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Property profile & analytics
FOR LEASE
Retail space
7631 Girard Ave La Jolla, CA 92037
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7033380
For Lease
1 / 2
$690,000
7631 Girard Ave, La Jolla, CA 92037
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1953
Total area
2,850 SF
Lot
0.08 ac (3,496 SF)
Zoning code
COMMERCIAL
APN
350-481-05-00
UPID
US09-7033380
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
$645k
CAP Approach
CAP
$690k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$690k
Owner & transaction history
Carolyn Grobe Litchmann · 1 yrs held
Carolyn Grobe Litchmann
since 2025
Last sale
$707,000
4 recorded transactions
Zoning & alternative use
COMMERCIAL · 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
$575,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$745,000
6.5%
$690,000
7%
$640,000
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $707k (Apr 25 2025)
Last sale anchor
$707k
Apr 25 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
$242 / 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
$14,847
Tax year 2024
Assessed value
$1,173,109
Assessed 2024
Previous assessed
$1,173,109
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$851,363
Assessed improvement
$321,746
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1953
Heating
NONE
Total area
2,850 SF
Lot
0.08 ac (3,496 SF)
Zoning code
COMMERCIAL
APN
350-481-05-00
UPID
US09-7033380
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.
Building & site characteristics
From public records
Year built
1953
Heating
NONE
Lot
0.08 ac
Current owner
From public records · entity-resolved
Carolyn Grobe Litchmann
Individual
Free & Clear · 1 yrs held
Mailing address
1531 PONTIUS AVE STE #100, LOS ANGELES, CA 90025-3324
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
—
Carolyn Grobe Litchmann
Carolyn Grobe Litchmann
Deed
related
—
Sep 2, 1999
—
Marshall M Litchmann
Litchmann,carolyn Grobe
Quit Claim Deed
related
—
Sep 2, 1999
$707,000
Litchmann,marshall M
Gillespie School
Trustees Deed
—
Sep 2, 1999
$706,830
Litchmann,marshall M Etal
Litchmann,marshall M
Trustees 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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