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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Warehouses
270 Millar Ave 92 El Cajon, CA 92020-4219
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8811246
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
4,100 SF
Lot
0.26 ac (11,233 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
487-291-13-00
UPID
US09-8811246
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
-
Edick & Watt Inc General Contractor Construction Company
-
Dennis Cook Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.44M
Owner & transaction history
Cook Empire LLC · 4 yrs held
Cook Empire LLC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.9M
+71.8%
Office building
$1.5M
+30.6%
Retail stores
$1.2M
+3.7%
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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
$1,375,000
ML approach
$1,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,130,000
Current use
MEDICAL BUILDING
$1,945,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$1,480,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,175,000
Change: +4% · Conversion: Moderate
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.40M (Jun 21 2022)
Last sale anchor
$1.40M
Jun 21 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
$351 / 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
$27,085
Tax year 2024
Assessed value
$1,456,560
Assessed 2024
Previous assessed
$1,456,560
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$702,270
Assessed improvement
$754,290
Applied tax rate
3.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Units
1
Total area
4,100 SF
Lot
0.26 ac (11,233 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
487-291-13-00
UPID
US09-8811246
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · El Cajon, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
0.26 ac
Current owner
From public records · entity-resolved
Cook Empire LLC
Entity
Mailing address
4981 COLINA DR, LA MESA, CA 91942-9354
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
—
Cook Empire LLC
—
Deed
related
$294,000 · John Houge
Jun 21, 2022
$1,400,000
Cook Empire LLC
John Martin Houge
Grant Deed
$713,945 · Harvest Commercial Capital LLC
Jun 21, 2022
—
Cook Empire LLC
—
Deed
related
$589,000 · California Statewide Certified Developme
Jun 4, 2021
—
John M Houge
John M Houge
Intrafamily Transfer
related
—
Jun 6, 2016
—
John M Houge
—
Deed
related
$325,000 · Bank Of The West
Jun 1, 2016
—
John M Houge
Aanerud,shelley S
Quit Claim Deed
related
$260,000 · Bank Of The West
Jun 1, 2016
$650,000
John M Houge
Edick Family Trust
Grant Deed
$325,000 · Bank Of The West
Oct 14, 2013
—
Edick Family Trust
Edick Family Trust
Quit Claim Deed
related
—
Sep 22, 2000
—
David D Edick
Edick,david D & Heresa P
Quit Claim Deed
related
—
Jan 27, 1999
$210,000
David D Edick
Shafer,robert L & Paula R
Grant Deed
$163,207 · Valle De Oro Bank
—
—
Edick Family Trust
—
Deed Of Trust
related
$68,000 · California Bank & Trust
—
—
Robert L Shafer
—
Deed Of Trust
related
$125,000 · Individual
—
—
John M Houge
—
Deed Of Trust
related
$325,000 · Bank Of The West
—
—
Edick Trust
—
Deed Of Trust
related
$200,000 · California Bank & Trust
—
—
Edick,tr
—
Deed Of Trust
related
$350,000 · California Bank & Trust
—
—
Edick Family Trust
—
Deed Of Trust
related
$347,915 · California Bank & Trust
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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