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    Property profile & analytics

    453 Main St Ramona, CA 92065-2039

    • Retail space
    • 2,016 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9878343
    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.

    Current Use by Public Records

    • MDS Diesel Service Inc. / Auto Repair Shop

    Property Details for 453 Main St

    Year built
    1955
    Lot size
    0.19 lot acres
    Property size
    2,016 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    281-401-08-00
    APU
    2814010800

    Description

    This exceptional investment opportunity presents a fully operational automotive repair facility in Ramona, California. The property encompasses four buildings totaling 8,744 square feet on a 0.71-acre lot (APN: 281-401-06, 07, 08, and 14). The main building at 453 Main Street offers 2,534 square feet and sits on an 8,199 square foot lot. This building includes approximately 2,278 square feet of covered canopy area. An additional building at 445 Main Street comprises 6,210 square feet on an 8,016 square foot lot. A third building is located at 437 Main Street and includes an 828 square foot covered canopy area on an 8,285 square foot lot. Finally, an unimproved 9,303 square foot parcel is also included. The property is zoned RMV5, situated within the Ramona Village Center-Center District in San Diego County. The current tenant, MDS Diesel Services, has a long-standing lease of seven years. This turnkey operation presents a strong investment opportunity with established tenancy and significant potential for future growth within a thriving community. The property's location on Main Street provides excellent visibility and accessibility. This offering includes all four buildings and associated land parcels, providing a substantial and diverse real estate holding. The property is offered for sale as a NNN lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $530,000
      6.5%
      $485,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $466,000
      Market price range: $144k - $467k

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

    Location Insight

    • Map
    • Local Demand
    City
    Ramona
    County
    San Diego
    State
    California
    Longitude
    -116.86
    Latitude
    33.047
    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
    $8,547
    $232,114
    $475,926
    $708,040
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $300,000
      0.55 Acres

      904 A St

      RETAIL STORES (PERSONAL SERVICES) • 0.55 Acres
      904 A St, Ramona, CA 92065-1926
      View Details
    • Value Estimation
      $290,000
      1.22 Acres

      Montecito Rd

      RETAIL STORES (PERSONAL SERVICES) • 1.22 Acres
      Montecito Rd, Ramona, CA 92065
      View Details
    • Value Estimation
      $650,000
      17,723 SF

      2020 Main St

      RETAIL STORES (PERSONAL SERVICES) • 17,723 SF
      2020 Main St, Ramona, CA 92065-2526
      View Details
    • Value Estimation
      $810,000
      25,000 SF

      800 Main St

      RETAIL STORES (PERSONAL SERVICES) • 25,000 SF
      800 Main St, Ramona, CA 92065
      View Details
    • Value Estimation by Request
      8.15 Acres

      626 Ee St

      STORE, RETAIL OUTLET • 8.15 Acres
      626 Ee St, Ramona, CA 92065-2344
      View Details
    • Value Estimation
      $405,000
      2,400 SF

      1076 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      1076 Main St, Ramona, CA 92065-2121
      View Details

    Similar Nearby for Sale

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      Retail property featuring 1,600 SF of space for sale.
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      Ramona Main Street Retail Space

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      Versatile Live/Work Property in Ramona

      Live, work, or invest in this prime Ramona location.
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      Rustic ranch featuring a seasonal creek and mixed orchards.
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    Similar Nearby for Lease

    • Contact for pricing
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      Retail property available for lease in Ramona, California.
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      Ramona Retail Space Available

      Retail space available for lease in Ramona, California.
      1660 Main St, Ramona, CA 92065
      View Details
    • Contact for pricing
      5,460 SF

      Retail Space with Drive-Thru

      5,457 SF retail space with drive-thru in Ramona, CA.
      1407 Main St, Ramona, CA 92065
      View Details
    • $1,500 /Mo

      Iconic Barber Shop For Lease

      Long-established barber shop in prime downtown location for lease.
      866 Main St, Ramona, CA 92065
      View Details
    • Contact for pricing
      22,527 SF

      Stonegate Plaza: Ramona Retail Center

      Grocery-anchored shopping center with space available.
      1660-1676 Main St, Ramona, CA 92065
      View Details
    • Contact for pricing
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      Prominent Retail Center in Ramona

      Retail spaces with high visibility and accessibility in Ramona, CA.
      1411-1433 Main St, Ramona, CA 92065
      View Details
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    453 Main St
    Ramona, CA 92065-2039
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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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