New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,615,000
Strip malls
2323 Division St National City, CA 91950-1931
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9480019
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1965
Total area
77,463 SF
Lot
6.15 ac (267,894 SF)
Zoning code
COMMERCIAL
APN
552-283-11-00
UPID
US09-9480019
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
-
El Nuevo Milenio Restaurant
-
Blue Sky Coin Laundry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.67M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.59M
Blend (final)
Blend
$2.62M
Owner & transaction history
Nat City Spe LLC · 6 yrs held
Nat City Spe LLC
since 2020
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, 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 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
$2,280,000
ML approach
$2,665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.62M
Range $2.35M – $2.88M · ±10% · vs last sale $2.60M (Jan 24 2020)
Last sale anchor
$2.60M
Jan 24 2020
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
$34 / 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
$205,731
Tax year 2024
Assessed value
$16,170,446
Assessed 2024
Previous assessed
$16,170,446
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$10,533,686
Assessed improvement
$5,636,760
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1965
Heating
NONE
Units
1
Total area
77,463 SF
Lot
6.15 ac (267,894 SF)
Zoning code
COMMERCIAL
APN
552-283-11-00
UPID
US09-9480019
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.
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Units
1
Lot
6.15 ac
Current owner
From public records · entity-resolved
Nat City Spe LLC
Entity
Mailing address
1234 E 17TH ST, SANTA ANA, CA 92701-2612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Dec 17, 2021
—
Nat City Spe LLC
—
Deed
related
$8,600,000 · John Hancock Life Insurance Company USA
Jan 24, 2020
—
Nat City Spe LLC
Sue Pebley Management LP
Quit Claim Deed
$8,600,000 · Miscellaneous Ins Co
Dec 21, 2018
$2,600,000
Plm Properties
Nat City LLC
Grant Deed
—
Dec 21, 2018
—
Sue Pebley Management LP
—
Deed
related
—
Aug 7, 2015
$14,875,000
Sue Pebley Management LP
National City Plaza LLC
Grant Deed
$8,000,000 · Farmers & Merchants Bk/lng Bch
Sep 23, 1996
—
William E Etal Ward
Ward,william E
Quit Claim Deed
related
—
—
—
Sue Pebley Management LP
—
Loan Modification
related
—
—
—
National City Plaza LLC
—
Deed Of Trust
related
—
—
—
Sue Pebley Management LP
—
Loan Modification
related
$8,400,000 · Farmers & Merchants Bk/lng Bch
—
—
National City Plaza LLC
—
Deed Of Trust
related
$6,800,000 · Standard Insurance Co
—
—
National City Plaza LLC
—
Deed Of Trust
related
$2,400,000 · Stancorp Mortgage Investors
—
—
National City Plaza LLC
—
Deed Of Trust
related
$1,600,000 · Standard Insurance 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 2323 Division St?
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.
