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Property profile & analytics
OFF-MARKET
Estimated value
$4,615,000
Medical Office Space
761 Academy Dr 81 Solana Beach, CA 92075-2031
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9107352
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1972
Total area
11,726 SF
Lot
1 ac (43,560 SF)
Zoning code
COMMERCIAL
APN
298-530-19-00
UPID
US09-9107352
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
by Request
CAP Approach
CAP
$3.41M
Comparable Approach
Comparable
$6.45M
Blend (final)
Blend
$4.62M
Owner & transaction history
Santa Fe Christian Schools · 1 yrs held
Santa Fe Christian Schools
since 2025
Last sale
$5.5M
6 recorded transactions
Zoning & alternative use
COMMERCIAL · Solana Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 1
Top alternative use upside
Restaurant
$7.7M
+38.2%
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 Solana Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Solana Beach 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%
$3,690,000
6.5%
$3,405,000
7%
$3,160,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,565,000
Current use
RESTAURANT
$7,690,000
Change: +38% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,475,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$4.62M
Range $4.15M – $5.08M · ±10% · vs last sale $5.50M (May 1 2025)
Last sale anchor
$5.50M
May 1 2025
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
$394 / 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
$46,521
Tax year 2024
Assessed value
$3,894,755
Assessed 2024
Previous assessed
$3,894,755
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,913,212
Assessed improvement
$1,981,543
Applied tax rate
18.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1972
Heating
NONE
Units
1
Total area
11,726 SF
Lot
1 ac (43,560 SF)
Zoning code
COMMERCIAL
APN
298-530-19-00
UPID
US09-9107352
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Solana Beach, CAZoning COMMERCIAL · permitted uses
COMMERCIAL · Solana Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 1
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.6M
RESTAURANT
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1972
Heating
NONE
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
Santa Fe Christian Schools
Individual
Mailing address
2727 CAMINO DEL RIO S STE #110, SAN DIEGO, CA 92108-3739
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2025
$5,500,000
Santa Fe Christian Schools
The Max Firstenberg Weinstock Famil
Grant Deed
—
Dec 15, 2004
—
Max Firstenberg Weinstock Fam
Lomas Investments LLC
Grant Deed
related
—
Dec 2, 2003
—
Lonias Investments LLC
Propco LP
Grant Deed
related
—
Dec 30, 1999
$915,000
Propco LP
Mcandrew Trust
Grant Deed
$750,000 · Scripps Bank
—
—
Propco LP
—
Deed Of Trust
related
$730,000 · First Pacific Bank California
—
—
Lomas Investments LLC
—
Deed Of Trust
related
$500,000 · First Pacific Bank California
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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