Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    508 Nevada St Oceanside, CA 92054-2459
    Back to Search
    Property profile & analytics

    508 Nevada St, Oceanside, CA 92054-2459

    View on Map
    • Apartment buildings
    • 7,798 SF
    • 0.23 lot acres
    Off-Market
    Property ID
    US09-9324816
    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.
    Value Estimations
    $1,460,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Beach Walk Apartments / Apartment Building / Apartments

    Property Details for 508 Nevada St

    Year built
    1960
    Lot size
    0.23 lot acres
    Zone code
    RESTRICTED COMMERCIAL
    Property type
    Apartment buildings
    APN
    147-101-11-00
    APU
    1471011100

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 21, 2021 — Donegal Investment Company LLC — Deed · related $2.9M · Jpmorgan Chase Bank NA
    Jul 27, 2007 — Donegal Investment Co LLC Pdp Oceanside Partners LLC Grant Deed $3.2M · Indymac Commercial Lending Corp
    Mar 29, 2001 — Pdp Oceanside Partners Mtb Family Etal Grant Deed · related $2M · Bank Of America
    Jan 11, 1989 — William E Bogart Bogart William E Quit Claim Deed · related $22k · Homefed Bank
    Oct 20, 1988 $2,075,000 William E Bogart Professional Dat Trustees Deed $454k · World Savings & Loan
    Oct 20, 1988 — Parkcrest Crown Thornberg Herber Grant Deed · related —
    — — William E Bogart — Deed Of Trust · related $100k · Scripps Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,015,000
      6.5%
      $1,860,000
      7%
      $1,725,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    San Diego
    State
    California
    Longitude
    -117.379
    Latitude
    33.2001
    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
    $23,624
    $1,158,982
    $936,844
    $2,095,826
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.73 Acres

      690 California St, Unit 98

      APARTMENT HOUSE (5+ UNITS)
      690 California St, Oceanside, CA 92054-5466
      View Details
    • Value Estimation
      $5,730,000
      43,323 SF

      450 Morse St

      APARTMENT HOUSE (5+ UNITS)
      450 Morse St, Oceanside, CA 92054-5336
      View Details
    • Value Estimation by Request
      2,862 SF

      218 Myers St, Unit 24

      APARTMENT HOUSE (5+ UNITS)
      218 Myers St, Oceanside, CA 92054-2906
      View Details
    • Value Estimation
      $1,805,000
      10,756 SF

      519 Nevada St

      APARTMENT HOUSE (5+ UNITS)
      519 Nevada St, Oceanside, CA 92054-2466
      View Details
    • Value Estimation
      $1,160,000
      6,976 SF

      1234 Division St

      APARTMENT HOUSE (5+ UNITS)
      1234 Division St, Oceanside, CA 92054-3299
      View Details
    • Value Estimation
      $1,890,000
      18,176 SF

      515 Greenbrier Dr

      APARTMENT HOUSE (5+ UNITS)
      515 Greenbrier Dr, Oceanside, CA 92054-4343
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Oceanside Multifamily Redevelopment Opportunity

      Two parcels with eight units near beach and harbor.
      722 N Freeman St, Oceanside, CA 92054
      View Details
    • $3,200,000
      4,252 SF

      Oceanside Multifamily Property with Redevelopment Potential

      Multifamily property in redevelopment area near Oceanside's attractions.
      722718 N Freeman St, Oceanside, CA 92054
      View Details
    • $5,400,000

      Renovated Oceanside Apartments Near Beach

      Completely renovated 13-unit apartment complex near the beach.
      500 N Clementine St, Oceanside, CA 92054
      View Details
    • $3,200,000

      Oceanside Multifamily Property Near Beach

      Two parcels with eight units near beach and harbor.
      722 N Freeman St, Oceanside, CA 92054
      View Details
    • Contact for pricing
      5,216 SF

      Oceanside Multifamily Property with Ocean Views

      Value-add multifamily property near Oceanside Pier with ocean views.
      920 S Pacific St, Oceanside, CA 92054
      View Details
    • Contact for pricing

      Coastal Four-Unit Investment Opportunity

      Four-unit property near the beach with strong income potential.
      1622 S Tremont St, Oceanside, CA 92054
      View Details

    Similar Nearby for Lease

    • $1.90 SF/Yr

      Retail Space in Oceanside

      Unique retail space in a laid-back beach community.
      1012-1016 S Coast Hwy, Oceanside, CA 92054
      View Details
    • Contact for pricing

      Oceanside Office Spaces Available

      Office spaces for rent in Oceanside, ranging from 175-246 SqFt.
      705 Pier View Way, Oceanside, CA 92054
      View Details
    • Contact for pricing
      1,768 SF

      Oceanside Retail Space For Rent

      Retail space available in Oceanside neighborhood shopping center.
      2500-2598 Vista Way, Oceanside, CA 92054
      View Details
    • Contact for pricing
      2,240 SF

      Oceanside Office Space For Rent

      Office suites available near the beach and Oceanside Pier.
      705 Pier View Way, Oceanside, CA 92054
      View Details
    • Contact for pricing

      Oceanside Retail Shopping Center

      Fully leased shopping center in Oceanside, California.
      210-216 N Coast Hwy, Oceanside, CA 92054
      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.
    508 Nevada St
    Oceanside, CA 92054-2459
    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

    Thank You for Inquiry
    508 Nevada St, Oceanside, CA, 92054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!