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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Warehouses
2340 Meyers Ave, Escondido, CA 92029-1008
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8389579
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
13,619 SF
Lot
0.71 ac (30,927 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-470-27-00
UPID
US09-8389579
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
-
HMT Electric, Inc. Electrical Service General Contractor
-
T-Mar Construction Inc Hardware & Home Improvement Interior Design
-
M W Hamilton Management Group Inc Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Escondido Joint Venture · 10 yrs held
Escondido Joint Venture
since 2015
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,040,000
6.5%
$2,810,000
7%
$2,610,000
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±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
$174 / 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
$28,254
Tax year 2024
Assessed value
$2,518,467
Assessed 2024
Previous assessed
$2,518,467
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$928,467
Assessed improvement
$1,590,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Heating
NONE
Units
1
Total area
13,619 SF
Lot
0.71 ac (30,927 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-470-27-00
UPID
US09-8389579
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CA
Zoning 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
Escondido. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Units
1
Lot
0.71 ac
Current owner
From public records · entity-resolved
Escondido Joint Venture
Entity
Mailing address
110 W A ST #1125, SAN DIEGO, CA 92101-3711
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Nov 18, 2015
—
Escondido Joint Venture
The Palm Group
Grant Deed
$1,085,000 · Citizens Business Bank
Aug 12, 2015
$2,170,000
Palm Group
Hmt Properties LLC
Grant Deed
—
Mar 12, 2013
$1,342,500
Hmt Properties LLC
Mulberry Jv LLC
Grant Deed
$681,500 · Regents Bank
Oct 3, 2003
$1,475,000
Mulberry Joint Venture LLC
Schofield,tr
Grant Deed
$1,282,500 · Merrill Lynch Business Finl Sv
Mar 31, 2000
$900,000
Schofield Trust
Reinhardt Trust
Grant Deed
—
Jun 21, 1989
$800,000
B & R Partnershi
Exchange Accommo
Trustees Deed
$765,000 · Bank Of San Diego
—
—
Reinhardt Trust
—
Deed Of Trust
related
$664,896 · General Electric Capital Corp
—
—
Hmt Properties LLC
—
Deed Of Trust
related
$681,500 · Regents Bank
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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