Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    417 Santa Fe Dr, Unit 35 Encinitas, CA 92024-5144

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    417 Santa Fe Dr, Unit 35 Encinitas, CA 92024-5144

    View on Map
    • Community centers
    • 17,200 SF
    • 1.67 lot acres
    Off-Market
    Property ID
    US09-8980327
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,920,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jorge's Mexicatessen / Restaurant
    • Subway / Take-out & Catering

    Property Details for 417 Santa Fe Dr

    Year built
    1969
    Lot size
    1.67 lot acres
    Property size
    17,200 SF
    Zone code
    COMMERCIAL
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    260-640-26-00
    APU
    2606402600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Encinitas
    County
    San Diego
    State
    California
    Longitude
    -117.284
    Latitude
    33.0352
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $49,946
    $2,636,987
    $1,573,886
    $4,210,873
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,020,000
      21,934 SF

      937 Coast Hwy 101

      MINI-MALL • 21,934 SF
      937 Coast Hwy 101, Encinitas, CA 92024-4454
      View Details
    • Value Estimation
      $1,800,000
      9,999 SF

      105 El Camino Real, Unit 33

      MINI-MALL • 9,999 SF
      105 El Camino Real, Encinitas, CA 92024-2802
      View Details
    • Value Estimation
      $1,790,000
      9,999 SF

      254 El Camino Real, Unit 56

      MINI-MALL • 9,999 SF
      254 El Camino Real, Encinitas, CA 92024-2847
      View Details
    • Value Estimation
      $6,425,000
      34,143 SF

      455 Encinitas Blvd

      MINI-MALL • 34,143 SF
      455 Encinitas Blvd, Encinitas, CA 92024-3728
      View Details
    • Value Estimation
      $4,790,000
      23,200 SF

      1327 Encinitas Blvd

      MINI-MALL • 23,200 SF
      1327 Encinitas Blvd, Encinitas, CA 92024-2845
      View Details
    • Value Estimation
      $3,630,000
      21,952 SF

      335 El Camino Reala

      MINI-MALL • 21,952 SF
      335 El Camino Reala, Encinitas, CA 92024-2810
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      776 SF

      Leucadia Retail Redevelopment Opportunity

      Retail space in desirable Leucadia location along North Coast Highway.
      1524 N Coast Highway 101, Encinitas, CA 92024
      View Details
    • $325,000
      2,105 SF

      Leucadia Restaurant Opportunity For Sale

      Turn-key restaurant with FF&E, license, and affordable rent.
      696 N Coast Highway 101, Encinitas, CA 92024
      View Details
    • $3,600,000

      Encinitas Coastal Restaurant Investment

      Fully occupied restaurant property in iconic coastal location.
      916-918 North Coast Highway 101, Encinitas, CA 92024
      View Details
    • Contact for pricing
      20,598 SF

      Retail Space in Leucadia

      Retail space with high visibility and exclusive on-site parking.
      102-130 Leucadia Blvd, Encinitas, CA 92024
      View Details
    • Contact for pricing
      7,579 SF

      Encinitas Blvd Commercial Opportunity

      Prime commercial property in Encinitas with high traffic exposure.
      2232 Encinitas Blvd, Encinitas, CA 92024
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,100 SF

      Retail Space on El Camino Real

      Retail space with high traffic and ample parking.
      109-111 N El Camino Real, Encinitas, CA 92024
      View Details
    • Contact for pricing

      Fully Leased Retail Property

      Retail property in Encinitas, CA, currently 100% leased.
      681 2Nd St, Encinitas, CA 92024
      View Details
    • Contact for pricing
      2,100 SF

      Retail Space in Encinitas Center

      Retail space available in high-traffic Encinitas shopping center.
      121-129 El Camino Real, Encinitas, CA 92024
      View Details
    • Contact for pricing
      2,968 SF

      Retail Space in Encinitas Center

      Retail space in a community shopping center in Encinitas.
      114-172 N El Camino Real, Encinitas, CA 92024
      View Details
    • Contact for pricing

      Retail Space in El Camino Promenade

      Retail space for lease in a busy Encinitas corridor.
      206-208 N El Camino Real, Encinitas, CA 92024
      View Details
    • Contact for pricing
      9,600 SF

      Retail Space on El Camino Real

      Retail property with high traffic and ample parking.
      131 N El Camino Real, Encinitas, CA 92024
      View Details

    Property Visit Statistics

    • Visits by month
      6.9k
    • Visitors by month
      5.5k
    • Avg Time on site
      16 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    417 Santa Fe Dr, Unit 35
    Encinitas, CA 92024-5144
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!