Financial
Distress signals
Property profile

7696 Formula Pl San Diego, CA 92121

OFF-MARKET
Manufacturing properties
Property ID
US09-8844023
15,805 SF 0.79 ac lot Built 1980
Last sale Sep 2004 · $2,137,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 15,825-square-foot industrial property, located at 7696 Formula Place in San Diego's Miramar submarket (zip code 92121), presents a compelling opportunity. The single-story building offers a flexible layout ideal for a variety of uses, combining warehouse and flex space. The warehouse area comprises approximately 85% of the total square footage, featuring a grade-level loading door and efficient floor drains. The remaining 15% is dedicated to office space. The high

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$36k
Tax billed · 2024
Assessed value$2.92M
Assessed land$943k
Assessed improvement$1.98M
Effective rate1.23%

Value estimate

· Sep 2026
$2.18M
$1.96M – $2.40M
AI approach$2.23M
CAP approach$2.88M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$426/SF
ZIP average, outlier-cleaned · 128 recorded sales of this use type
Observed band · Q1–Q3$242 – $765
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
INDUSTRIAL (M ZONE)
JurisdictionSAN DIEGO

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.6
Daycare Center9.1
Laundry Service9.1

Location

7696 Formula Pl San Diego, CA 92121-2418
County assessor Recorded deeds · 8 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
11055 Roselle, San Diego, CA 92121-1217 $6,500,000 Dec 2025 14,006 SF
6130 Nancy Rdg, San Diego, CA 92121-3223 $7,425,500 Feb 2025 13,941 SF
11035 Roselle, San Diego, CA 92121-1204 $9,500,000 Dec 2023 18,045 SF
11025 Roselle, San Diego, CA 92121-1208 $9,500,000 Dec 2023 18,532 SF
11065 Roselle, San Diego, CA 92121-1204 $14,900,000 Dec 2023 17,433 SF
9180 Brown Deer, San Diego, CA 92121-2238 $5,850,000 Nov 2023 11,912 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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