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Property profile & analytics
OFF-MARKET
Estimated value
$4,150,000
Office Spaces
511 Saxony Pl Encinitas, CA 92024-2871
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9250390
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2003
Total area
7,740 SF
Lot
1.85 ac (80,552 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
256-330-50-01
UPID
US09-9250390
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
-
MBHI Pain Institute Medical Clinic
-
Dana L. Carson, PsyD Physician Medical Clinic
-
The Halliday Center for Psychotherapy and Wellness Psychotherapist
-
Ward & Associates Financial Advisor
-
Symphony Terrace Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.15M
CAP Approach
CAP
$2.94M
Comparable Approach
Comparable
$4.99M
Blend (final)
Blend
$4.15M
Owner & transaction history
Easier Seals Southern California In · 4 yrs held
Easier Seals Southern California In
since 2021
Last sale
$4.9M
4 recorded transactions
Zoning & alternative use
RESTRICTED COMMERCIAL · Encinitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.3M
+90.6%
Restaurant
$5.1M
+54.6%
Apartment house (5+ units)
$4.1M
+25.5%
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
$3,980,000
ML approach
$4,150,000
CAP Approach
CAP Return
Estimation
6%
$3,185,000
6.5%
$2,940,000
7%
$2,730,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,280,000
Current use
RETAIL STORES
$6,255,000
Change: +91% · Conversion: Moderate
RESTAURANT
$5,075,000
Change: +55% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$4,120,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$3,675,000
Change: +12% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,955,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$4.15M
Range $3.74M – $4.57M · ±10% · vs last sale $4.85M (Dec 10 2021)
Last sale anchor
$4.85M
Dec 10 2021
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
$536 / 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
$59,330
Tax year 2024
Assessed value
$5,045,940
Assessed 2024
Previous assessed
$5,045,940
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,601,000
Assessed improvement
$2,444,940
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2003
Heating
NONE
Units
1
Total area
7,740 SF
Lot
1.85 ac (80,552 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
256-330-50-01
UPID
US09-9250390
Jurisdiction
SAN DIEGO
Zoning & alternative use
RESTRICTED COMMERCIAL · Encinitas, CA
Zoning RESTRICTED COMMERCIAL · permitted uses
RESTRICTED COMMERCIAL · Encinitas, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Encinitas. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.3M
RETAIL STORES
Est. value
$6.3M
RESTAURANT
Est. value
$5.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.0M
OFFICE BUILDING Current
RETAIL STORES
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
2003
Heating
NONE
Units
1
Lot
1.85 ac
Current owner
From public records · entity-resolved
Easier Seals Southern California In
Individual
Mailing address
1063 MCGAW AVE STE #100, IRVINE, CA 92614-5554
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$4,850,000
Easier Seals Southern California In
Saxony Place LLC
Grant Deed
—
Apr 11, 2017
$3,200,000
Saxony Place LLC
Ikaika LLC
Grant Deed
$2,250,000 · San Diego County Cu
—
—
Ikaika LLC
—
Deed Of Trust
related
$1,575,000 · California Bank & Trust
—
—
Ikaika LLC
—
Deed Of Trust
related
$1,350,000 · Bank Of Southern California
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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