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Property profile & analytics
OFF-MARKET
Estimated value
$1,715,000
Apartment buildings
260 Midway Dr Escondido, CA 92027-3337
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7372847
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Total area
9,999 SF
Lot
2.63 ac (114,562 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
231-092-39-00
UPID
US09-7372847
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
-
New Casa Apartment Building
-
Dentist SEO Experts Marketing & Advertising
-
Steven property Enhancement Garden Center Landscaping
-
Food Alchemy Network Gym & Fitness Center Alternative Medicine Practice
-
Manzanita Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.72M
Owner & transaction history
Cypress Cove Housing Associates LP · 10 yrs held
Cypress Cove Housing Associates LP
since 2015
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.7M
+25.4%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,185,000
Current use
WAREHOUSE, STORAGE
$2,745,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$1.72M
Range $1.54M – $1.89M · ±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
$172 / 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
$177
Tax year 2024
Assessed value
$7,369,717
Assessed 2024
Previous assessed
$7,369,717
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$2,210,914
Assessed improvement
$5,158,803
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1978
Heating
NONE
Units
50
Total area
9,999 SF
Lot
2.63 ac (114,562 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
231-092-39-00
UPID
US09-7372847
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · Escondido, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS) Current
WAREHOUSE, STORAGE
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
1978
Heating
NONE
Units
50
Lot
2.63 ac
Current owner
From public records · entity-resolved
Cypress Cove Housing Associates LP
Entity
Mailing address
2815 CAMINO DEL RIO S STE #350, SAN DIEGO, CA 92108-3816
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2017
—
Cypress Cove Housing Assocs LP
—
Deed
related
$1,000,000 · Miscellaneous Govt Agcy
Sep 4, 2015
$22,200,000
Cypress Cove Housing Associates LP
Bear Valley Rousing Associates LP
Grant Deed
$33,700,000 · Mufg Union Bank NA
Nov 13, 2014
$25,450,500
Bear Valley Housing Associates LP
Steadfast Cypress Cove LP
Grant Deed
$20,640,000 · Oak Grove Commercial Mortgage LLC
Dec 28, 2006
—
Web Service Co INC
Steadfast Cypress Cove
Grant Deed
related
—
May 25, 2000
$12,200,000
Cypress C Steadfast
—
Grant Deed
related
—
Nov 15, 1993
—
200 LP Midway
—
Grant Deed
related
$5,325,000 · Missouri Hanover Cap
Nov 22, 1989
$11,475,000
Providence Capit
Stone Creek Asso
Grant Deed
$2,375,000 · Stone Creek Associates
—
—
Bear Valley Housing Assocs LP
—
Deed Of Trust
related
$1,000,000 · Miscellaneous Govt Agcy
—
—
Cypress Cove Housing Assocs LP
—
Loan Modification
related
$1,000,000 · Miscellaneous Govt Agcy
—
—
Cypress Cove Housing Assocs LP
—
Deed Of Trust
related
$500,000 · Miscellaneous Govt Agcy
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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