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Property profile & analytics
OFF-MARKET
Retail space
805 Melrose St National City, CA 91950-1523
Individually Owned
2-yr Hold
Absentee Owner
Property ID
US09-7652237
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Total area
1,216 SF
Lot
0.09 ac (3,976 SF)
Zoning code
COMMERCIAL
APN
556-081-02-00
UPID
US09-7652237
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Manuel B Samaniego · 2 yrs held
Manuel B Samaniego
since 2023
Last sale
$124,500
7 recorded transactions
Zoning & alternative use
COMMERCIAL · National City, 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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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
—
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
$5,503
Tax year 2024
Assessed value
$422,901
Assessed 2024
Previous assessed
$422,901
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$237,050
Assessed improvement
$185,851
Applied tax rate
6.0000
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
Off-Market
Year built
1945
Heating
NONE
Units
2
Bathrooms
1
Total area
1,216 SF
Lot
0.09 ac (3,976 SF)
Zoning code
COMMERCIAL
APN
556-081-02-00
UPID
US09-7652237
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · National City, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Units
2
Bathrooms
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Manuel B Samaniego
Individual
Mailing address
5646 CERVANTES AVE, SAN DIEGO, CA 92114-6334
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2023
—
Manuel B Samaniego
Manuel B Samaniego
Intrafamily Transfer
related
—
Aug 4, 2022
—
Delfina Samaniego
Delfina Samaniego
Intrafamily Transfer
related
—
Jun 22, 2022
—
Delfina Samaniego
Manuel B Samaniego
Intrafamily Transfer
related
—
Apr 21, 2008
—
Samaniego Family Trust
Samaniego,manuel B & Delfina
Quit Claim Deed
related
—
May 5, 2000
$124,500
Manuel B Samaniego
Flores,carla C
Grant Deed
$64,000 · Seller
Dec 6, 1996
—
Carla Christina Lacarra
Fierro,fred Lacarra JR
Quit Claim Deed
related
—
Dec 2, 1996
—
Fred Lacarra Fierro JR.
Fierro,fred Lacarra JR
Quit Claim Deed
related
—
Jul 15, 1993
$33,000
Fred L Fierro
Lacarra,josefina
Grant Deed
—
—
—
Carla C Flores
—
Deed Of Trust
related
$35,000 · Green Tree Financial Corp
—
—
Fred L Fierro
—
Deed Of Trust
related
$25,100 · Beneficial California INC
—
—
Manuel B Samaniego
—
Deed Of Trust
related
$228,000 · Greenpoint Mortgage Funding
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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