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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
3490 Palm Ave San Diego, CA 92154-1664
Individually Owned
27-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7790116
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1969
Total area
3,235 SF
Lot
0.37 ac (16,192 SF)
Zoning code
COMMERCIAL
APN
629-210-26-00
UPID
US09-7790116
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
-
Fauzi Najar Physician
-
Marcos Borrero, MD Pediatrician Physician
-
Dr. Jose L. Lopez, DDS Dental Office
-
Torres Alma Employment Agency
-
Elguezabal Raul Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$387k
Blend (final)
Blend
$525k
Owner & transaction history
Borrero,marcos · 27 yrs held
Borrero,marcos
since 1999
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, 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 Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$162 / 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
$9,589
Tax year 2024
Assessed value
$812,310
Assessed 2024
Previous assessed
$812,310
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$256,250
Assessed improvement
$556,060
Applied tax rate
8.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Heating
NONE
Total area
3,235 SF
Lot
0.37 ac (16,192 SF)
Zoning code
COMMERCIAL
APN
629-210-26-00
UPID
US09-7790116
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Lot
0.37 ac
Current owner
From public records · entity-resolved
Borrero,marcos
Individual
Mailing address
2882 GATE 11TH PL, CHULA VISTA, CA 91914-2638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 1999
$300,000
Borrero,marcos
Robles,luis A & Carmen V
Trustees Deed
$366,000 · Heller Financial
Sep 14, 1995
—
Luis A Robles
Robles,luis A & Carmen V
Quit Claim Deed
related
—
Jul 14, 1995
$220,000
Luis A Robles
Gertrude M Frankovich Trustee
Grant Deed
$190,000 · Frankovich Trust
—
—
Marcos Borrero
—
Deed Of Trust
related
$241,000 · Cdc Small Business Finance Co
—
—
Borrero,tr
—
Deed Of Trust
related
$649,000 · Wells Fargo Bank
—
—
Jose I Serrano
—
Deed Of Trust
related
—
—
—
Borrero Family Trust
—
Deed Of Trust
related
$620,000 · Union 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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