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    805-15 Freeman St Oceanside, CA 92054
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    Property profile & analytics

    805-15 Freeman St, Oceanside, CA 92054

    View on Map
    • Hotels
    • 20,506 SF
    • 0.65 lot acres
    Off-Market
    Last Sale Mar 30, 2022
    $6,000,000
    Property ID
    US09-7657876
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $6,290,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 805-15 Freeman St

    Year built
    1965
    Lot size
    0.65 lot acres
    Zone code
    COMMERCIAL
    Property type
    Hotels
    Property subtype
    Motels
    APN
    143-206-06-00
    APU
    1432060600

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 19, 2025 — Oceanside Hospitality Group — Deed · related $773k · Nikki Investments LLC
    Mar 30, 2022 $6,000,000 Oceanside Hospitality Group Neptune Hotels LLC Grant Deed $4.8M · Pinncacle Bank
    Apr 30, 2021 $3,850,000 Neptune Hotels LLC Kyu Kim Chang Grant Deed $2.7M · New Omni Bank NA
    Apr 24, 2017 — Kyu Kim Chang — Deed · related $860k · Us Metro Bank
    — — Chang K Kim — Deed Of Trust · related $586k · California Center Bank
    — — Chang K Kim — Deed Of Trust · related $950k · Us Metro Bank
    — — Chang K Kim — Deed Of Trust · related $450k · Us Metro Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,625,000
      ML approach
      $8,455,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $9,730,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    San Diego
    State
    California
    Longitude
    -117.384
    Latitude
    33.2017
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $65,308
    $2,288,880
    $3,485,340
    $5,774,220
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,745,000
      42,155 SF

      1103 Coast Hwy

      HOTEL/MOTEL
      1103 Coast Hwy, Oceanside, CA 92054-2138
      View Details
    • Value Estimation
      $4,840,000
      61,300 SF

      1401 Carmelo Dr

      HOTEL/MOTEL
      1401 Carmelo Dr, Oceanside, CA 92054-1012
      View Details
    • Value Estimation
      $725,000
      6,604 SF

      921 Coast Hwy

      HOTEL/MOTEL
      921 Coast Hwy, Oceanside, CA 92054-2135
      View Details
    • Value Estimation by Request
      0.15 Acres

      Freeman St

      HOTEL/MOTEL
      Freeman St, Oceanside, CA 92054
      View Details
    • Value Estimation
      $545,000
      0.31 Acres

      1820 Coast Hwy

      HOTEL/MOTEL
      1820 Coast Hwy, Oceanside, CA 92054-5322
      View Details
    • Value Estimation
      $670,000
      1,720 SF

      700 Missouri Ave, Unit 10

      HOTEL/MOTEL
      700 Missouri Ave, Oceanside, CA 92054-4033
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Two parcels with eight units near beach and harbor.
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    • $600,000
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      Ocean View Hilltop Lot

      Rare ocean view lot in coastal community, near permit-ready.
      Clementine St, Oceanside, CA 92054
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      Oceanside Land For Sale

      Land available in Oceanside, California.
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      View Details
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      Oceanside Homesite with Hillside Views

      Rare 0.38-acre homesite in Oceanside's Loma Alta neighborhood.
      230 Hoover St, Oceanside, CA 92054
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    • $4,200,000

      Retail Storefronts at Two Addresses

      For-sale retail storefront property featuring two adjacent addresses along S Coast Hwy.
      514-524 S Coast Hwy, Oceanside, CA 92054
      View Details
    • $2,095,000
      0.13 Acres

      1629 Coast Hwy, Oceanside, CA 92054

      Industrial properties
      1629 Coast Hwy, Oceanside, CA 92054
      View Details

    Similar Nearby for Lease

    • $1.90 SF/Yr

      Retail Space in Oceanside

      Unique retail space in a laid-back beach community.
      1012-1016 S Coast Hwy, Oceanside, CA 92054
      View Details
    • Contact for pricing

      Oceanside Office Spaces Available

      Office spaces for rent in Oceanside, ranging from 175-246 SqFt.
      705 Pier View Way, Oceanside, CA 92054
      View Details
    • Contact for pricing
      1,768 SF

      Oceanside Retail Space For Rent

      Retail space available in Oceanside neighborhood shopping center.
      2500-2598 Vista Way, Oceanside, CA 92054
      View Details
    • Contact for pricing
      2,240 SF

      Oceanside Office Space For Rent

      Office suites available near the beach and Oceanside Pier.
      705 Pier View Way, Oceanside, CA 92054
      View Details
    • Contact for pricing

      Oceanside Retail Shopping Center

      Fully leased shopping center in Oceanside, California.
      210-216 N Coast Hwy, Oceanside, CA 92054
      View Details
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    Oceanside, CA 92054
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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