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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Bowling alleys
3902 Manchester Ave A Encinitas, CA 92024-4923
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8971529
Property profile
Verified
Property type
Bowling alleys
Use group
BOWLING ALLEY
Year built
2000
Total area
4,828 SF
Lot
10.98 ac (478,288 SF)
Zoning code
R-1:SINGLE FAM-RES
APN
262-061-73-00
UPID
US09-8971529
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
-
Caballos del Mar Kennel & Boarding Facility Animal Training
-
Northern Lights Show Jumping Kennel & Boarding Facility Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$941k
Blend (final)
Blend
$885k
Owner & transaction history
Burtech Real Estate Invs LLC · 13 yrs held
Burtech Real Estate Invs LLC
since 2013
7 recorded transactions
Zoning & alternative use
R-1:SINGLE FAM-RES · Encinitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+107.6%
Retail stores
$735,000
+14.6%
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 Encinitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Encinitas 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
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RECREATIONAL/ENTERTAINMENT (GENERAL)
$640,000
Current use
OFFICE BUILDING
$1,335,000
Change: +108% · Conversion: Difficult
RETAIL STORES
$735,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$550,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±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
$183 / 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
$46,155
Tax year 2024
Assessed value
$4,145,596
Assessed 2024
Previous assessed
$4,145,596
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,018,204
Assessed improvement
$1,127,392
Applied tax rate
19.0000
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
Bowling alleys
Use group
BOWLING ALLEY
Status
Off-Market
Year built
2000
Heating
NONE
Units
3
Bathrooms
4
Total area
4,828 SF
Lot
10.98 ac (478,288 SF)
Zoning code
R-1:SINGLE FAM-RES
APN
262-061-73-00
UPID
US09-8971529
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-1:SINGLE FAM-RES · Encinitas, CA
Zoning R-1:SINGLE FAM-RES · permitted uses
R-1:SINGLE FAM-RES · Encinitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Encinitas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
Est. value
$640,000
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$550,000
RECREATIONAL/ENTERTAINMENT (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
2000
Heating
NONE
Units
3
Bathrooms
4
Lot
10.98 ac
Current owner
From public records · entity-resolved
Burtech Real Estate Invs LLC
Entity
Free & Clear · 13 yrs held
Mailing address
304 LA COSTA AVE, ENCINITAS, CA 92024-1111
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Jan 24, 2013
$3,000,000
Burtech Real Estate Invs LLC
K & Y Farms INC
Grant Deed
—
Sep 2, 2004
—
K & Y Farm INC
Simm Betty B Trust
Grant Deed
related
—
Oct 30, 1998
—
N Simm Revised Clarke
Simm,betty B Etal
Quit Claim Deed
related
—
Apr 25, 1991
$1,140,000
Coast Pres North
Manchester Estat
Grant Deed
—
—
—
Simm Trust
—
Deed Of Trust
related
$200,000 · Washington Mutual Fsb
—
—
Clarke N Simm
—
Deed Of Trust
related
$130,000 · Greenpoint Mortgage Funding
—
—
Simm Trust
—
Deed Of Trust
related
$270,000 · Washington Mutual Fsb
—
—
Berrt S Simm Trustee
—
Deed Of Trust
related
$250,000 · Washington Mutual Fsb
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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