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Property profile & analytics
OFF-MARKET
Estimated value
$7,265,000
Community centers
500 8th St 60 National City, CA 91950-2344
Individually Owned
36-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9424599
Property summary
AI-generated overview
This exceptional 30,790 square foot neighborhood shopping center presents a unique investment opportunity in San Diego County. Situated on an expansive 81,457 square foot lot, this multi-tenant property boasts convenient access to major freeways, I-5 and I-805. The property features ample parking with 126 spaces (a 4.2/1,000 ratio). Zoned MXC-2 Major Mixed-Use Corridor, the highest and best use includes general retail, medical office, and postal services. The center offers prominent pylon signage and a unique tenant benefit: free advertising in The Filipino Press Weekly Newspaper. Currently available is Suite 2, a 1,500 square foot retail/office space (30' x 50'). This suite includes a built-out restroom and two entry doors (one single, one double hung). Lease rates are triple net; inquiries are welcome.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1988
Total area
30,660 SF
Lot
1.87 ac (81,457 SF)
Zoning code
COMMERCIAL
APN
556-492-23-00
UPID
US09-9424599
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
-
Villa Manila Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.27M
Owner & transaction history
Finberg Tamar Tr · 36 yrs held
Finberg Tamar Tr
since 1990
2 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, 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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$237 / 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
$76,371
Tax year 2024
Assessed value
$3,507,583
Assessed 2024
Previous assessed
$3,507,583
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$1,180,056
Assessed improvement
$2,327,527
Applied tax rate
6.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1988
Heating
NONE
Units
1
Total area
30,660 SF
Lot
1.87 ac (81,457 SF)
Zoning code
COMMERCIAL
APN
556-492-23-00
UPID
US09-9424599
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · National City, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Units
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Finberg Tamar Tr
Individual
Mailing address
3634 HERMAN AVE APT #3, SAN DIEGO, CA 92104-4271
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1990
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2016
—
Tamar Finberg
—
Deed
related
$1,840,000 · Jpmorgan Chase Bank NA
Feb 3, 1990
—
Finberg Tamar Tr
Unknown
Grant Deed
related
—
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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