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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Warehouses
3726 Bancroft Dr Spring Valley, CA 91977-2117
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9583569
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2008
Total area
1,944 SF
Lot
0.19 ac (8,085 SF)
Zoning code
COMMERCIAL
APN
499-373-17-00
UPID
US09-9583569
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$774k
Blend (final)
Blend
$560k
Owner & transaction history
Michael L Larson · 2 yrs held
Michael L Larson
since 2023
Last sale
$545,000
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Spring Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$925,000
+42.5%
Auto repair, garage
$740,000
+14.7%
Office building
$700,000
+8.3%
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 Spring Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Valley 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
$690,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$645,000
Current use
MEDICAL BUILDING
$925,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$740,000
Change: +15% · Conversion: Easy
OFFICE BUILDING
$700,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±10% · vs last sale $545k (Oct 5 2023)
Last sale anchor
$545k
Oct 5 2023
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
$288 / 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
$7,937
Tax year 2024
Assessed value
$620,112
Assessed 2024
Previous assessed
$620,112
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$227,563
Assessed improvement
$392,549
Applied tax rate
83.0000
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
Year built
2008
Heating
NONE
Units
1
Bathrooms
1
Total area
1,944 SF
Lot
0.19 ac (8,085 SF)
Zoning code
COMMERCIAL
APN
499-373-17-00
UPID
US09-9583569
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Spring Valley, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Spring Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$645,000
MEDICAL BUILDING
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$740,000
OFFICE BUILDING
Est. value
$700,000
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
Year built
2008
Heating
NONE
Units
1
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Michael L Larson
Individual
Mailing address
1138 CANDLEWOOD LN, EL CAJON, CA 92020-7802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
—
Michael L Larson
Michael L Larson
Intrafamily Transfer
related
—
Aug 10, 2021
—
Michael L Larson
—
Deed
related
$384,000 · Zb NA
Dec 20, 2016
$545,000
Michael L Larson
American Ice INC
Grant Deed
$408,750 · Balboa T&l
Dec 6, 2010
$285,000
American Ice INC
Toma,hani
Grant Deed
$260,000 · Hani Toma
Sep 22, 2006
—
Hani Toma
Toma,hani & Maysoon
Quit Claim Deed
related
—
Apr 30, 2004
—
Hani Y Toma
Peden,robert R & Carolyn G
Grant Deed
$244,000 · Washington Mutual Fsb
Mar 9, 1995
$120,000
Robert R Peden
Bacigalupi,judy R
Grant Deed
$120,000 · Marina Mortgage
—
—
Judy R Bacigalupi
—
Deed Of Trust
related
$25,000 · San Diego Trust & Savings Bank
—
—
Robert R Peden
—
Deed Of Trust
related
$20,548 · North Island FCU
—
—
Robert R Peden
—
Deed Of Trust
related
$25,000 · Interbank Funding Group
—
—
Robert R Peden
—
Deed Of Trust
related
$216,900 · Ameriquest Mortgage Corp
—
—
Robert R Peden
—
Deed Of Trust
related
$233,000 · Union Fed'l Bank Indianapolis
—
—
American Ice INC
—
Deed Of Trust
related
$216,000 · Bank Of Southern California
—
—
Robert R Peden
—
Deed Of Trust
related
$132,510 · Mical Mortgage Co
—
—
Robert R Peden
—
Deed Of Trust
related
$133,547 · Countrywide Home Loans INC
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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