Property profile

453 Main St Ramona, CA 92065

FOR SALE
Retail space
Property ID
US09-9878343
2,016 SF 0.19 ac lot Built 1955
Entity Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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453 Main St, Ramona, CA 92065 For Sale
$1,730,000 2,016 SF
453 Main St, Ramona, CA 92065
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1955
Total area 2,016 SF
Lot 0.19 ac (8,199 SF)
Zoning code COMMERCIAL
APN 281-401-08-00
UPID US09-9878343

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

453 Main St Ramona, CA 92065
Ramona metro Census 20812 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$490k

Owner & transaction history

since 2017
7 recorded transactions
2022
Price N/A
2017
Price N/A
2017
Price N/A
2016
Price N/A
2016
$1.5M
2013
Price N/A
2013
Price N/A

Zoning & alternative use

COMMERCIAL · Ramona, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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