New search
Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Car washes
8038 Broadway Lemon Grove, CA 91945-2532
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9600615
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2006
Total area
5,883 SF
Lot
0.64 ac (27,878 SF)
Zoning code
COMMERCIAL
APN
480-131-12-00
UPID
US09-9600615
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
-
Lemon Grove Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$830k
Owner & transaction history
Alt Property Investments LLC · 11 yrs held
Alt Property Investments LLC
since 2014
6 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$141 / 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
$40,098
Tax year 2024
Assessed value
$2,415,475
Assessed 2024
Previous assessed
$2,415,475
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$1,060,452
Assessed improvement
$1,355,023
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2006
Heating
NONE
Units
1
Total area
5,883 SF
Lot
0.64 ac (27,878 SF)
Zoning code
COMMERCIAL
APN
480-131-12-00
UPID
US09-9600615
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.
Building & site characteristics
From public records
Year built
2006
Heating
NONE
Units
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Alt Property Investments LLC
Entity
Mailing address
3520 TURNBERRY DR, JAMUL, CA 91935-1651
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jan 20, 2017
—
Alt Property Investments LLC
—
Deed
related
$1,010,000 · Bank Of America
Aug 22, 2014
$2,050,000
Alt Property Investments LLC
Tibbett,charles
Grant Deed
$1,332,500 · Home Bk/ca
Oct 1, 2002
$235,000
Charles Tibbett
Sussex Holdings Ltd
Grant Deed
—
Apr 23, 1993
—
Sussex Holdings Ltd
Folco Dev Corp
Quit Claim Deed
related
—
Jul 14, 1992
$100,000
William P Foley II
—
Grant Deed
related
—
—
—
Alt Property Investments LLC
—
Deed Of Trust
related
$1,010,000 · Bank Of America
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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