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    4719 Palm Ave La Mesa, CA 91941-5221
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    Property profile & analytics

    4719 Palm Ave, La Mesa, CA 91941-5221

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    • Medical Office Space
    • 11,000 SF
    • 0.48 lot acres
    Off-Market
    Property ID
    US09-7234897
    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.
    Value Estimations
    $1,905,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turpin & Rattan Engineering / Engineer
    • Fortie Info Technologies / IT Consulting Firm / (Bike/Boat/Book/etc) Store

    Property Details for 4719 Palm Ave

    Year built
    1985
    Lot size
    0.48 lot acres
    Zone code
    COMMERCIAL
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    494-421-15-00
    APU
    4944211500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 10, 2000 $1,050,000 Rattan/fortie Properties LLC Matthew J Richardson Trustee Grant Deed $908k · Union Bank Of California
    Dec 6, 1990 $675,000 Mark Richardson Bankamerica Foun Grant Deed $720k · First California Savings Bank
    — — Rattan Of Fortie Properties LLC — Deed Of Trust · related $1.7M · Bank Of America
    — — Rattan Of Fortie Properties LLC — Deed Of Trust · related $1.5M · First Republic Bank
    — — Rattan Of Fortie Properties LLC — Deed Of Trust · related $1.1M · Union Bank Of California
    — — Rattan/fortie Properties LLC — Deed Of Trust · related $649k · Cdc Small Business Finance Co
    — — Mark J Richardson — Deed Of Trust · related $645k · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,649,000
      Market price range: $1.77M - $6.14M

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

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    San Diego
    State
    California
    Longitude
    -117.018
    Latitude
    32.7645
    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
    $25,342
    $753,416
    $1,316,273
    $2,069,689
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,875,000
      17,862 SF

      10862 Calle Verde

      MEDICAL BUILDING
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    • Value Estimation
      $1,410,000
      7,704 SF

      4333 Palm Ave

      MEDICAL BUILDING
      4333 Palm Ave, La Mesa, CA 91941-6529
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    • Value Estimation
      $980,000
      18,844 SF

      5101 Garfield St, Unit 31

      MEDICAL BUILDING
      5101 Garfield St, La Mesa, CA 91941-5100
      View Details
    • Value Estimation by Request
      0.47 Acres

      4323 Palm Ave

      MEDICAL BUILDING
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    • Value Estimation by Request
      2,752 SF

      4175 Yale Ave, Unit 77

      MEDICAL BUILDING
      4175 Yale Ave, La Mesa, CA 91941-7717
      View Details
    • Value Estimation by Request
      1,510 SF

      4620 Avocado Blvd

      MEDICAL BUILDING
      4620 Avocado Blvd, La Mesa, CA 91941-7134
      View Details

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    • $399,999
      0.51 Acres

      La Mesa Land with Panoramic Views

      Half-acre lot in La Mesa with potential for custom home.
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      1,772 SF

      La Mesa Duplex with Views

      Duplex fixer with upside potential near La Mesa Village.
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      La Mesa Townhome Community

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    • $125,000
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      View Lot in Mt. Helix

      Land in sought-after neighborhood, close to freeways, shops, restaurants.
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      View Details

    Similar Nearby for Lease

    • Contact for pricing

      La Mesa Retail/Office Building

      Two-story retail/office building in the heart of La Mesa.
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    • Contact for pricing
      1,548 SF

      La Mesa Office Space Available

      Office space for rent in La Mesa, California.
      7373 University Ave, La Mesa, CA 91941
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    • Contact for pricing
      200 SF

      Turn-Key Office Suites Available

      Turn-key office suites with shared reception and waiting area.
      3855 Avocado Blvd, La Mesa, CA 91941
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    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease.
      7853 El Cajon Blvd, La Mesa, CA 91941
      View Details
    • Contact for pricing
      2,428 SF

      Retail Space on Avocado Blvd

      In-line retail space available for rent in La Mesa, CA.
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      View Details
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    La Mesa, CA 91941-5221
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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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