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Property profile & analytics
OFF-MARKET
Estimated value
$1,870,000
Super regional malls
6997 Friars Rd San Diego, CA 92108-1100
Entity Owned
18-yr Hold
Free & Clear
Property ID
US09-8346077
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Total area
9,999 SF
Lot
5.46 ac (237,837 SF)
Zoning code
COMMERCIAL
APN
437-291-27-00
UPID
US09-8346077
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
-
Marketplace Cafe Restaurant
-
Prada San Diego Nordstrom Bags & Acc. Clothing & Fashion Store
-
Nordstrom Cosmetic Store
-
Nordstrom San Diego Production Facility
-
Alterations at Nordstrom (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.87M
Owner & transaction history
Jks San Diego LP · 18 yrs held
Jks San Diego LP
since 2007
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, 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 San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$187 / 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
$443,060
Tax year 2024
Assessed value
$36,057,454
Assessed 2024
Previous assessed
$36,057,454
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$14,165,426
Assessed improvement
$21,892,028
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Heating
NONE
Units
1
Total area
9,999 SF
Lot
5.46 ac (237,837 SF)
Zoning code
COMMERCIAL
APN
437-291-27-00
UPID
US09-8346077
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
5.46 ac
Current owner
From public records · entity-resolved
Jks San Diego LP
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 21045, SEATTLE, WA 98111-3045
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Fashion Valley Mall LLC
—
Deed
related
$450,000,000 · Bank Of America NA
Jan 27, 2021
—
Fashion Valley Mall LLC
—
Deed
related
$240,243,500 · Metlife R/e Lndg LLC
Dec 16, 2010
—
Fashion Valley Mall LLC
—
Deed Of Trust
related
$475,000,000 · Metropolitan Life Insurance
Jul 13, 2009
—
Fashion Valley Mall LLC
—
Deed Of Trust
related
$350,000,000 · Westdeutsche Immobilienbank
Oct 8, 2007
—
Jks San Diego LP
Newkirk Sandnord LP
Grant Deed
—
Oct 3, 2001
—
Fashion Valley Mall LLC
Equitable Life Assurance Socie
Grant Deed
$200,000,000 · Lehman Brothers Bank Fsb
Jun 24, 1998
—
Equitable Life Assurance Socie
—
Deed Of Trust
related
$225,000,000 · Lehman Capital Corp
—
—
Fashion Valley Mall LLC
—
Deed Of Trust
related
$240,243,500 · Metlife R/e Lndg LLC
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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