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Property profile & analytics
FOR SALE
Retail space
437 Highway 101 208 Solana Beach, CA 92075
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6924010
For Sale
1 / 6
$32,125,000
437 Highway 101,Unit 208, Solana Beach, CA 92075
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Total area
59,065 SF
Lot
3.06 ac (133,293 SF)
Zoning code
COMMERCIAL
APN
298-053-24-00
UPID
US09-6924010
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
-
Banfield Pet Hospital Veterinary Clinic
-
Solana Beach Electrician Electrical Service General Contractor
-
Dr. Regina - Rituals of Healing Psychology Group Psychologist Psychotherapist
-
Michael A. Foyle, OD Physician
-
Art of Skin MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$32.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.13M
Owner & transaction history
Solana Beach Run LLC · 1 yrs held
Solana Beach Run LLC
since 2024
Last sale
$32.1M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Solana Beach, 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 Solana Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solana Beach 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
$32,125,000
ML approach
$32,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$53,470,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$53,215,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$32.13M
Range $28.91M – $35.34M · ±10% · vs last sale $32.13M (Oct 29 2024)
Last sale anchor
$32.13M
Oct 29 2024
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
$544 / 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
$479,791
Tax year 2024
Assessed value
$37,832,825
Assessed 2024
Previous assessed
$37,832,825
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$25,032,246
Assessed improvement
$12,800,579
Applied tax rate
18.0000
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
For Sale
Year built
1993
Heating
NONE
Units
1
Total area
59,065 SF
Lot
3.06 ac (133,293 SF)
Zoning code
COMMERCIAL
APN
298-053-24-00
UPID
US09-6924010
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Solana Beach, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Solana Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Solana Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$53.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$53.2M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1993
Heating
NONE
Units
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
Solana Beach Run LLC
Entity
Mailing address
900 N MICHIGAN AVE STE #1450, CHICAGO, IL 60611-6550
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 29, 2024
$32,125,000
Solana Beach Run LLC
Gre Beachwalk LLC
Grant Deed
$25,800,000 · Loancore Capital Credit Reit LLC
Apr 7, 2017
$33,250,000
Gre Beachwalk LLC
Muller-beachwalk LLC
Grant Deed
$22,000,000 · Canadian Imperial Bk/commerc
Mar 21, 2007
—
Muller Beachwalk LLC
Generation Venture Fund IV LLC
Grant Deed
$22,520,000 · Wachovia Bank NA
Dec 31, 1998
$9,700,000
Generation Properties LP
Clover Income Growth Reit
Grant Deed
$7,400,000 · First Bank California
Jun 25, 1996
$1,366,500
Clover Income
Karno,norton S
Grant Deed
—
Jul 21, 1993
$190,000
Victor H Rosenthal
Rosenthal,joseph
Grant Deed
related
—
Nov 1, 1990
—
Beach Walk Partners L Solana
Unknown
Quit Claim Deed
related
—
—
—
Clover Income
—
Deed Of Trust
related
$3,307,220 · Scripps Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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