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Property profile & analytics
FOR LEASE
Community centers
3609 Midway Dr San Diego, CA 92110
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US09-8904298
For Lease
1 / 2
$1,750,000
3609 Midway Dr, San Diego, CA 92110
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Total area
9,999 SF
Lot
10.42 ac (453,895 SF)
Zoning code
COMMERCIAL
APN
441-260-05-00
UPID
US09-8904298
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
-
Chase Bank Bank Loan Service
-
Big Blue Swim School Swimming School Baby Swimming School
-
American Cancer Society Discovery Shop - Point Loma, CA Charitable Organization Social Service Agency
-
Chase Mortgage Loan Service Bank
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.75M
Owner & transaction history
Fw Ca Point Loma Plaza LLC · 21 yrs held
Fw Ca Point Loma Plaza LLC
since 2005
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$175 / 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
$623,656
Tax year 2024
Assessed value
$50,649,445
Assessed 2024
Previous assessed
$50,649,445
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$26,575,823
Assessed improvement
$24,073,622
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1987
Heating
NONE
Units
1
Total area
9,999 SF
Lot
10.42 ac (453,895 SF)
Zoning code
COMMERCIAL
APN
441-260-05-00
UPID
US09-8904298
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
1987
Heating
NONE
Units
1
Lot
10.42 ac
Current owner
From public records · entity-resolved
Fw Ca Point Loma Plaza LLC
Entity
Mailing address
PO BOX 2539, SAN ANTONIO, TX 78299-2539
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2023
—
Fw Ca Point Loma Plaza LLC
—
Deed
related
$38,900,000 · Hartford Fire Insurance Company
Apr 20, 2011
—
Fw Ca-point Loma Plaza LLC
—
Deed Of Trust
related
$61,917,000 · Hartford Life Insurance Co
Jun 8, 2005
—
Fw Ca Point Loma Plaza LLC
Us Retail Partners LLC
Grant Deed
$31,850,000 · Wachovia Bank NA
Aug 20, 2003
—
Us Retail Partners LLC
—
Deed Of Trust
related
$162,160,000 · Life Insurance Co Georgia
Dec 8, 1989
$10,409,000
Pacific Burnham
Pan Pacific Dev
Grant Deed
—
—
—
Pacific Dev Fan
—
Deed Of Trust
related
$26,000,000 · Aetna Casualty & Surety 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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