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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2966 Santa Fe Ave San Marcos, CA 92069-6049

    • Retail space
    • 2,187 SF
    • 0.66 lot acres
    OFF-MARKET
    Last Sale
    Jan 24, 2022
    Value Estimations
    $435,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9731112
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pepe’s tacos Mexican Style / Taco Restaurant
    • Gourmet Liquor / Liquor Store

    Property Details for 2966 Santa Fe Ave

    Year built
    1973
    Lot size
    0.66 lot acres
    Property size
    2,187 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    217-161-17-00
    APU
    2171611700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $340,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $575,000
      6.5%
      $530,000
      7%
      $490,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $530,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    San Diego
    State
    California
    Longitude
    -117.2
    Latitude
    33.1575
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $4,566
    $321,136
    $68,318
    $389,454
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,390,000
      9,999 SF

      1050 Los Vallecitos Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,999 SF
      1050 Los Vallecitos Blvd, San Marcos, CA 92069-1469
      View Details
    • Value Estimation
      $1,340,000
      21,120 SF

      1122 Los Vallecitos Blvd

      RETAIL STORES (PERSONAL SERVICES) • 21,120 SF
      1122 Los Vallecitos Blvd, San Marcos, CA 92069-1465
      View Details
    • Value Estimation
      $565,000
      3,889 SF

      442 Msn Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,889 SF
      442 Msn Rd, San Marcos, CA 92069-6507
      View Details
    • Value Estimation
      $890,000
      19,350 SF

      1531 Msn Rd, Unit 51

      RETAIL STORES (PERSONAL SERVICES) • 19,350 SF
      1531 Msn Rd, San Marcos, CA 92069-1255
      View Details
    • Value Estimation
      $650,000
      17,534 SF

      751 Rancheros Dr

      RETAIL STORES (PERSONAL SERVICES) • 17,534 SF
      751 Rancheros Dr, San Marcos, CA 92069-3041
      View Details
    • Value Estimation
      $1,045,000
      6,048 SF

      225 Rancho Santa Fe Rd, Unit 45

      RETAIL STORES (PERSONAL SERVICES) • 6,048 SF
      225 Rancho Santa Fe Rd, San Marcos, CA 92069-1219
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,077 SF

      San Marcos Warehouse - 17,077 SF

      Freestanding warehouse, ideal location, flexible zoning.
      2175 Montiel Rd, San Marcos, CA 92069
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    • $2,590,000
      7,683 SF

      San Marcos Industrial Property Available

      Industrial property in San Marcos, part of the Innovate78 Corridor.
      870 Rancheros Dr, San Marcos, CA 92069
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    • $4,579,000
      17,280 SF

      Freestanding Industrial Building in San Marcos

      San Marcos industrial building with occupancy available January 1, 2026.
      1370 Armorlite Dr, San Marcos, CA 92069
      View Details
    • $2,995,000

      San Marcos NNN Property

      NNN property available in San Marcos, California.
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    • $330,000

      Land For Sale San Marcos

      Land available for purchase in San Marcos, California.
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      Commercial Land For Sale

      Commercial land available for sale.
      302 N Pacific St, San Marcos, CA 92069
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    Similar Nearby for Lease

    • $1.45 SF/Yr
      82,436 SF

      Grocery Anchored Retail Space Available

      Retail spaces available within a Stater Brothers anchored shopping center.
      1230-1350 E Mission Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      1,282 SF

      Retail Space Available For Rent

      Retail space available for lease.
      157 N Twin Oaks Valley Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      31,579 SF

      San Marcos Retail Center Investment

      Prime San Marcos Retail, Multiple Tenants
      100 Rancho Santa Fe Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      4,820 SF

      San Marcos Retail Space Available

      4,820 SF retail space in freeway-visible San Marcos center.
      2055-2155 Montiel Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space in San Marcos

      Retail space available for lease in San Marcos, CA.
      330 Rancheros Dr, San Marcos, CA 92069
      View Details
    • Contact for pricing
      1,408 SF

      Retail Space in Nordahl Marketplace

      Retail spaces available for lease in San Marcos, California.
      751 Center Dr, San Marcos, CA 92069
      View Details
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    San Marcos, CA 92069-6049
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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