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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Medical Office Space
2280 Micro Pl Escondido, CA 92029-1011
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-9475000
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
10,080 SF
Lot
0.52 ac (22,651 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-470-34-00
UPID
US09-9475000
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
-
Ingenium Sanitation Service
-
Erosion Control Construction Company
-
Velocity Glazing Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.39M
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.32M
Owner & transaction history
2280 Micro Place LLC · 5 yrs held
2280 Micro Place LLC
since 2021
Last sale
$1.9M
5 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Planning | Escondido, CA
Top alternative use upside
Auto repair, garage
$3.9M
+25.3%
Office building
$3.6M
+18.4%
Warehouse, storage
$3.1M
+1.4%
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
$2,710,000
ML approach
$2,385,000
CAP Approach
CAP Return
Estimation
6%
$2,990,000
6.5%
$2,760,000
7%
$2,560,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,070,000
Current use
AUTO REPAIR, GARAGE
$3,850,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$3,635,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$3,115,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,475,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±10% · vs last sale $1.85M (May 20 2021)
Last sale anchor
$1.85M
May 20 2021
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
$230 / 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
$22,059
Tax year 2024
Assessed value
$1,963,234
Assessed 2024
Previous assessed
$1,963,234
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$636,724
Assessed improvement
$1,326,510
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Heating
NONE
Units
1
Total area
10,080 SF
Lot
0.52 ac (22,651 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-470-34-00
UPID
US09-9475000
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CAZoning 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
Source
Planning | Escondido, CA
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.6M
WAREHOUSE, STORAGE
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
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
1979
Heating
NONE
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
2280 Micro Place LLC
Entity
Mailing address
PO BOX 460715, ESCONDIDO, CA 92046-0715
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2021
$1,850,000
2280 Micro Place LLC
George Acquavella
Grant Deed
$1,572,500 · Bank Of The West
Dec 4, 2015
—
Acquavella,george Trust
Acquavella George Trust
Quit Claim Deed
related
—
—
—
Richard D Blais
—
Deed Of Trust
related
$348,000 · Bank Of Commerce
—
—
Acquavella George Trust
—
Deed Of Trust
related
$400,000 · California Community Bank
—
—
Acquavella,george Trust
—
Loan Modification
related
$188,808 · Regents Bk
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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