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    Property profile & analytics

    618 Vly Ave Solana Beach, CA 92075-2429

    • Retail space
    • 725 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Feb 16, 2023
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    4%
    Retail space
    Location Intelligence
    Property ID
    US09-9107172
    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.

    Current Use by Public Records

    • Chateau Nails & Spa / Facial Spa / Nail Salon
    • El Jardin Hair & Nails / Nail Salon / Beauty Salon

    Property Details for 618 Vly Ave

    Year built
    1960
    Lot size
    0.35 lot acres
    Property size
    725 SF
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    298-132-31-00
    APU
    2981323100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $280,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $190,000
      6.5%
      $175,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $337,000
      Market price range: $337k - $972k

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

    Location Insight

    • Map
    • Local Demand
    City
    Solana Beach
    County
    San Diego
    State
    California
    Longitude
    -117.258
    Latitude
    32.989
    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
    $1,500
    $34,518
    $17,028
    $51,546
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      0.01 Acres

      111 Plz St

      RETAIL STORES (PERSONAL SERVICES) • 0.01 Acres
      111 Plz St, Solana Beach, CA 92075-1123
      View Details
    • Value Estimation
      $560,000
      8,512 SF

      641 Vly Ave, Unit 49

      RETAIL STORES (PERSONAL SERVICES) • 8,512 SF
      641 Vly Ave, Solana Beach, CA 92075-2428
      View Details
    • Value Estimation
      $270,000
      1,336 SF

      107-9 Acacia Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,336 SF
      107-9 Acacia Ave, Solana Beach, CA 92075
      View Details
    • Value Estimation
      $690,000
      19,026 SF

      415 Cedros Ave

      RETAIL STORES (PERSONAL SERVICES) • 19,026 SF
      415 Cedros Ave, Solana Beach, CA 92075-1945
      View Details
    • Value Estimation
      $625,000
      11,628 SF

      337 Cedros Ave, Unit 41

      RETAIL STORES (PERSONAL SERVICES) • 11,628 SF
      337 Cedros Ave, Solana Beach, CA 92075-1951
      View Details
    • Value Estimation
      $430,000
      6,211 SF

      325 Hwy 101

      RETAIL STORES (PERSONAL SERVICES) • 6,211 SF
      325 Hwy 101, Solana Beach, CA 92075-1130
      View Details

    Similar Nearby for Sale

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      2,100 SF

      Solana Beach Commercial Building For Sale

      2,100 SF commercial building in the Cedros Design District.
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    • $200,000
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      Solana Beach Restaurant Opportunity

      Established restaurant for sale in prime coastal location.
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      Solana Beach Ocean View Land

      6+ acre ocean view land in Solana Beach, California.
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      4.08 Acres

      Solana Beach Panoramic View Land

      4-acre parcel in Rancho Santa Fe Farms area.
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      Solana Beach Development Opportunity

      Development opportunity in coveted coastal community with approved plans.
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    • $1,750,000
      10.22 Acres

      Rancho Santa Fe Land Opportunity

      Two contiguous parcels totaling over 10 acres in Solana Beach.
      Niemann Rnch Rd, Solana Beach, CA 92075
      View Details

    Similar Nearby for Lease

    • $72 SF/Yr
      24,947 SF

      Solana Beach Executive Office Suites

      Prime Solana Beach Office Space Available
      308-312 Cedros Ave, Solana Beach, CA 92075
      View Details
    • $47 SF/Yr
      1,464 SF

      Retail Space on Cedros Avenue

      Retail space available for lease on Cedros Avenue.
      415 S Cedros Ave, Solana Beach, CA 92075
      View Details
    • Contact for pricing
      892 SF

      Retail Space in Solana Beach

      Retail space available for lease in Solana Beach, CA.
      114 S Solana Hills Dr, Solana Beach, CA 92075
      View Details
    • Contact for pricing
      10,000 SF

      Retail Space in Solana Beach

      Retail property available for rent in Solana Beach, CA.
      673-685 San Rodolfo Dr, Solana Beach, CA 92075
      View Details
    • Contact for pricing
      4,621 SF

      Retail Space in Solana Beach

      Retail property available for lease in Solana Beach, CA.
      663 San Rodolfo Dr, Solana Beach, CA 92075
      View Details
    • $57 SF/Yr
      2,797 SF

      Retail Space in Solana Beach

      Retail space available for lease in Solana Beach, CA.
      129 Highway 101 N, Solana Beach, CA 92075
      View Details
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    618 Vly Ave
    Solana Beach, CA 92075-2429
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    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
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