Property profile & analytics
640 Grand Ave San Marcos, CA 92078-1200
- Retail space
- 6,000 SF
- 0.51 lot acres
OFF-MARKET
Value Estimations
$1,465,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US09-9690226
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
- New Optix Optometry / Physician
- Mini Ta / Physician
- Dr. Michael Tran / Physician
- Dr. michal M. oluwayemisi, DDS / Physician
Property Details for 640 Grand Ave
- Year built
- 1988
- Lot size
- 0.51 lot acres
- Property size
- 6,000 SF
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 219-270-41-00
- APU
- 2192704100
Description
This exceptional freestanding retail building, located at 640 Grand Ave in San Marcos, CA, presents a compelling investment opportunity. The 6,110 square foot property, built in 1988, sits on a 0.51-acre lot and features two units, currently 50% occupied under a NNN lease. The asking price is $4,500,000, translating to $736.50 per square foot. The property boasts 26 parking spaces, a significant advantage in a high-traffic area. Its prime location on a major thoroughfare provides excellent visibility and convenient access to Highway 78, connecting I-5 and I-15. The building benefits from its proximity to Creekside Marketplace, a thriving retail center attracting over 5.8 million annual visits. This synergistic location, coupled with the presence of nearby CSU San Marcos and Palomar College (with a combined enrollment of approximately 45,500 students), ensures a robust customer base. The property's zoning is C-Commercial, allowing for a variety of uses. The fee-simple ownership structure offers significant potential for an owner-user seeking to capitalize on attractive SBA loan rates, customize the vacant space, and enjoy both equity appreciation and pride of ownership. This is a rare opportunity to acquire a well-positioned retail property in a thriving San Diego County market. The property's address is 640 Grand Ave, San Marcos, CA 92078, and its APN is 219-270-41.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,570,000
- 6.5%
- $1,450,000
- 7%
- $1,345,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,349,000
Market price range: $296k - $1.60M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,820,000 Current use
- AUTO REPAIR, GARAGE
- $2,290,000 Change: +26% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,890,000 Change: +4% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Marcos
- County
- San Diego
- State
- California
- Longitude
- -117.179
- Latitude
- 33.1358
- 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
$21,923
$557,758
$1,416,706
$1,974,464
-
$0.00
$0.00
$0.00
