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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Apartment buildings
224 Sycamore Rd 35 San Diego, CA 92173-2941
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7222585
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1984
Total area
29,200 SF
Lot
1.01 ac (43,995 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
666-170-02-00
UPID
US09-7222585
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
-
Sycamore Terrace Apartments Restaurant Take-out & Catering
-
King of Kings Plastering General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.78M
Owner & transaction history
F & M R & E INC · 7 yrs held
F & M R & E INC
since 2018
7 recorded transactions
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$164 / 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
$63,179
Tax year 2024
Assessed value
$5,101,841
Assessed 2024
Previous assessed
$5,101,841
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$2,129,907
Assessed improvement
$2,971,934
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1984
Heating
NONE
Units
40
Total area
29,200 SF
Lot
1.01 ac (43,995 SF)
Zoning code
R-4:MULTIPLE RESIDENTIAL
APN
666-170-02-00
UPID
US09-7222585
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-4:MULTIPLE RESIDENTIAL · San Diego, CA
Zoning R-4:MULTIPLE RESIDENTIAL · permitted uses
R-4:MULTIPLE RESIDENTIAL · 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
1984
Heating
NONE
Units
40
Lot
1.01 ac
Current owner
From public records · entity-resolved
F & M R & E INC
Entity
Mailing address
2004 DAIRY MART RD STE #102, SAN YSIDRO, CA 92173-1882
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2020
—
F & R Real Estate INC
—
Deed
related
$4,000,000 · River City Bank
Jul 31, 2018
—
F & M R & E INC
Mexfront Border Invs INC
Quit Claim Deed
related
$2,500,000 · Farmers & Merchants Bk/lng Bch
May 4, 2005
—
Mexfront Border Inv Co INC
Owner Name Unavailable
Grant Deed
related
—
Jun 10, 2004
—
Mexfront Border Investment Co
Web Service Co INC
Quit Claim Deed
related
—
Jun 7, 2004
—
Sycamor Terrace Apt LP
Mexfront Border Investment Co
Grant Deed
related
—
May 23, 1989
—
Border Investment C Mexfront
Unknown
Grant Deed
related
—
—
—
F & R Real Estate INC
—
Deed Of Trust
related
$2,500,000 · Farmers & Merchants Bk/lng Bch
—
—
Mexfront Border Invs INC
—
Deed Of Trust
related
$3,401,085 · Citibank West Fsb
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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