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Property profile & analytics
OFF-MARKET
Estimated value
$5,865,000
Retail space
365 Rancho Santa Fe Rd San Marcos, CA 92078-2338
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9688952
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1982
Total area
31,110 SF
Lot
1.52 ac (66,211 SF)
Zoning code
COMMERCIAL
APN
219-221-52-00
UPID
US09-9688952
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
-
Dr. Roberto Salazar, DDS Dental Office
-
Santa Fe Smiles Dental Office
-
Professional Holistic Institute Alternative Medicine Practice
-
Coastal Neurosurgery and Spine Associates Alternative Medicine Practice
-
Venn-Watson Edward A MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.80M
CAP Approach
CAP
$7.52M
Comparable Approach
Comparable
$6.36M
Blend (final)
Blend
$5.87M
Owner & transaction history
Jams3 LLC · 4 yrs held
Jams3 LLC
since 2022
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Marcos, 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 Marcos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Marcos 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
$5,905,000
ML approach
$5,800,000
CAP Approach
CAP Return
Estimation
6%
$8,145,000
6.5%
$7,520,000
7%
$6,980,000
Alternative Use
Use
Estimation
RETAIL STORES
$9,445,000
Current use
Blend value · Realmo final
$5.87M
Range $5.28M – $6.45M · ±10% · vs last sale $4.80M (Apr 15 2022)
Last sale anchor
$4.80M
Apr 15 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
$189 / 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
$58,557
Tax year 2024
Assessed value
$4,993,920
Assessed 2024
Previous assessed
$4,993,920
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,080,800
Assessed improvement
$2,913,120
Applied tax rate
13.0000
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
1982
Heating
NONE
Units
1
Total area
31,110 SF
Lot
1.52 ac (66,211 SF)
Zoning code
COMMERCIAL
APN
219-221-52-00
UPID
US09-9688952
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Marcos, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Marcos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Marcos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.4M
RETAIL STORES Current
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
1982
Heating
NONE
Units
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Jams3 LLC
Entity
Mailing address
950 MERGANSER LN, CARLSBAD, CA 92011-4861
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2022
$4,800,000
Jams3 LLC
Henry Hohenstein
Grant Deed
$2,400,000 · Harvest Commercial Capital LLC
Apr 15, 2022
—
Jams3 LLC
—
Deed
related
$1,975,000 · Business Finance Capital
Nov 17, 2017
—
Murray,thomas M Trust
—
Deed
related
$3,732,000 · California Cu
Apr 19, 2010
—
Murray Thomas M Trust
Murray,thomas M
Quit Claim Deed
related
—
Sep 4, 2009
—
Thomas M Murray
Murray,beth A
Quit Claim Deed
related
—
Sep 4, 2009
$17,000
Thomas M Murray
Hohenstein Of Roberts Trust
Grant Deed
—
Sep 4, 2009
$44,272
Thomas M Murray
Exeter 7110 De LLC
Grant Deed
—
Dec 24, 2008
$282,500
Hohenstein Of Roberts Family
North County West LLC
Grant Deed
—
Oct 5, 2007
—
Thomas M Murray
Murray,beth A
Quit Claim Deed
related
—
Oct 5, 2007
$5,650,000
Thomas M Murray
Netreit
Grant Deed
$4,237,500 · North Island Financial Cu
Jun 30, 2006
—
Netreit
—
Deed Of Trust
related
$2,600,000 · San Diego National Bank
Apr 11, 2000
$2,450,000
Netreit
Gmr LLC
Grant Deed
$1,460,000 · Southwest Community Bank
—
—
Gmr LLC
—
Deed Of Trust
related
$1,250,000 · California Bank & Trust
—
—
Netreit
—
Deed Of Trust
related
$2,320,500 · Affinity Bank
—
—
Murray,thomas M Trust
—
Deed Of Trust
related
$3,732,000 · California Cu
—
—
Netreit
—
Deed Of Trust
related
$750,000 · Legacy 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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