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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
Manufacturing properties
2855 Progress Pl Escondido, CA 92029-1516
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US09-9475012
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1997
Total area
9,088 SF
Lot
1.5 ac (65,340 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-520-02-00
UPID
US09-9475012
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
-
Downstream Services, Inc. Environmental Consultant Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.01M
Owner & transaction history
Progress LLC · 22 yrs held
Progress LLC
since 2004
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Escondido, 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$111 / 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
$12,554
Tax year 2024
Assessed value
$1,113,898
Assessed 2024
Previous assessed
$1,113,898
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$258,105
Assessed improvement
$855,793
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
1997
Heating
NONE
Units
1
Total area
9,088 SF
Lot
1.5 ac (65,340 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
228-520-02-00
UPID
US09-9475012
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.
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Units
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Progress LLC
Entity
Mailing address
2855 PROGRESS PL, ESCONDIDO, CA 92029-1516
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2004
—
Progress LLC
Roberts,tr
Quit Claim Deed
related
—
Aug 20, 2003
—
Roberts,tr
—
Trustees Deed
related
$1,550,000 · California Bank & Trust
Apr 14, 1997
—
Victor Norman Etal Roberts
Roberts,victor Norman Etal
Quit Claim Deed
related
—
Mar 19, 1997
—
Victor N Roberts
—
Grant Deed
related
$675,000 · First Pacific Bank
Jul 18, 1995
$251,500
Victor N Roberts
Nordahl Industrial Park LP
Grant Deed
$226,002 · Seller
Dec 23, 1992
$1,500,000
Industrial Park L P Nordahl
—
Grant Deed
related
—
Nov 19, 1991
$3,700,000
Financial Peele
Oakwood Business
Trustees Deed
related
—
Sep 29, 1989
—
Oakwood Business
—
Grant Deed
related
$2,450,000 · Torrey Pines Bank
—
—
Progress LLC
—
Deed Of Trust
related
$1,600,000 · Ica Mortgage Capital LLC
—
—
Alex Varga
—
Deed Of Trust
related
$193,600 · Home Savings Of America
—
—
Roberts Trust
—
Deed Of Trust
related
$335,000 · Cdc Small Business Finance Co
—
—
Victor M Roberts
—
Deed Of Trust
related
$150,000 · First Pacific Bank
—
—
Alex Vargta
—
Deed Of Trust
related
—
—
—
Roberts Trust
—
Deed Of Trust
related
$350,000 · First Pacific 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.
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