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Property profile & analytics
OFF-MARKET
Retail space
423 Freeman St Oceanside, CA 92054-2515
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9066592
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Total area
982 SF
Lot
0.06 ac (2,622 SF)
Zoning code
COMMERCIAL
APN
147-093-02-00
UPID
US09-9066592
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Matthew Corts Sorensen · 3 yrs held
Matthew Corts Sorensen
since 2022
Last sale
$315,000
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Oceanside, 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 Oceanside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oceanside 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,525
Tax year 2024
Assessed value
$398,622
Assessed 2024
Previous assessed
$398,622
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$240,441
Assessed improvement
$158,181
Applied tax rate
7.0000
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
1960
Heating
NONE
Units
1
Total area
982 SF
Lot
0.06 ac (2,622 SF)
Zoning code
COMMERCIAL
APN
147-093-02-00
UPID
US09-9066592
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Oceanside, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Oceanside, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oceanside. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Units
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Matthew Corts Sorensen
Individual
Mailing address
25992 ANACAPA ST, LAGUNA HILLS, CA 92653-6266
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
Matthew Corts Sorensen
Matthew Corts Sorensen
Intrafamily Transfer
related
$647,200 · Residential Wholesale Mortgage INC
Jun 21, 2019
—
Freeman Street Properties LLC
Klein A & M F/tr
Quitclaim Deed
—
May 22, 2019
$1,442,500
Klein,anthony & Marianne F Trust
Maggio B L Separate Pr Trust
Grant Deed
—
May 13, 2010
$315,000
Matthew C Sorensen
Tetalman LLC
Grant Deed
$252,000 · Iserve Residential Lending LLC
Apr 11, 2005
—
Tetalman LLC
Tetalman Family Trust
Quit Claim Deed
related
—
Jul 28, 2004
—
Tetalman,tr
Tetalman,jerome E
Quit Claim Deed
related
—
Jun 18, 2004
—
Jerome E Tetalman
Tetalman,kathy L
Quit Claim Deed
related
—
Jun 18, 2004
$425,000
Jerome E Tetalman
Blake,david R
Grant Deed
$248,625 · David R Blake
Oct 18, 1993
$91,000
Colmenar Corp
Transamerica Fin
Grant Deed
—
Jul 16, 1992
$41,932
Transamerica Financial Services
Wetherill,robert
Trustees Deed
related
—
Jun 27, 1989
—
Robert Wetherill
Wetherill Enterp
Quit Claim Deed
related
$120,000 · Old Stone Credit Corp
—
—
Matthew C Sorensen
—
Deed Of Trust
related
$150,000 · Bank Of America
—
—
Enterp Wetherill
—
Deed Of Trust
related
$80,000 · Linron Enterpris
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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