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Property profile & analytics
FOR LEASE
Data centers and call centers
675 S Rancho Santa Fe Rd San Marcos, CA 92078
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9695378
For Lease
1 / 2
$2,940,000
675 S Rancho Santa Fe Rd, San Marcos, CA 92078
View Listing →
Property summary
AI-generated overview
This exceptional retail property, located at 675 S. Rancho Santa Fe Road in San Marcos, California (zip code 92069), offers two available commercial spaces ideal for a variety of businesses. Situated in San Diego County, this property boasts a total building size of 12,665 square feet, with a minimum divisible space of 835 square feet and a maximum contiguous space of 2,625 square feet. Currently, 3,460 square feet are vacant and ready for immediate occupancy. The property is categorized as multi-tenant retail, providing flexibility for businesses seeking different space requirements. The address is easily accessible and visible from a major thoroughfare, offering excellent exposure to potential customers. This location in San Marcos provides a thriving commercial environment with high foot traffic and strong community engagement. The property is well-maintained and ready for immediate lease. Interested parties are encouraged to inquire about lease terms and availability for these two exceptional retail spaces. The property is conveniently located at 33.1630271 latitude and -117.1617685 longitude.
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
1982
Total area
5,920 SF
Lot
0.69 ac (30,056 SF)
Zoning code
COMMERCIAL
APN
221-031-21-00
UPID
US09-9695378
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
-
San Marcos Modern Dentistry Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.90M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$2.94M
Owner & transaction history
Athena San Marcos Retail I LLC · 4 yrs held
Athena San Marcos Retail I LLC
since 2021
Last sale
$2.3M
3 recorded transactions
Zoning & alternative use
COMMERCIAL · San Marcos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+15.0%
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 San Marcos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Marcos 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
$3,460,000
ML approach
$2,895,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RADIO OR TV STATION
$3,375,000
Current use
RESTAURANT
$3,880,000
Change: +15% · Conversion: Difficult
MEDICAL BUILDING
$2,810,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$2.94M
Range $2.65M – $3.23M · ±10% · vs last sale $2.28M (Nov 18 2021)
Last sale anchor
$2.28M
Nov 18 2021
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
$497 / 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
$26,369
Tax year 2024
Assessed value
$2,366,910
Assessed 2024
Previous assessed
$2,366,910
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,560,600
Assessed improvement
$806,310
Applied tax rate
13.0000
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
Data centers and call centers
Use group
RADIO OR TV STATION
Status
For Lease
Year built
1982
Heating
NONE
Units
1
Total area
5,920 SF
Lot
0.69 ac (30,056 SF)
Zoning code
COMMERCIAL
APN
221-031-21-00
UPID
US09-9695378
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Marcos, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Marcos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Marcos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RADIO OR TV STATION Current
Est. value
$3.4M
RESTAURANT
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$2.8M
RADIO OR TV STATION Current
RESTAURANT
MEDICAL 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
1982
Heating
NONE
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Athena San Marcos Retail I LLC
Entity
Free & Clear · 4 yrs held
Mailing address
730 EL CAMINO WAY STE #200, TUSTIN, CA 92780-7733
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
—
Athena San Marcos Retail I LLC
—
Deed
related
$2,000,000 · Western Alliance Bank
Nov 18, 2021
$2,275,000
Athena San Marcos Retail I LLC
U S Bank National Association
Grant Deed
—
Aug 25, 2009
$2,830,000
Us Bk
Downey S&l Assn Fa
Grant Deed
—
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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