New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,505,000
Retail space
229 National City Blvd National City, CA 91950-1108
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7651904
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1983
Total area
6,250 SF
Lot
0.16 ac (7,120 SF)
Zoning code
COMMERCIAL
APN
556-101-02-00
UPID
US09-7651904
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
-
California Racking and Shelving Material Handling Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.51M
Owner & transaction history
241 National City Blvd Fund LLC · 1 yrs held
241 National City Blvd Fund LLC
since 2024
7 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+45.8%
Industrial (general)
$1.7M
+10.2%
Apartment house (5+ units)
$1.6M
+3.0%
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
$1,500,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,405,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,545,000
Current use
OFFICE BUILDING
$2,255,000
Change: +46% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,705,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,595,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.35M – $1.66M · ±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
$241 / 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
$4,790
Tax year 2024
Assessed value
$381,732
Assessed 2024
Previous assessed
$381,732
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$258,595
Assessed improvement
$123,137
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1983
Heating
NONE
Units
1
Total area
6,250 SF
Lot
0.16 ac (7,120 SF)
Zoning code
COMMERCIAL
APN
556-101-02-00
UPID
US09-7651904
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · National City, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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
RETAIL STORES Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$2.3M
INDUSTRIAL (GENERAL)
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RETAIL STORES Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1983
Heating
NONE
Units
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
241 National City Blvd Fund LLC
Entity
Free & Clear · 1 yrs held
Mailing address
701 NATIONAL CITY BLVD, NATIONAL CITY, CA 91950-1123
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
—
241 National City Blvd Fund LLC
Integrity Charter School
Grant Deed
—
May 20, 2024
$1,500,000
Integrity Charter School
Eric C Luna
Grant Deed
—
May 20, 2024
—
Eric C Luna
701 National City Boulevard Fund
Quit Claim Deed
related
—
Dec 14, 2012
—
Bfc 401k Roth
Bfc 401k
Quit Claim Deed
related
—
Apr 2, 2012
$310,000
Bfc 401k
Waterfall Victoria M 2010-sbc1
Grant Deed
—
Jul 12, 2011
$310,551
Victoria 2010-sbc1 Waterfall
Meridian Foreclosure Svc
Trustees Deed
related
—
Jul 17, 2007
—
Jose N Hernandez
Hernandez,jnicacio
Quit Claim Deed
related
$583,000 · Greenpoint Mortgage Funding
Aug 16, 2004
$743,000
Jnicacio Hernandez
National City Slough LLC
Grant Deed
$652,400 · Cnl Commercial Lending Corp
Aug 16, 2004
—
Jnicario Hernandez
Hernandez,marcela S
Quit Claim Deed
related
—
Sep 10, 2003
$2,495,000
National City Slough LLC
Haas,tr
Grant Deed
$1,700,000 · First Future Cu
Jul 14, 2000
$1,450,000
John D Haas
Shore Properties
Grant Deed
$580,000 · Wells Fargo Bank
—
—
John D Haas
—
Deed Of Trust
related
$598,000 · Cdc Small Business Finance Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 229 National City Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
