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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Warehouses
2951 Norman Strasse Rd San Marcos, CA 92069-5933
Individually Owned
~
Est. High Equity
Property ID
US09-9731124
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
9,256 SF
Lot
1.45 ac (63,162 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
217-560-13-00
UPID
US09-9731124
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
-
Premier LDA Solutions Law Firm Accounting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.31M
Owner & transaction history
Al Hatset
Al Hatset
since 2026
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$141 / 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
$10,455
Tax year 2024
Assessed value
$932,732
Assessed 2024
Previous assessed
$932,732
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$555,344
Assessed improvement
$377,388
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Heating
NONE
Units
1
Total area
9,256 SF
Lot
1.45 ac (63,162 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
217-560-13-00
UPID
US09-9731124
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
1991
Heating
NONE
Units
1
Lot
1.45 ac
Current owner
From public records · entity-resolved
Al Hatset
Individual
Mailing address
2951 NORMAN STRASSE RD, SAN MARCOS, CA 92069-5933
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Jan 13, 2026
—
Al Hatset
Veta Hatset
Deed
related
—
Nov 9, 2012
$780,000
Al Hatset
Rlp Family LLC
Grant Deed
—
Sep 16, 2011
—
Gtp Infrastructure I LLC
Cricket Communications INC
Grant Deed
related
—
Jul 18, 2006
—
Cricket Communications INC
Rlp Family LLC
Grant Deed
related
—
Mar 1, 2000
—
Rlp Family
Singleton,robert A & Ictoria L
Quit Claim Deed
related
—
Feb 13, 1996
$462,500
Robert A Singleton
Bank Of Commerce
Grant Deed
$416,000 · Bank Of Commerce
Aug 16, 1995
$304,800
Bank Of Commerce
Holzhauer,craig B
Trustees Deed
related
—
Jul 14, 1989
—
Steven M Scott
Scott Kim L
Quit Claim Deed
related
—
Jul 14, 1989
$2,000
Craig Holzhauer
Holzhauer Craig
Grant Deed
related
$703,000 · Bank Of Commerce
Mar 25, 1988
—
Cris L Young
Young
Quit Claim Deed
related
—
Mar 25, 1988
$253,000
Craig Holzhauer
Madis
Trustees Deed
—
—
—
Rlp Family LLC
—
Deed Of Trust
related
$1,100,000 · Bank Of The West
—
—
Rlp Family LLC
—
Deed Of Trust
related
$800,000 · Bank Of The West
—
—
Singleton & Co INC
—
Deed Of Trust
related
$50,000 · Explorer Insurance Co
—
—
Rlp Family LLC
—
Deed Of Trust
related
$1,300,000 · Bank Of The West
—
—
Singleton & Hal Co
—
Deed Of Trust
related
—
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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