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Property profile & analytics
FOR LEASE
Strip malls
2636 Via De La Valle, Del Mar, CA 92014
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6789411
For Lease
1 / 2
Contact for pricing
2636 Via De La Valle, Del Mar, CA 92014
View Listing →
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
70,334 SF
Lot
9.92 ac (432,115 SF)
Zoning code
COMMERCIAL
APN
298-490-50-00
UPID
US09-6789411
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
-
Capsyl Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$112.76M
Blend (final)
Blend
$81.12M
Owner & transaction history
Fhe Tic LLC · 4 yrs held
Fhe Tic LLC
since 2022
Last sale
$90.5M
2 recorded transactions
Zoning & alternative use
COMMERCIAL · Del Mar, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$115.6M
+82.4%
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 Del Mar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Del Mar 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
$83,525,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$63,370,000
Current use
COMMERCIAL (GENERAL)
$115,560,000
Change: +82% · Conversion: Easy
Blend value · Realmo final
$81.12M
Range $73.01M – $89.23M · ±10% · vs last sale $90.51M (Mar 25 2022)
Last sale anchor
$90.51M
Mar 25 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
$1,153 / 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
$1,346,885
Tax year 2024
Assessed value
$126,238,202
Assessed 2024
Previous assessed
$126,238,202
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$78,030,000
Assessed improvement
$48,208,202
Applied tax rate
8.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Heating
NONE
Units
1
Total area
70,334 SF
Lot
9.92 ac (432,115 SF)
Zoning code
COMMERCIAL
APN
298-490-50-00
UPID
US09-6789411
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Del Mar, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Del Mar, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Del Mar. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$63.4M
COMMERCIAL (GENERAL)
Est. value
$115.6M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
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
Units
1
Lot
9.92 ac
Current owner
From public records · entity-resolved
Fhe Tic LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1945 PLACENTIA AVE STE D, COSTA MESA, CA 92627-6274
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
$4,162,000
Fhe Tic LLC
Protea Flower Hill Mall LLC
Grant Deed
—
Mar 25, 2022
$90,512,000
Boardwalk Flower Hill Shops LLC
Protea Flower Hill Mall LLC
Grant Deed
—
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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