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Property profile & analytics
OFF-MARKET
Estimated value
$765,000
Retail space
235 Hwy 101 Solana Beach, CA 92075-1807
Trust Owned
Absentee Owner
Free & Clear
Property ID
US09-6924013
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
669 SF
Lot
0.24 ac (10,485 SF)
Zoning code
COMMERCIAL
APN
298-010-18-00
UPID
US09-6924013
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
-
velofitter (Bike/Boat/Book/etc) Store
-
Revolution Bike Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$780k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$897k
Blend (final)
Blend
$765k
Owner & transaction history
Jay Monsef Living Trust
Jay Monsef Living Trust
since 2025
Last sale
$750,000
5 recorded transactions
Zoning & alternative use
COMMERCIAL · Solana Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 1
Top alternative use upside
Commercial (general)
$1.1M
+81.5%
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 Solana Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solana Beach 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
$780,000
ML approach
$780,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$605,000
Current use
COMMERCIAL (GENERAL)
$1,100,000
Change: +81% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$765k
Range $689k – $842k · ±10% · vs last sale $750k (Jan 11 2023)
Last sale anchor
$750k
Jan 11 2023
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
$1,143 / 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
$6,724
Tax year 2024
Assessed value
$607,086
Assessed 2024
Previous assessed
$607,086
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$599,414
Assessed improvement
$7,672
Applied tax rate
18.0000
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
Heating
NONE
Total area
669 SF
Lot
0.24 ac (10,485 SF)
Zoning code
COMMERCIAL
APN
298-010-18-00
UPID
US09-6924013
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Solana Beach, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · Solana Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 1
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$605,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Heating
NONE
Lot
0.24 ac
Current owner
From public records · entity-resolved
Jay Monsef Living Trust
Trust
Free & Clear · 0 yrs held
Mailing address
417 N CEDROS AVE, SOLANA BEACH, CA 92075-4204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Aug 26, 2025
—
Jay Monsef Living Trust
Jay Monsef
Deed
related
—
Jan 11, 2023
—
Jay Monsef
Tadji Monsef
Intrafamily Transfer
related
—
Dec 6, 2022
—
Jay Monsef
Jay Monsef
Intrafamily Transfer
related
—
Jan 4, 1999
$52,000
Brizes,jeffrey C
E-z Equip Rental Centers INC
Trustees Deed
—
Jan 4, 1999
$750,000
Monsef,jay & Tadji
Brizes,jeffrey C
Trustees Deed
$375,000 · Bank Of America Community Dev
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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