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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Apartment buildings
505 Grape St Escondido, CA 92025-3043
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9306653
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1973
Total area
11,952 SF
Lot
0.55 ac (23,958 SF)
Zoning code
COMMERCIAL
APN
230-101-23-00
UPID
US09-9306653
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Chrisman Grape Properties LP · 10 yrs held
Chrisman Grape Properties LP
since 2015
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Escondido, 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 Escondido submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Escondido 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
$138 / 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
$22,809
Tax year 2024
Assessed value
$1,992,009
Assessed 2024
Previous assessed
$1,992,009
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$965,822
Assessed improvement
$1,026,187
Applied tax rate
4.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1973
Heating
NONE
Units
23
Total area
11,952 SF
Lot
0.55 ac (23,958 SF)
Zoning code
COMMERCIAL
APN
230-101-23-00
UPID
US09-9306653
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Escondido, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Escondido, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Escondido. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Heating
NONE
Units
23
Lot
0.55 ac
Current owner
From public records · entity-resolved
Chrisman Grape Properties LP
Entity
Mailing address
14389 RDG RNCH RD, VALLEY CENTER, CA 92082-7356
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2019
—
Chrisman Grape Properties LP
—
Deed
related
$2,200,000 · Luther Burbank Savings
Nov 30, 2015
—
Chrisman Grape Properties LP
Norman D Chrisman
Grant Deed
$1,500,000 · Luther Burbank Savings
Sep 28, 2012
$1,650,000
Norman D Chrisman
Pohlen,pat J & Kimberly A
Grant Deed
$1,070,000 · Opus Bank
Jun 26, 2007
$1,775,000
Pat J Pohlen
Smith Family Living Trust
Grant Deed
$1,331,250 · Pacific Premier Bank
Sep 26, 2006
—
Jenine A Braly
Smith,william J JR
Affidavit Of Death
related
—
Jun 10, 2005
—
Smith Family Trust
Smith Family Trust
Quit Claim Deed
related
—
Feb 4, 2005
—
Smith Family Trust
Smith,matilde G
Affidavit Of Death
related
—
Oct 11, 2002
—
William J Etal Smith
Smith,william J & Atilde G
Quit Claim Deed
related
—
Jun 7, 1996
$162,500
William J Smith
Schweininger,ferdinand T & Helga
Grant Deed
related
$15,997 · Seller
—
—
William J Smith
—
Deed Of Trust
related
$60,000 · Provision Mortgage Corp
—
—
Norman D Chrisman
—
Deed Of Trust
related
$450,000 · Kerr-lee Living Trust (pt)
—
—
William J Smith
—
Deed Of Trust
related
$700,000 · Jackson Federal Bank
—
—
Fer Schweininger
—
Deed Of Trust
related
$48,000 · Harris Mtg
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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