeck,michael F
Quit Claim Deed
related
—
Nov 2, 1994
—
Michael F Kolbeck
Kolbeck,eileen
Quit Claim Deed
related
—
—
—
Act Prop Acquisition Ptrs II L
—
Deed Of Trust
related
$1,410,000 · Pinnacle Bk
—
—
Michael Kolbeck
—
Deed Of Trust
related
$228,600 · Bank Of Commerce
—
—
Lothspeich Trust
—
Deed Of Trust
related
$100,000 · Lockard Trust
—
—
Lothspeich Family Trust
—
Deed Of Trust
related
$1,245,000 · First National Bank
—
—
Michael Kolbeck
—
Deed Of Trust
related
$82,000 · Bank Of Commerce
—
—
Michael F Kolbeck
—
Deed Of Trust
related
$300,000 · Limon Trust
—
—
Richard A Lothspeich
—
Deed Of Trust
related
$238,000 · Cdc Small Business Finance Co
—
—
Michael F Kolbeck
—
Deed Of Trust
related
$300,000 · Individual
—
—
Richard A Lothspeich
—
Deed Of Trust
related
$500,000 · Lockard Trust
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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