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Property profile & analytics
OFF-MARKET
Estimated value
$16,035,000
Strip malls
2673 Via De La Valle 2735 Del Mar, CA 92014-1912
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8382981
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1976
Total area
98,636 SF
Lot
10.35 ac (450,846 SF)
Zoning code
COMMERCIAL
APN
298-490-41-00
UPID
US09-8382981
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
-
Poppy Bank Bank Loan Service
-
Horse and Rider Boutique (Bike/Boat/Book/etc) Store Pet Store & Service
-
Wink Optometry & Eyewear Physician
-
Sun Splash Swimwear Swimwear Store Dress Store
-
Spartan Safe of San Diego Locksmith (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.04M
Owner & transaction history
Larry Mabee · 19 yrs held
Larry Mabee
since 2007
4 recorded transactions
Zoning & alternative use
COMMERCIAL · Del Mar, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$163 / 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
$463,385
Tax year 2024
Assessed value
$43,406,685
Assessed 2024
Previous assessed
$43,406,685
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$24,677,551
Assessed improvement
$18,729,134
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
Off-Market
Year built
1976
Heating
NONE
Units
1
Total area
98,636 SF
Lot
10.35 ac (450,846 SF)
Zoning code
COMMERCIAL
APN
298-490-41-00
UPID
US09-8382981
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Del Mar, CAZoning 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
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Units
1
Lot
10.35 ac
Current owner
From public records · entity-resolved
Larry Mabee
Individual
Mailing address
2775 VIA DE LA VALLE STE #200, DEL MAR, CA 92014-1920
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2018
—
Golden Eagle R & E Invs LP
—
Grant Deed
related
$25,000,000 · Wells Fargo Bk
Apr 9, 2007
—
Larry Mabee
Mabee Family Trust
Quit Claim Deed
related
—
Apr 5, 2007
—
Mabee Family Trust
Mabee Family Trust
Quit Claim Deed
related
—
Jun 28, 1996
—
John C Mabee
—
Deed Of Trust
related
$44,630,000 · Wells Fargo Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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