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Property profile & analytics
OFF-MARKET
Estimated value
$8,810,000
Office Spaces
4700 Spg St La Mesa, CA 91942-0263
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9177903
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1991
Total area
43,643 SF
Lot
4.81 ac (209,609 SF)
Zoning code
COMMERCIAL
APN
470-572-20-01
UPID
US09-9177903
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
-
Chan Healing Institute Alternative Medicine Practice Spa & Massage Center
-
Dr. Todd Gereb DDS Dental Office
-
Richard C. Kennerly, PHD Physician Medical Clinic
-
PCSD: Calix Christine PhD Physician Medical Clinic
-
Elizabeth George, PHD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.85M
Blend (final)
Blend
$8.81M
Owner & transaction history
Spring Street Holdings LP · 2 yrs held
Spring Street Holdings LP
since 2023
Last sale
$8.7M
3 recorded transactions
Zoning & alternative use
COMMERCIAL · La Mesa, 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 La Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Mesa 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
by Request
ML approach
$8,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.81M
Range $7.93M – $9.69M · ±10% · vs last sale $8.68M (Dec 14 2023)
Last sale anchor
$8.68M
Dec 14 2023
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
$202 / 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
$106,227
Tax year 2024
Assessed value
$8,675,000
Assessed 2024
Previous assessed
$8,675,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$4,200,000
Assessed improvement
$4,475,000
Applied tax rate
5.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1991
Heating
NONE
Units
1
Total area
43,643 SF
Lot
4.81 ac (209,609 SF)
Zoning code
COMMERCIAL
APN
470-572-20-01
UPID
US09-9177903
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · La Mesa, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · La Mesa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Mesa. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Units
1
Lot
4.81 ac
Current owner
From public records · entity-resolved
Spring Street Holdings LP
Entity
Mailing address
451 A ST, SAN DIEGO, CA 92101-4229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2023
$8,675,000
Spring Street Holdings LP
Cif La Mesa LP
Grant Deed
$6,072,500 · Standard Insurance Co
Nov 19, 2003
$13,500,000
Cif La Mesa LP
Income Opportunity La Mesa
Grant Deed
$10,250,000 · Pnc Bank
May 14, 1997
$8,100,000
Income Opportunity La Mesa
La Mesa Vlg Plz Assoc Joint Ve
Grant Deed
related
$6,000,000 · First Security Commercial Mtg
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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