New search
Property profile & analytics
OFF-MARKET
Estimated value
$21,240,000
Commercial land
6828 Federal Blvd, Lemon Grove, CA 91945-1314
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6607482
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.9 ac (39,204 SF)
Zoning code
COMMERCIAL
APN
478-141-03-00
UPID
US09-6607482
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
-
Larry H. Miller Toyota Lemon Grove Used Car SuperCenter Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.24M
Owner & transaction history
Ve Tlgre LLC · 1 yrs held
Ve Tlgre LLC
since 2025
Last sale
$21.8M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Lemon Grove, 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 Lemon Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lemon Grove 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
$20,115,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$21.24M
Range $19.12M – $23.36M · ±10% · vs last sale $21.80M (Jan 5 2022)
Last sale anchor
$21.80M
Jan 5 2022
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
—
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
$15,949
Tax year 2024
Assessed value
$1,328,778
Assessed 2024
Previous assessed
$1,328,778
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,328,778
Applied tax rate
15.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.9 ac (39,204 SF)
Zoning code
COMMERCIAL
APN
478-141-03-00
UPID
US09-6607482
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Lemon Grove, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Lemon Grove, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lemon Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
Ve Tlgre LLC
Entity
Mailing address
2905 PREMIERE PKWY STE #300, DULUTH, GA 30097-5240
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
$25,000,000
Ve Tlgre LLC
Lhm Tsd LLC
Grant Deed
$22,500,000 · Toyota Motor Credit Corp
Jan 5, 2022
$21,800,000
Lhm Tsd LLC
Miller Family Real Estate LLC
Grant Deed
—
Feb 6, 2020
—
Miller Fam R & E LLC
Es 198479 LLC
Quit Claim Deed
—
Apr 30, 2019
$9,230,000
Es 198479 LLC
Floit,dan
Grant Deed
—
Jun 27, 2016
—
Dan Floit
Apik 45 LLC
Quit Claim Deed
related
—
Feb 8, 2016
$5,387,500
Apik 45 LLC
Ben B & Iris M Margolis Charit
Grant Deed
—
Jan 20, 2016
—
Ben B & Iris M Margolis Charit
Ben B & Iris M Margolis Charit
Quit Claim Deed
related
—
Jul 16, 2007
—
Margolis,ben B & Iris M Trust
Owner Name Unavailable
Quit Claim Deed
—
Apr 23, 1993
—
Patricia A Richards
Hatch,robert A
Quit Claim Deed
related
—
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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