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Property profile & analytics
OFF-MARKET
Estimated value
$3,075,000
Manufacturing properties
2910 Norman Strasse Rd 20 San Marcos, CA 92069-5934
Individually Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9715722
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Total area
30,132 SF
Lot
2.25 ac (98,010 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
217-560-20-00
UPID
US09-9715722
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
-
Fieldsheer Factory Textile Manufacturer
-
Tru's Garage Door Repair Building Supply General Contractor
-
International Eyelets Inc Electronics & Wireless Store
-
Tacit Ems Industrial Manufacturer Production Facility
-
Top Notch Flood inc Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$3.08M
Owner & transaction history
Morgan-alton Ltd · 25 yrs held
Morgan-alton Ltd
since 2001
6 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, 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 San Marcos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Marcos 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
Blend value · Realmo final
$3.08M
Range $2.77M – $3.38M · ±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
$102 / 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
$35,013
Tax year 2024
Assessed value
$3,161,421
Assessed 2024
Previous assessed
$3,161,421
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$886,374
Assessed improvement
$2,275,047
Applied tax rate
13.0000
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
1990
Heating
NONE
Units
1
Total area
30,132 SF
Lot
2.25 ac (98,010 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
217-560-20-00
UPID
US09-9715722
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · San Marcos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Marcos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Units
1
Lot
2.25 ac
Current owner
From public records · entity-resolved
Morgan-alton Ltd
Individual
Mailing address
15375 BARRANCA PKWY STE K102, IRVINE, CA 92618-2211
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2021
—
Morgan Alton Ltd
—
Deed
related
$1,000,000 · Jpmorgan Chase Bank NA
Dec 20, 2011
—
Morgan-alton Ltd
—
Deed Of Trust
related
$2,175,000 · Queyrel Paul F Trust (pt)
Apr 5, 2001
—
Morgan-alton Ltd
Amprop Santa Fe LLC
Grant Deed
related
—
Aug 24, 1998
$2,676,500
Amprop Santa Fe LLC
Rincon Partners
Grant Deed
$2,250,000 · Principal Commercial Advisor
Nov 23, 1988
$2,754,734
Koll Business Centers Santa Fe
Unknown
Grant Deed
—
—
—
Morgan Alton Ltd
—
Deed Of Trust
related
$2,400,000 · Nationwide Plaza
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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