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Property profile & analytics
OFF-MARKET
Estimated value
$4,000,000
Retail space
631 3rd St, Encinitas, CA 92024-3556
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9000986
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2005
Total area
2,885 SF
Lot
0.12 ac (5,021 SF)
Zoning code
COMMERCIAL
APN
258-165-13-00
UPID
US09-9000986
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
-
Alliance MultiMedia Film Production Television Studio
-
Coastal Counseling Counselor Marriage Or Relationship Counselor
-
Jennifer Semmes Foster Care Service Social Service Agency
-
Kristyn Beckstrom Marriage Or Relationship Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.41M
Blend (final)
Blend
$4.00M
Owner & transaction history
Gjs Properties LLC · 1 yrs held
Gjs Properties LLC
since 2025
Last sale
$4.1M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Encinitas, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.7M
+103.3%
Neighborhood: shopping center
$2.6M
+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
$3,880,000
ML approach
$3,965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,740,000
Change: +103% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,600,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$4.00M
Range $3.60M – $4.40M · ±10% · vs last sale $4.08M (Mar 20 2025)
Last sale anchor
$4.08M
Mar 20 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
$1,386 / 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
$42,966
Tax year 2024
Assessed value
$3,978,000
Assessed 2024
Previous assessed
$3,978,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,530,000
Assessed improvement
$2,448,000
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
2005
Heating
NONE
Units
1
Bathrooms
1
Total area
2,885 SF
Lot
0.12 ac (5,021 SF)
Zoning code
COMMERCIAL
APN
258-165-13-00
UPID
US09-9000986
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
COMMERCIAL (GENERAL)
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Heating
NONE
Units
1
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Gjs Properties LLC
Entity
Mailing address
11408 NE 2ND PL, BELLEVUE, WA 98004-5217
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2025
$4,075,000
Gjs Properties LLC
A & W Ca Limited Liability Company
Grant Deed
$2,325,000 · A & W Ca Limited Liability Company
Aug 1, 2022
$3,900,000
A & W Ca Limited Liability Company
E & E Properties INC
Grant Deed
$1,900,000 · Us Bank NA
Aug 9, 2021
—
E & E Properties INC
—
Deed
related
$500,000 · Matthew Landesman
Mar 24, 2004
—
E & E Properties INC
E & E Transportation INC
Quit Claim Deed
related
—
Aug 22, 2002
$420,000
E & E Transportation INC
Glatts,gerald S Tr
Grant Deed
$200,000 · Murphy Trust
Dec 13, 1999
$340,000
Gerald S Glatts Trustee
Johnson,roger L
Grant Deed
$100,000 · Washington Mutual Fsb
—
—
Roger L Johnson
—
Deed Of Trust
related
$75,000 · First National Bank
—
—
Roger L Johnson
—
Deed Of Trust
related
$97,000 · Bank Of Southern California
—
—
E & E Properties INC
—
Deed Of Trust
related
$540,000 · Greenpoint Mortgage Funding
—
—
Roger L Johnson
—
Deed Of Trust
related
$50,000 · Bank Of Southern California
—
—
Roger L Johnson
—
Deed Of Trust
related
$25,000 · 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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