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Property profile & analytics
OFF-MARKET
Estimated value
$7,445,000
Office buildings
7590 Fay Ave La Jolla, CA 92037-4885
Individually Owned
33-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8933749
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1979
Total area
42,000 SF
Lot
0.19 ac (8,399 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
350-471-22-00
UPID
US09-8933749
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
-
Tarot Card Reading San Diego Physician
-
Website Marketing Systems Marketing & Advertising (Bike/Boat/Book/etc) Store
-
ComForCare Home Health Care Service
-
CrystalTek Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.48M
Blend (final)
Blend
$7.45M
Owner & transaction history
Modern Castles II · 33 yrs held
Modern Castles II
since 1993
5 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · La Jolla, 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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.45M
Range $6.70M – $8.19M · ±10%
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
$177 / 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
$37,532
Tax year 2024
Assessed value
$2,977,868
Assessed 2024
Previous assessed
$2,977,868
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$679,872
Assessed improvement
$2,297,996
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1979
Heating
NONE
Units
1
Total area
42,000 SF
Lot
0.19 ac (8,399 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
350-471-22-00
UPID
US09-8933749
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · La Jolla, CAZoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · La Jolla, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Units
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Modern Castles II
Individual
Free & Clear · 33 yrs held
Mailing address
1200 PROSPECT ST STE #320, LA JOLLA, CA 92037-3660
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1993
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 1993
—
Modern Castles II
Yakima Propertie
Grant Deed
related
—
Jun 2, 1993
—
Yakima Properties INC
Seattle First NA
Grant Deed
related
—
Mar 15, 1993
$50,000
Seatlle-first National Bank
Fargo Industries
Trustees Deed
related
—
Dec 8, 1988
$10,200,000
Fargo Industries
Rainier Mtg Co
Trustees Deed
$9,000,000 · Rainier National Bank
Dec 8, 1988
—
Fargo Industries
—
Grant Deed
related
$1,000,000 · Rainier National Bank
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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