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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Retail space
7388 Broadway 96 Lemon Grove, CA 91945-1512
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9510882
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
5,853 SF
Lot
0.27 ac (11,824 SF)
Zoning code
COMMERCIAL
APN
480-021-73-00
UPID
US09-9510882
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
-
Kong Smoke Shop Specialty Food Shop
-
BLG Market & Pizza Grocery & Convenience Store
-
BLG Smoke/Vape Shop & Market. Food Market Farmer's Market
-
Big Market & Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$949k
Blend (final)
Blend
$1.21M
Owner & transaction history
7388 96 Blg LLC · 4 yrs held
7388 96 Blg LLC
since 2021
Last sale
$1.1M
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
$1,215,000
ML approach
$1,215,000
CAP Approach
CAP Return
Estimation
6%
$1,530,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,960,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,845,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.10M (Oct 11 2021)
Last sale anchor
$1.10M
Oct 11 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
$207 / 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
$14,697
Tax year 2024
Assessed value
$1,144,440
Assessed 2024
Previous assessed
$1,144,440
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$582,624
Assessed improvement
$561,816
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Heating
NONE
Units
1
Total area
5,853 SF
Lot
0.27 ac (11,824 SF)
Zoning code
COMMERCIAL
APN
480-021-73-00
UPID
US09-9510882
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
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
1950
Heating
NONE
Units
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
7388 96 Blg LLC
Entity
Mailing address
10526 PNE GRV ST, SPRING VALLEY, CA 91978-1516
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
—
7388 96 Blg LLC
—
Deed
related
$720,750 · Neighborhood National Bank
Mar 13, 2023
—
7388 96 Blg LLC
—
Deed
related
$200,000 · Dolor Naimi
Oct 11, 2021
$1,100,000
7388 96 Blg LLC
Eiad Halim Haddad
Grant Deed
$926,000 · Hanmi Bank
Jan 20, 2015
—
Eiad & Vera H Family Trust
Haddad,eiad H
Quit Claim Deed
related
—
Apr 30, 2014
$830,000
Eiad H Haddad
Schwartz,xavier & Susan
Grant Deed
—
Apr 30, 2014
—
Eiad H Haddad
Zawaideh,vera
Quit Claim Deed
related
—
Jan 9, 2007
$600,000
Xavier Schwartz
Cole Family Trust
Grant Deed
$540,000 · Cole Family Trust
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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