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Property profile & analytics
OFF-MARKET
Estimated value
$6,065,000
Manufacturing properties
3515 Hancock St San Diego, CA 92110-4357
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-8904507
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1973
Total area
25,546 SF
Lot
0.32 ac (13,929 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
441-530-51-00
UPID
US09-8904507
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
-
Standard Kitchen & Bath Showroom Plumbing Service Building Supply
-
Standard True Value- San Diego Building Supply Hardware & Home Improvement
-
Richard Yen & Associates Architect
-
Luv Surf Corporate Office
-
American National Investments Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.83M
CAP Approach
CAP
$4.65M
Comparable Approach
Comparable
$8.23M
Blend (final)
Blend
$6.07M
Owner & transaction history
Reese Real Estate & Investment Comp · 3 yrs held
Reese Real Estate & Investment Comp
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · 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
$5,840,000
ML approach
$5,825,000
CAP Approach
CAP Return
Estimation
6%
$5,035,000
6.5%
$4,650,000
7%
$4,315,000
Blend value · Realmo final
$6.07M
Range $5.46M – $6.67M · ±10% · vs last sale $6.30M (Oct 26 2022)
Last sale anchor
$6.30M
Oct 26 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
$237 / 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
$46,933
Tax year 2024
Assessed value
$3,818,880
Assessed 2024
Previous assessed
$3,818,880
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,676,880
Assessed improvement
$2,142,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1973
Heating
NONE
Units
1
Total area
25,546 SF
Lot
0.32 ac (13,929 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
441-530-51-00
UPID
US09-8904507
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · 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
1973
Heating
NONE
Units
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Reese Real Estate & Investment Comp
Entity
Mailing address
PO BOX 708490, SANDY, UT 84070-8433
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2022
$6,300,000
Reese Real Estate & Investment Comp
Big Rib Holdings LLC
Grant Deed
$330,000 · Assurity Life Insurance Company
Jul 21, 2021
$4,500,000
Big Rig Holdings LLC
American National Insurance Company
Grant Deed
—
Dec 18, 2020
$4,740,000
American Natl Ins
Hosp F Phillip|3515 Hancock Street LLC
Foreclosure
related
—
Jun 5, 2017
—
3515 Hancock Street LLC
—
Loan Modification
related
$2,400,000 · L & Sons Ents INC
Oct 30, 2015
$3,400,000
3515 Hancock Street LLC
3515 Ltd
Grant Deed
$2,400,000 · L & Sons Ents INC
Sep 7, 2005
—
3515 Ltd
Phopar
Grant Deed
$2,102,000 · Point Loma Community Bank
—
—
3515 Hancock Street LLC
—
Loan Modification
related
$2,400,000 · L & Sons Ents INC
—
—
3515 Hancock Street LLC
—
Deed Of Trust
related
$4,250,000 · Miscellaneous Ins Co
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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