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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Retail space
4808 12th Santa Monica Ave San Diego, CA 92107-2811
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7330813
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1958
Total area
4,560 SF
Lot
0.15 ac (6,524 SF)
Zoning code
COMMERCIAL
APN
448-302-13-00
UPID
US09-7330813
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
-
Psychic Serenity Chakra Studio Spiritual Center
-
California Brokerage Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.70M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$1.60M
Owner & transaction history
Hemako LLC · 3 yrs held
Hemako LLC
since 2022
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+27.0%
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 San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,835,000
6.5%
$1,695,000
7%
$1,570,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,090,000
Current use
MEDICAL BUILDING
$2,655,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$1,925,000
Change: -8% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,755,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10%
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
$351 / 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
$24,010
Tax year 2024
Assessed value
$1,952,706
Assessed 2024
Previous assessed
$1,952,706
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,195,675
Assessed improvement
$757,031
Applied tax rate
8.0000
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
Off-Market
Year built
1958
Heating
NONE
Units
3
Total area
4,560 SF
Lot
0.15 ac (6,524 SF)
Zoning code
COMMERCIAL
APN
448-302-13-00
UPID
US09-7330813
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.7M
OFFICE BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES Current
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1958
Heating
NONE
Units
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Hemako LLC
Entity
Mailing address
42217 RICHBROUGH RD, HEMET, CA 92544-2500
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
—
Hemako LLC
—
Deed
related
$1,400,000 · Bursup INC
Dec 15, 2022
—
Hemako LLC
Bursup INC
Grant Deed
—
Sep 25, 2017
—
Bursup INC
—
Deed
related
$1,155,000 · Bofi Federal Bank
Sep 30, 2004
$1,429,000
Bursup INC
Sanders Family Trust
Grant Deed
$1,029,000 · Sanders Family Trust
Oct 17, 1997
$317,000
Sanders Trust
Oneill Trust
Grant Deed
—
Apr 11, 1994
—
Shirley Mae Etal O'neill
Owen,frank C
Quit Claim Deed
related
—
—
—
Shirley M O'neill
—
Deed Of Trust
related
—
—
—
Donald O Tibbetts
—
Deed Of Trust
related
$30,000 · Peninsula Bank San Diego
—
—
Bursup INC
—
Loan Modification
related
$1,109,324 · Sanders Family Trust (pt)
—
—
Kathleen D Stewart
—
Deed Of Trust
related
$23,936 · Individual
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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