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Property profile & analytics
OFF-MARKET
Estimated value
$2,115,000
Warehouses
225 16th St 31, National City, CA 91950-4414
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0004042
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
4,910 SF
Lot
0.2 ac (8,684 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
560-066-21-00
UPID
US10-0004042
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
-
Oasis Portable Toilet Rentals Building Supply
-
13Zero3 Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.12M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.12M
Owner & transaction history
Joshua J Rangel · 2 yrs held
Joshua J Rangel
since 2024
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.3M
+154.0%
Office building
$1.8M
+93.0%
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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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
$2,115,000
ML approach
$2,115,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,330,000
Change: +154% · Conversion: Difficult
OFFICE BUILDING
$1,770,000
Change: +93% · Conversion: Difficult
Blend value · Realmo final
$2.12M
Range $1.90M – $2.33M · ±10% · vs last sale $2.12M (May 17 2024)
Last sale anchor
$2.12M
May 17 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
$431 / 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
$13,097
Tax year 2024
Assessed value
$1,104,578
Assessed 2024
Previous assessed
$1,104,578
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$661,654
Assessed improvement
$442,924
Applied tax rate
6.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Heating
NONE
Units
1
Total area
4,910 SF
Lot
0.2 ac (8,684 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
560-066-21-00
UPID
US10-0004042
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.3M
OFFICE BUILDING
Est. value
$1.8M
MEDICAL BUILDING
OFFICE BUILDING
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
1991
Heating
NONE
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Joshua J Rangel
Individual
Mailing address
171 OLD RNCH RD, CHULA VISTA, CA 91910-5010
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2024
$2,115,000
Joshua J Rangel
Teo Elly LLC
Grant Deed
$1,057,500 · Jpmorgan Chase Bank NA
May 17, 2024
—
Joshua J Rangel
—
Deed
related
$870,000 · California Statewide Certified Developme
Mar 14, 2024
—
Teo Elly LLC
—
Deed
related
$750,000 · Athletic Brewing Company LLC
Sep 28, 2018
$1,010,000
Teo Elly LLC
Zhongsheng Chen
Grant Deed
$946,100 · Us Bank NA
Jun 17, 2015
$709,000
Zhongsheng Chen
Jeffrey B Kangas
Grant Deed
$567,200 · Jpmorgan Chase Bank NA
Jun 16, 1999
$360,000
Jeffery B Kangas
Briggs,joan S
Grant Deed
$180,000 · Wells Fargo Bank
Aug 22, 1996
—
Joan Susanne Richards
Richards,robert J
Quit Claim Deed
related
—
—
—
Jeffery B Kangas
—
Deed Of Trust
related
$150,000 · Cdc Small Business Finance Co
—
—
Robert J Richards
—
Deed Of Trust
related
$177,279 · San Diego National Bank
—
—
Robert J Richards
—
Deed Of Trust
related
$11,000 · Individual
—
—
Robert J Richards
—
Deed Of Trust
related
$9,593 · Vancon Corporation
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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