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Property profile & analytics
OFF-MARKET
Estimated value
$7,310,000
Grocery and convenience stores
303 Highland Ave National City, CA 91950-1519
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9527657
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1955
Total area
27,072 SF
Lot
3.35 ac (145,926 SF)
Zoning code
COMMERCIAL
APN
556-180-23-00
UPID
US09-9527657
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
-
IGA National City CA Grocery & Convenience Store Food Market
-
IGA Deli Food Market Restaurant
-
Manolo Farmers Market Specialty Food Shop Supermarket
-
Mercado Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.85M
CAP Approach
CAP
$6.54M
Comparable Approach
Comparable
$9.36M
Blend (final)
Blend
$7.31M
Owner & transaction history
Highland & Fourth Properties LLC · 4 yrs held
Highland & Fourth Properties LLC
since 2022
Last sale
$8.0M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$9.8M
+45.8%
Industrial (general)
$7.4M
+10.2%
Apartment house (5+ units)
$6.9M
+3.0%
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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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
$7,150,000
ML approach
$6,850,000
CAP Approach
CAP Return
Estimation
6%
$7,085,000
6.5%
$6,540,000
7%
$6,075,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,695,000
Current use
OFFICE BUILDING
$9,760,000
Change: +46% · Conversion: Easy
INDUSTRIAL (GENERAL)
$7,380,000
Change: +10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,900,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$7.31M
Range $6.58M – $8.04M · ±10% · vs last sale $8.00M (Jan 13 2022)
Last sale anchor
$8.00M
Jan 13 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
$270 / 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
$107,376
Tax year 2024
Assessed value
$8,323,200
Assessed 2024
Previous assessed
$8,323,200
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$4,681,800
Assessed improvement
$3,641,400
Applied tax rate
6.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1955
Heating
NONE
Units
1
Total area
27,072 SF
Lot
3.35 ac (145,926 SF)
Zoning code
COMMERCIAL
APN
556-180-23-00
UPID
US09-9527657
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · National City, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$6.7M
OFFICE BUILDING
Est. value
$9.8M
INDUSTRIAL (GENERAL)
Est. value
$7.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
RETAIL STORES Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
Year built
1955
Heating
NONE
Units
1
Lot
3.35 ac
Current owner
From public records · entity-resolved
Highland & Fourth Properties LLC
Entity
Mailing address
1320 CORTE DE LAS PIEDRAS, EL CAJON, CA 92019-2850
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2022
—
Highland & Fourth Properties LLC
—
Deed
related
$3,069,000 · Cdc Small Business Finance Corp
Jan 13, 2022
$8,000,000
Highland & Fourth Properties LLC
Mike N Dallo
Grant Deed
$4,100,000 · Mufg Union Bank NA
Jul 15, 2016
—
Mike N Dallo
—
Deed
related
$3,500,000 · Bank Of The West
Sep 5, 2000
$1,400,000
Mike N Dallo
Safeway INC
Grant Deed
$1,283,000 · Union Bank Of California
Dec 18, 1992
$1,000,000
Property Dev Assoc
Jefferson,pilot
Grant Deed
—
—
—
Mike N Dallo
—
Deed Of Trust
related
$347,320 · Community Dev Commission
—
—
Mike N Dallo
—
Deed Of Trust
related
$542,349 · Community Dev Commission
—
—
Mike N Dallo
—
Deed Of Trust
related
$3,500,000 · Bank Of The West
—
—
Mike N Dallo
—
Deed Of Trust
related
$3,500,000 · Sterling Bank
—
—
Mike N Dallo
—
Deed Of Trust
related
$2,470,000 · Zions First National 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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