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Property profile & analytics
OFF-MARKET
Estimated value
$18,455,000
Manufacturing properties
2425 Auto Park Way Escondido, CA 92029-1222
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9165655
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Total area
89,954 SF
Lot
6.4 ac (278,784 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-381-50-00
UPID
US09-9165655
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
-
Daikin Comfort Distribution Center Logistics Company
-
Sound Image Electronics & Wireless Store Big Box & Wholesale Store
-
Clair Global Tech Support Center Rental Equipment Company
-
Unisound Department Store
-
LBA Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.46M
Owner & transaction history
Auto Park Way Owner LLC · 3 yrs held
Auto Park Way Owner LLC
since 2022
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$27.8M
+25.9%
Medical building
$27.4M
+24.2%
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
$18,540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,550,000
6.5%
$15,275,000
7%
$14,185,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$22,070,000
Current use
WAREHOUSE, STORAGE
$27,790,000
Change: +26% · Conversion: Easy
MEDICAL BUILDING
$27,395,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$18.46M
Range $16.61M – $20.30M · ±10% · vs last sale $20.00M (Dec 5 2022)
Last sale anchor
$20.00M
Dec 5 2022
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
$205 / 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
$228,777
Tax year 2024
Assessed value
$20,400,000
Assessed 2024
Previous assessed
$20,400,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$10,200,000
Assessed improvement
$10,200,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1982
Heating
NONE
Units
1
Total area
89,954 SF
Lot
6.4 ac (278,784 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-381-50-00
UPID
US09-9165655
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$22.1M
WAREHOUSE, STORAGE
Est. value
$27.8M
MEDICAL BUILDING
Est. value
$27.4M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
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
1982
Heating
NONE
Units
1
Lot
6.4 ac
Current owner
From public records · entity-resolved
Auto Park Way Owner LLC
Entity
Mailing address
669 2ND ST, ENCINITAS, CA 92024-3507
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
$20,000,000
Auto Park Way Owner LLC
Shadoan Holdings LLC
Grant Deed
$12,000,000 · Jackson National Life Insurance Com
Apr 3, 2017
—
Shadoan Holdings LLC
—
Deed
related
$6,032,000 · Comerica Bk
Nov 6, 2015
$7,489,000
Shadoan Holdings LLC
Lba Realty Fund Holdings Co II A Ll
Grant Deed
$6,032,000 · Comerica Bank
May 2, 2011
—
Lba Realty Fund Holding Co II A LLC
Lba Realty Fund Holding Co II LLC
Grant Deed
$34,547,500 · Jpmorgan Chase Bank NA
Dec 23, 2005
—
Lba Realty Fund-holding Co II
Lba Realty Fund-holding Co I L
Quit Claim Deed
—
Mar 28, 2005
—
Lba Realty Fund-holding Co I L
—
Grant Deed
related
$95,000,000 · Bank Of America
Sep 30, 2004
$5,650,000
Lba Realty Fund-holding Co I L
Industrial Of Diagnostics Manufac
Grant Deed
related
—
—
—
Shadoan Holdings LLC
—
Loan Modification
related
$6,032,000 · Comerica Bk
—
—
Lba Realty Fund-holding Co II
—
Deed Of Trust
related
$35,351,000 · Metropolitan Life Insurance
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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