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Property profile & analytics
OFF-MARKET
Estimated value
$535,000
Warehouses
340 Millar Ave El Cajon, CA 92020-4221
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-8811098
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
1,000 SF
Lot
0.19 ac (8,297 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
487-291-17-00
UPID
US09-8811098
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
-
San Diego Flood Restoration & Water Damage Repair Hardware & Home Improvement Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$375k
Blend (final)
Blend
$535k
Owner & transaction history
Thomas Victor Frederick · 5 yrs held
Thomas Victor Frederick
since 2021
Last sale
$495,000
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$475,000
+71.8%
Office building
$360,000
+30.6%
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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
$630,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$475,000
Change: +72% · Conversion: Difficult
OFFICE BUILDING
$360,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$535k
Range $482k – $589k · ±10% · vs last sale $495k (May 12 2021)
Last sale anchor
$495k
May 12 2021
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
$535 / 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
$6,934
Tax year 2024
Assessed value
$525,297
Assessed 2024
Previous assessed
$525,297
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$472,237
Assessed improvement
$53,060
Applied tax rate
3.0000
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
Heating
NONE
Units
1
Total area
1,000 SF
Lot
0.19 ac (8,297 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
487-291-17-00
UPID
US09-8811098
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · El Cajon, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$475,000
OFFICE BUILDING
Est. value
$360,000
MEDICAL BUILDING
OFFICE BUILDING
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
Heating
NONE
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Thomas Victor Frederick
Individual
Mailing address
340 MILLAR AVE, EL CAJON, CA 92020-4221
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
May 12, 2021
$495,000
Thomas Victor Frederick
John M Houge
Grant Deed
$345,000 · John M Houge Trust
Nov 21, 2017
—
Houge,john M Trust
—
Deed
related
$60,000 · Duggan Family Trust (pt)
Jan 11, 2008
—
Houge John M Trust
Houge,john
Quit Claim Deed
related
—
May 19, 2003
—
John M Houge
Houge,mary J
Quit Claim Deed
related
$157,500 · P M Financial Pp
May 26, 1998
$125,000
Houge Enterprises INC
Adkins Trust
Grant Deed
$148,500 · Valle De Oro Bank
May 26, 1995
—
George H Etal Adkins
Adkins,george H
Quit Claim Deed
related
—
Jan 20, 1995
—
George H Adkins
Adkins,george H & Julie M
Quit Claim Deed
related
—
—
—
Houge,john M Trust
—
Deed Of Trust
related
$60,000 · Duggan Family Trust (pt)
—
—
George H Adkins
—
Deed Of Trust
related
$56,000 · Individual
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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