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Property profile & analytics
FOR LEASE
Medical Office Space
499 N El Camino Real Encinitas, CA 92024
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-6962368
For Lease
1 / 14
Contact for pricing
499 N El Camino Real, Encinitas, CA 92024
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Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Total area
34,328 SF
Lot
2.06 ac (89,733 SF)
Zoning code
COMMERCIAL
APN
257-470-21-00
UPID
US09-6962368
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
-
Dr. Anna Mendenhall Pediatrician Medical Clinic
-
Steven Chen, MD Physician
-
James J. Chao, MD Physician Medical Clinic
-
Nancy Clementino Pediatrician Medical Clinic
-
David Chao, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.19M
Owner & transaction history
285 El Camino Mob LLC · 8 yrs held
285 El Camino Mob LLC
since 2018
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Encinitas, 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 Encinitas submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Encinitas 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%
$10,795,000
6.5%
$9,965,000
7%
$9,255,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$14,555,000
Change: -11% · Conversion: Easy
AUTO REPAIR, GARAGE
$13,105,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$9.19M
Range $8.27M – $10.11M · ±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
$268 / 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
$156,874
Tax year 2024
Assessed value
$14,071,420
Assessed 2024
Previous assessed
$14,071,420
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$4,829,127
Assessed improvement
$9,242,293
Applied tax rate
19.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2000
Heating
NONE
Units
1
Total area
34,328 SF
Lot
2.06 ac (89,733 SF)
Zoning code
COMMERCIAL
APN
257-470-21-00
UPID
US09-6962368
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Encinitas, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · Encinitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$14.6M
AUTO REPAIR, GARAGE
Est. value
$13.1M
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
2000
Heating
NONE
Units
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
285 El Camino Mob LLC
Entity
Mailing address
499 N EL CAMINO REAL STE C102, ENCINITAS, CA 92024-1347
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2020
—
285 El Camino Mob LLC
—
Deed
related
$89,000,000 · Starwood Mortgage Capital LLC
May 8, 2018
—
Bella Tierra Investments LLC
—
Grant Deed
related
$44,000,000 · Pfp Holding Co V LLC
May 8, 2018
$13,500,000
285 El Camino Mob LLC
North El Camino Real LLC
Trust Deed
$44,000,000 · Pfp Holding Co V LLC
Aug 7, 2017
—
North El Camino Real LLC
—
Deed
related
$600,000 · San Diego Private Bank
Sep 27, 2016
—
Activity Mob LLC
—
Deed
related
$6,000,000 · Miscellaneous Ins Co
Sep 23, 2016
—
Bella Tierra Investments LLC
—
Deed
related
$11,200,000 · Miscellaneous Ins Co
May 7, 2013
$11,530,000
Bella Tierra Investments LLC
Oxford Mortgage Funds LP
Grant Deed
$9,700,000 · Community Bank
Mar 22, 2013
$1,360,000
Oxford Mtg Funds LP
Keith Philip
Trustees Deed
related
—
Aug 28, 1997
—
Linda S Sanford
—
Grant Deed
related
$1,950,000 · Capital Bank North County
Oct 2, 1995
$1,747,000
Joseph C Sanford
Gmri INC
Grant Deed
$1,000,000 · Capital Bank North County
Nov 13, 1992
$1,175,000
General Mills Restaurants INC
White,byron F
Grant Deed
—
—
—
Garden View Professional Ctr
—
Deed Of Trust
related
—
—
—
Garden View Prof Center LLC
—
Deed Of Trust
related
$1,500,000 · Lantzman Family Trust
—
—
Activity Mob LLC
—
Deed Of Trust
related
$6,000,000 · Miscellaneous Ins Co
—
—
Bella Tierra Investments LLC
—
Deed Of Trust
related
$11,200,000 · Miscellaneous Ins Co
—
—
Joseph C Sanford
—
Deed Of Trust
related
—
—
—
Joseph C Sanford
—
Deed Of Trust
related
$500,000 · Cdc Small Business Finance Co
—
—
Joseph C Sanford
—
Deed Of Trust
related
$568,813 · Medical Group INC
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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