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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Retail space
240 Cedros Ave Solana Beach, CA 92075-1917
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8918576
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Total area
17,486 SF
Lot
0.44 ac (18,999 SF)
Zoning code
COMMERCIAL
APN
298-076-18-00
UPID
US09-8918576
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
-
Madeleine Café & Bakery Cafe & Coffee Shop
-
Rusty Sign Co. (Bike/Boat/Book/etc) Store Printing Service
-
Studio Penny Lane (Bike/Boat/Book/etc) Store
-
ATM Machine at Leaping Lotus Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.05M
Owner & transaction history
Cedros Venture Fund I LLC · 10 yrs held
Cedros Venture Fund I LLC
since 2016
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Solana Beach, CA
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,580,000
6.5%
$4,225,000
7%
$3,925,000
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±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
$135,175
Tax year 2024
Assessed value
$11,861,867
Assessed 2024
Previous assessed
$11,861,867
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$5,689,145
Assessed improvement
$6,172,722
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
Year built
2001
Heating
NONE
Units
1
Total area
17,486 SF
Lot
0.44 ac (18,999 SF)
Zoning code
COMMERCIAL
APN
298-076-18-00
UPID
US09-8918576
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
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Cedros Venture Fund I LLC
Entity
Mailing address
512 VIA DE LA VALLE STE #300, SOLANA BEACH, CA 92075-2715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2016
$10,425,000
Cedros Venture Fund I LLC
240 South Cedros LLC
Grant Deed
—
Jan 7, 2005
—
240 South Cedros LLC
Falcon Partnership
Quit Claim Deed
related
—
Sep 30, 1999
—
Falcon Partnership
Lake,gerald E Md
Quit Claim Deed
related
—
Jan 3, 1997
$378,000
240 Cedros Partners
Hodges,david
Trustees Deed
—
Jan 3, 1997
$615,000
Gerald E Lake Ppp
240 Cedros Partners
Trustees Deed
—
May 16, 1995
$378,000
Hodges,david
Clevenger Trust
Trustees Deed
$250,000 · First National Bank North Coun
May 16, 1995
—
David Hodges
Hodges,heidi
Quit Claim Deed
related
—
May 2, 1994
—
Ann C Etal Clevenger
Clevenger,ann C
Quit Claim Deed
related
—
—
—
Falcon Partnership
—
Deed Of Trust
related
$750,000 · Cdc Small Business Finance Co
—
—
Ann C Clevenger
—
Deed Of Trust
related
$50,000 · Williams Marge
—
—
240 South Cedros LLC
—
Deed Of Trust
related
$5,000,000 · Greenpoint Mortgage Funding
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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