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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Turn key restaurants
6941 La Jolla Blvd La Jolla, CA 92037-5427
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8223636
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1986
Total area
2,183 SF
Lot
0.15 ac (6,404 SF)
Zoning code
COMMERCIAL
APN
351-280-02-00
UPID
US09-8223636
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Cn Lawrence LLC · 4 yrs held
Cn Lawrence LLC
since 2021
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
COMMERCIAL · La Jolla, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+37.4%
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 La Jolla submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Jolla 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
$960,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,430,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,965,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$1,340,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.40M (Oct 29 2021)
Last sale anchor
$1.40M
Oct 29 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
$657 / 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
$18,275
Tax year 2024
Assessed value
$1,485,690
Assessed 2024
Previous assessed
$1,485,690
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$1,167,328
Assessed improvement
$318,362
Applied tax rate
8.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1986
Heating
NONE
Total area
2,183 SF
Lot
0.15 ac (6,404 SF)
Zoning code
COMMERCIAL
APN
351-280-02-00
UPID
US09-8223636
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · La Jolla, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · La Jolla, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Jolla. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
RETAIL STORES
Est. value
$1.3M
RESTAURANT Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1986
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Cn Lawrence LLC
Entity
Mailing address
1035 ONTARIO ST, ESCONDIDO, CA 92025-3820
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
—
Cn Lawrence LLC
—
Deed
related
$587,000 · Southland Economic Development Corporati
Oct 29, 2021
$1,400,000
Cn Lawrence LLC
Pino 5 LLC
Grant Deed
$711,640 · Pacific Western National Bank
Oct 29, 2021
—
Pino 5 LLC
Joanne Nerini O'meara
Grant Deed
—
Oct 5, 2016
—
Pino 5 LLC
Lagioia Trust
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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