New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,855,000
Retail space
580 2nd St, Encinitas, CA 92024-3566
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9002313
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Total area
9,639 SF
Lot
0.35 ac (15,221 SF)
Zoning code
COMMERCIAL
APN
258-086-20-00
UPID
US09-9002313
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
-
Herold & Sager Atty At Law Law Firm
-
Wealth Preservation: Stewart J. Weissman Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.14M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.86M
Owner & transaction history
Cynthia Olch Leonard · 1 yrs held
Cynthia Olch Leonard
since 2025
Last sale
$8.6M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Encinitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$8.7M
+11.5%
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
$7,040,000
ML approach
$7,135,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,790,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,685,000
Change: +12% · Conversion: Moderate
RESTAURANT
$6,320,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$7.86M
Range $7.07M – $8.64M · ±10% · vs last sale $8.63M (Feb 7 2025)
Last sale anchor
$8.63M
Feb 7 2025
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
$815 / 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
$67,416
Tax year 2024
Assessed value
$6,309,584
Assessed 2024
Previous assessed
$6,309,584
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,802,737
Assessed improvement
$4,506,847
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Heating
NONE
Units
1
Total area
9,639 SF
Lot
0.35 ac (15,221 SF)
Zoning code
COMMERCIAL
APN
258-086-20-00
UPID
US09-9002313
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Encinitas, CA
Zoning COMMERCIAL · permitted uses
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
RETAIL STORES Current
Est. value
$7.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.7M
RESTAURANT
Est. value
$6.3M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
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
0.35 ac
Current owner
From public records · entity-resolved
Cynthia Olch Leonard
Individual
Mailing address
111 C ST #200, ENCINITAS, CA 92024-3514
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Feb 7, 2025
—
Cynthia Olch Leonard
Cynthia Olch Leonard
Deed
related
—
Jan 30, 2018
—
Leonard,steven C Trust
Leonard,steven C
Quit Claim Deed
related
$3,750,000 · Miscellaneous Ins Co
Dec 20, 2013
$8,625,000
Pacifica Encinitas Beach LLC
Wwg LLC
Grant Deed
—
Dec 20, 2013
—
Steven C Leonard
Leonard,cynthia O
Quit Claim Deed
related
—
—
—
Wwg LLC
—
Deed Of Trust
related
$1,000,000 · Cdc Small Business Finance Co
—
—
Wwg LLC
—
Deed Of Trust
related
$972,000 · California Bank & Trust
—
—
Wwg LLC
—
Deed Of Trust
related
$1,813,266 · California Bank & Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 580 2nd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
