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    4223 Palm Ave La Mesa, CA 91941-6503
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    Property profile & analytics

    4223 Palm Ave, La Mesa, CA 91941-6503

    View on Map
    • Medical Office Space
    • 2,097 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US09-7241707
    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
    $505,000
    Show details
    Cap Rate Potential
    9%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • The Helix Pet Hospital / Veterinary Clinic

    Property Details for 4223 Palm Ave

    Lot size
    0.21 lot acres
    Zone code
    COMMERCIAL
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    499-483-33-00
    APU
    4994833300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 1, 2021 — Helix Ah LLC — Deed · related $756k · Bank Of America NA
    Apr 11, 2018 — Helix Ah LLC — Deed · related $632k · Lendeavor INC
    Feb 12, 2018 $790,000 Helix Ah LLC Dowell,peter & Julie Grant Deed $632k · Lendeavor INC
    Sep 5, 2012 $535,000 Peter Dowell Howard Richard I & M M Trust Grant Deed $482k · Howard Richard I & M M Tr (pt)
    — — Helix Ah LLC — Loan Modification · related $632k · Lendeavor INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $660,000
      6.5%
      $610,000
      7%
      $565,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $469,000
      Market price range: $157k - $578k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $800,000
      OFFICE BUILDING
      $755,000

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

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    San Diego
    State
    California
    Longitude
    -117.014
    Latitude
    32.7559
    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
    $11,185
    $557,758
    $323,498
    $881,256
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,875,000
      17,862 SF

      10862 Calle Verde

      MEDICAL BUILDING
      10862 Calle Verde, La Mesa, CA 91941-7340
      View Details
    • Value Estimation
      $1,410,000
      7,704 SF

      4333 Palm Ave

      MEDICAL BUILDING
      4333 Palm Ave, La Mesa, CA 91941-6529
      View Details
    • Value Estimation
      $980,000
      18,844 SF

      5101 Garfield St, Unit 31

      MEDICAL BUILDING
      5101 Garfield St, La Mesa, CA 91941-5100
      View Details
    • Value Estimation by Request
      0.47 Acres

      4323 Palm Ave

      MEDICAL BUILDING
      4323 Palm Ave, La Mesa, CA 91941-6528
      View Details
    • Value Estimation
      $1,905,000
      11,000 SF

      4719 Palm Ave

      MEDICAL BUILDING
      4719 Palm Ave, La Mesa, CA 91941-5221
      View Details
    • Value Estimation by Request
      2,752 SF

      4175 Yale Ave, Unit 77

      MEDICAL BUILDING
      4175 Yale Ave, La Mesa, CA 91941-7717
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,000 SF

      Renovated Office Space in La Mesa

      Move-in ready office space with freeway access and parking.
      9633 Grossmont Summit Dr, La Mesa, CA 91941
      View Details
    • $399,999
      0.51 Acres

      La Mesa Land with Panoramic Views

      Half-acre lot in La Mesa with potential for custom home.
      Echo Dr, La Mesa, CA 91941
      View Details
    • $1,279,000

      La Mesa Triplex Investment Opportunity

      Three-unit property in La Mesa with value-add potential.
      7987 Normal Ave, La Mesa, CA 91941
      View Details
    • $499,999
      0.16 Acres

      Land in Desirable La Mesa

      Land with approved plans for a 2,610 SF custom residence.
      4377 Sheldon Dr, La Mesa, CA 91941
      View Details
    • $1,435,000

      La Mesa Duplex with ADU Permits

      Income-producing duplex with approved ADU permits in La Mesa.
      28 Edenvale Ave, La Mesa, CA 91941
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      La Mesa Retail/Office Building

      Two-story retail/office building in the heart of La Mesa.
      4730 3Rd St, La Mesa, CA 91941
      View Details
    • Contact for pricing
      1,548 SF

      La Mesa Office Space Available

      Office space for rent in La Mesa, California.
      7373 University Ave, La Mesa, CA 91941
      View Details
    • Contact for pricing
      200 SF

      Turn-Key Office Suites Available

      Turn-key office suites with shared reception and waiting area.
      3855 Avocado Blvd, La Mesa, CA 91941
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease.
      7853 El Cajon Blvd, La Mesa, CA 91941
      View Details
    • Contact for pricing
      2,428 SF

      Retail Space on Avocado Blvd

      In-line retail space available for rent in La Mesa, CA.
      3703-3773 Avocado Blvd, La Mesa, CA 91941
      View Details

    Property Visit Statistics

    • Visits by month
      30.9k
    • Visitors by month
      16.8k
    • Avg Time on site
      10 min
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    La Mesa, CA 91941-6503
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    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
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