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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Retail space
311 Washington Ave Escondido, CA 92025-2816
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9450922
Property summary
AI-generated overview
This exceptional 221-square-foot office suite, located at 311 E Washington Ave, Suite 105, Escondido, CA 92025, presents a fantastic opportunity for professionals seeking a convenient and well-equipped workspace. Situated in a single-story, 3,850-square-foot building constructed in 1986, this traditional/executive office space is part of an eight-suite multi-tenant building. The suite offers 24/7 access secured by upgraded PIN code locks. Shared amenities include a restroom, reception area, and kitchenette. On-site gated parking provides convenience and security. The building's location is ideal, adjacent to the Escondido Creek Bike Path and minutes from freeways 15 and 78. The monthly rent of $625 is a full-service gross lease, encompassing all utilities, janitorial services, and internet access. Flexible lease terms are available. The property sits on 0.27 acres and is zoned SPA. This Class C building offers an ideal blend of accessibility, security, and essential amenities, making it a perfect choice for individuals or small businesses.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Total area
3,840 SF
Lot
0.27 ac (11,930 SF)
Zoning code
COMMERCIAL
APN
229-310-83-00
UPID
US09-9450922
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
-
Law Offices of Quincy B. Cornelius Law Firm
-
Law Offices of Marino & Tye LLP Law Firm
-
Technic Business Solutions Tech Support Center IT Consulting Firm
-
Network Resources Inc Tech Support Center IT Consulting Firm
-
William E Wolanin Law Offices Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$955k
Comparable Approach
Comparable
$503k
Blend (final)
Blend
$700k
Owner & transaction history
Saga Holdings LLC · 2 yrs held
Saga Holdings LLC
since 2023
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Escondido, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+25.4%
Warehouse, storage
$1.1M
+13.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,030,000
6.5%
$955,000
7%
$885,000
Alternative Use
Use
Estimation
RETAIL STORES
$925,000
Current use
MEDICAL BUILDING
$1,165,000
Change: +25% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,055,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±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
$182 / 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
$9,518
Tax year 2024
Assessed value
$832,320
Assessed 2024
Previous assessed
$832,320
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$468,180
Assessed improvement
$364,140
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Heating
NONE
Units
1
Total area
3,840 SF
Lot
0.27 ac (11,930 SF)
Zoning code
COMMERCIAL
APN
229-310-83-00
UPID
US09-9450922
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Escondido, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$925,000
MEDICAL BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
RETAIL STORES Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1986
Heating
NONE
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Saga Holdings LLC
Entity
Mailing address
72 MAXWELL, IRVINE, CA 92618-4641
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
—
Saga Holdings LLC
Tam Duong
Grant Deed
—
Mar 1, 2022
$800,000
Tam Duong
Richard R Marino
Grant Deed
$702,804 · Bank Of The West
May 28, 2019
$141,500
Marino,richard R 2016 Trust
Cornelius Quincy B Trust
Grant Deed
—
Jul 13, 2016
—
Marino,richard R 2016 Trust
Marino,richard R
Quit Claim Deed
related
—
Jun 26, 2015
—
Cornelius,quincy B Trust
Cornelius Quincy B
Quit Claim Deed
related
—
Jan 18, 2013
—
Richard R Marino
Marino,richard R
Quit Claim Deed
related
$290,000 · Pacific Western Bank
Apr 5, 2005
—
Richard R Marino
Marino,richard R
Quit Claim Deed
$100,000 · Bank Of Escondido
Jul 23, 1993
$315,500
Quincy B Cornelius
Palomar Savings
Grant Deed
$283,950 · Bank Of San Diego
Feb 3, 1993
$255,176
Palomar S Assn
Masson,douglas W
Trustees Deed
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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