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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Retail space
6122 Lk Murray Blvd 36 La Mesa, CA 91942-2502
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9275940
Property summary
AI-generated overview
This exceptional 1,800 square foot retail space in San Diego County, located at 6122 Lake Murray, presents a unique opportunity for businesses seeking high visibility and convenient customer access. The property boasts excellent signage opportunities, ensuring maximum brand exposure and attracting significant foot traffic. Its prime location guarantees a steady stream of potential customers. One space is currently available for lease, offering a multitude of benefits for a variety of retail businesses. The property features abundant parking, providing ease of access for both customers and employees, enhancing the overall shopping experience. This combination of prominent signage, high visibility, and ample parking makes this retail space an ideal location for businesses seeking to thrive in a high-traffic area. The space is perfect for a business that values customer convenience and strong brand presence. Don't miss this chance to secure a thriving location for your establishment in a desirable San Diego County area.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Total area
10,800 SF
Lot
0.9 ac (39,204 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
675-010-07-00
UPID
US09-9275940
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
-
Book Place Electronics & Wireless Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.00M
CAP Approach
CAP
$2.61M
Comparable Approach
Comparable
$3.93M
Blend (final)
Blend
$4.00M
Owner & transaction history
Bmm 1 Lake Murray LLC · 2 yrs held
Bmm 1 Lake Murray LLC
since 2024
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · La Mesa, 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 La Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Mesa 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
$4,000,000
ML approach
$4,000,000
CAP Approach
CAP Return
Estimation
6%
$2,825,000
6.5%
$2,610,000
7%
$2,425,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,500,000
Current use
MEDICAL BUILDING
$4,445,000
Change: -1% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,125,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$3,895,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.00M (Jul 10 2024)
Last sale anchor
$4.00M
Jul 10 2024
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
$370 / 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
$27,019
Tax year 2024
Assessed value
$2,111,351
Assessed 2024
Previous assessed
$2,111,351
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$768,484
Assessed improvement
$1,342,867
Applied tax rate
5.0000
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
1979
Heating
NONE
Units
1
Total area
10,800 SF
Lot
0.9 ac (39,204 SF)
Zoning code
R-3:RESTRICTED MULTIPLE
APN
675-010-07-00
UPID
US09-9275940
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · La Mesa, CA
Zoning R-3:RESTRICTED MULTIPLE · permitted uses
R-3:RESTRICTED MULTIPLE · La Mesa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.9M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1979
Heating
NONE
Units
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Bmm 1 Lake Murray LLC
Entity
Mailing address
1209 VIS GRANDE RD, EL CAJON, CA 92019-3673
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 10, 2024
$4,000,000
Bmm 1 Lake Murray LLC
Valerie B Pichney
Grant Deed
$1,000,000 · Mission FCU
Jan 13, 2015
—
Elbert,mark A Living Trust
Elbert Mark A Living Trust
Quit Claim Deed
related
—
Jun 18, 2013
—
Elbert,mark A Living Trust
Us Bk National Assn
Quit Claim Deed
related
—
Oct 18, 2004
—
Elbert Mark A Trust
Elbert Mark A Trust
Quit Claim Deed
related
—
Oct 15, 2004
—
Elbert Mark A Trust
Elbert Mark Trust
Quit Claim Deed
related
—
Sep 16, 2004
—
Elbert Mark A Trust
Elbert Mark Trust
Quit Claim Deed
related
$735,000 · Us Bank NA
Feb 26, 1999
$12,000
Wells Fargo Bank Trustee
Youngman Trust
Grant Deed
related
—
—
—
Elbert Trust
—
Deed Of Trust
related
$800,000 · Wells Fargo Bank
—
—
Elbert Mark A Living Trust
—
Deed Of Trust
related
$600,000 · Anderson Childrens Foun
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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