Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    489 Saxony Pl Encinitas, CA 92024-2875

    • Office properties & Spaces
    • 5,610 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimations
    $1,905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9250388
    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

    • Online Builders / Construction Company
    • Quintessence Landscape Architecture / Landscaping / (Bike/Boat/Book/etc) Store
    • By Begonvilla / Marketing & Advertising / (Bike/Boat/Book/etc) Store
    • The Diehl Group Architects, Inc. / Architect
    • Prime Investment Group / Financial Advisor

    Property Details for 489 Saxony Pl

    Year built
    2003
    Lot size
    1.85 lot acres
    Property size
    5,610 SF
    Zone code
    RESTRICTED COMMERCIAL
    Property type
    Office properties & Spaces
    APN
    256-330-50-02
    APU
    2563305002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,310,000
      6.5%
      $2,130,000
      7%
      $1,980,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,174,000
      Market price range: $1.76M - $3.61M
      AI Estimate
      $1,415,000
      Market price range: $825k - $2.45M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,380,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $2,985,000
      Change: +25% Conversion: Easy
      MEDICAL BUILDING
      $2,660,000
      Change: +12% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,140,000
      Change: -10% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Encinitas
    County
    San Diego
    State
    California
    Longitude
    -117.288
    Latitude
    33.0548
    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
    $30,130
    $696,951
    $1,463,955
    $2,160,906
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $605,000
      1,482 SF

      770 Coast Hwy 101

      CONDOMINIUM OFFICES • 1,482 SF
      770 Coast Hwy 101, Encinitas, CA 92024-2045
      View Details
    • Value Estimation
      $605,000
      1,507 SF

      523 Encinitas Blvd Ste, Unit 109

      CONDOMINIUM OFFICES • 1,507 SF
      523 Encinitas Blvd Ste, Encinitas, CA 92024-3739
      View Details
    • Value Estimation by Request
      1,722 SF

      1400 -1400 N Coast Hwy

      Office properties & Spaces • 1,722 SF
      1400 -1400 N Coast Hwy, Encinitas, CA 92024
      View Details
    • Value Estimation
      $1,990,000
      2,664 SF

      191 Calle Magdalena, Unit 116

      CONDOMINIUM OFFICES • 2,664 SF
      191 Calle Magdalena, Encinitas, CA 92024-3750
      View Details
    • Value Estimation
      $775,000
      1,980 SF

      519 Encinitas Blvd, Unit B1

      CONDOMINIUM OFFICES • 1,980 SF
      519 Encinitas Blvd, Encinitas, CA 92024-3738
      View Details
    • Value Estimation
      $2,015,000
      5,633 SF

      543 Encinitas Blvd, Unit A-1

      CONDOMINIUM OFFICES • 5,633 SF
      543 Encinitas Blvd, Encinitas, CA 92024-3744
      View Details

    Similar Nearby for Sale

    • $4,200,000
      2,680 SF

      Encinitas Medical Office Building

      Prime Medical Office, High Traffic Location
      303 Santa Fe Dr, Encinitas, CA 92024
      View Details
    • Contact for pricing
      3,294 SF

      Encinitas Office Condo Suite

      Office condo with multiple private offices, conference room, and reception.
      700 Garden View Ct, Encinitas, CA 92024
      View Details
    • Contact for pricing

      Bright Office Unit For Sale

      Second-story corner office unit with excellent natural light.
      4405 Manchester Ave, Encinitas, CA 92024
      View Details
    • Contact for pricing
      4,879 SF

      Medical Office Condo For Sale

      Fully leased medical office condominium available for acquisition.
      781 Garden View Ct, Encinitas, CA 92024
      View Details
    • $530,000
      0.81 Acres

      Encinitas Land with Development Potential

      Large lot near the ocean with utilities and completed reports.
      527 Ocean View Ave, Encinitas, CA 92024
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Encinitas Commercial Space For Lease

      Commercial space available for lease in Encinitas, California.
      374 Encinitas Blvd, Encinitas, CA 92024
      View Details
    • Contact for pricing

      Encinitas Office Space For Rent

      Fully leased office property in Encinitas, CA.
      1012 2Nd St, Encinitas, CA 92024
      View Details
    • Contact for pricing

      Office Space Available For Lease

      Office space for lease in Encinitas, California.
      169 Saxony Rd, Encinitas, CA 92024
      View Details
    • Contact for pricing

      Leased Office Space in Encinitas

      Office property in Encinitas, CA, currently 100% leased.
      904 2Nd St, Encinitas, CA 92024
      View Details
    • Contact for pricing
      1,602 SF

      Encinitas Creative Office Space

      Creative office space featuring offices, conference room, kitchen, and reception.
      662 Encinitas Blvd, Encinitas, CA 92024
      View Details
    • Contact for pricing
      568 SF

      Encinitas Office Space For Rent

      First floor office space with natural light and private entrance.
      545 2Nd St, Encinitas, CA 92024
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    489 Saxony Pl
    Encinitas, CA 92024-2875
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!