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Property profile & analytics
FOR LEASE
Retail space
505 Lomas Santa Fe Dr Solana Beach, CA 92075
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8918604
For Lease
1 / 2
Contact for pricing
505 Lomas Santa Fe Dr, Solana Beach, CA 92075
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Property summary
AI-generated overview
The Plaza at 505 Lomas Santa Fe Drive in Solana Beach, CA 92075 offers exceptional Class A executive office space. This stunning building boasts 22,736 square feet of total space, with multiple tenancy options available. Currently, 3,324 square feet of vacant space is available, divisible into units ranging from 1,096 to 2,228 contiguous square feet, perfect for businesses seeking a sophisticated and inspiring work environment. The property features a prime location with easy access to I-5 and breathtaking ocean views. The building's elegant design, accented with travertine stone, creates a superior business atmosphere. Tenants enjoy a beautifully landscaped courtyard, upscale restrooms, and a professional ambiance. With ample parking (3.16 spaces per 1,000 square feet), The Plaza at 505 provides a convenient and prestigious location for your business. This is an unparalleled opportunity to establish your presence in one of Solana Beach's most sought-after office buildings. Located in San Diego County, this property offers a blend of coastal charm and professional excellence.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
22,766 SF
Lot
1.03 ac (44,866 SF)
Zoning code
COMMERCIAL
APN
263-402-21-00
UPID
US09-8918604
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
-
Artelo Biosciences Corporate Office
-
Alison Wacter, PsyD Physician Medical Clinic
-
MD Revolution (Bike/Boat/Book/etc) Store Corporate Office
-
Richard A. Erlien, MFT Counselor
-
Andrea C. Phillips, REG Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.20M
Owner & transaction history
Alberhill Development LLC · 4 yrs held
Alberhill Development LLC
since 2022
Last sale
$18.0M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Solana Beach, CA
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 Solana Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solana Beach 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
$17,910,000
ML approach
$9,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$20,610,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$20,510,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$15.20M
Range $13.68M – $16.71M · ±10% · vs last sale $18.00M (May 18 2022)
Last sale anchor
$18.00M
May 18 2022
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
$667 / 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
$205,482
Tax year 2024
Assessed value
$18,727,200
Assessed 2024
Previous assessed
$18,727,200
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$9,363,600
Assessed improvement
$9,363,600
Applied tax rate
18.0000
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
For Lease
Year built
1981
Heating
NONE
Units
1
Total area
22,766 SF
Lot
1.03 ac (44,866 SF)
Zoning code
COMMERCIAL
APN
263-402-21-00
UPID
US09-8918604
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Solana Beach, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · Solana Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 1
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$20.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.5M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
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
1981
Heating
NONE
Units
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Alberhill Development LLC
Entity
Mailing address
12671 HIGH BLF DR STE #150, SAN DIEGO, CA 92130-3018
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
Alberhill Development LLC
—
Deed
related
—
May 18, 2022
$18,000,000
Alberhill Development LLC
Beckman Lomas LLC
Grant Deed
$8,955,500 · Plumas Bank
Apr 6, 2006
—
Beckman Of Lomas LLC
Village & Country Properties
Grant Deed
$5,000,000 · Lasalle National Bank
Jun 7, 1999
—
Village Properties
—
Deed Of Trust
related
$1,900,000 · Fortis Insurance Co
Apr 28, 1995
$1,690,000
Village Properties
Nardo Associates
Grant Deed
—
—
—
Assoc Nardo
—
Deed Of Trust
related
$100,300 · Valley Federal Savings & Loan
—
—
Beckman Of Lomas LLC
—
Deed Of Trust
related
$5,000,000 · California Coast Cu
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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