Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    806 3rd St, Unit 16 Encinitas, CA 92024-4415

    • Apartment buildings
    • 11,090 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $1,525,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-0018279
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 806 3rd St

    Year built
    1973
    Lot size
    0.34 lot acres
    Property size
    11,090 SF
    Zone code
    R-4:MULTIPLE RESIDENTIAL
    Property type
    Apartment buildings
    APN
    258-171-16-00
    APU
    2581711600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Encinitas
    County
    San Diego
    State
    California
    Longitude
    -117.295
    Latitude
    33.0415
    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
    $19,575
    $548,426
    $964,835
    $1,513,261
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $690,000
      4,040 SF

      141 Glaucus St

      APARTMENT HOUSE (5+ UNITS) • 4,040 SF
      141 Glaucus St, Encinitas, CA 92024-1603
      View Details
    • Value Estimation
      $2,755,000
      17,932 SF

      121 Rosebay Dr, Unit 53

      APARTMENT HOUSE (5+ UNITS) • 17,932 SF
      121 Rosebay Dr, Encinitas, CA 92024-3323
      View Details
    • Value Estimation
      $8,215,000
      62,530 SF

      120 Via Cantebria

      APARTMENT HOUSE (5+ UNITS) • 62,530 SF
      120 Via Cantebria, Encinitas, CA 92024-5807
      View Details
    • Value Estimation
      $17,080,000
      62,357 SF

      1319 Via Terrassa, Unit 31

      APARTMENT HOUSE (5+ UNITS) • 62,357 SF
      1319 Via Terrassa, Encinitas, CA 92024-5331
      View Details
    • Value Estimation
      $1,410,000
      10,336 SF

      1005 Vulcan Ave

      APARTMENT HOUSE (5+ UNITS) • 10,336 SF
      1005 Vulcan Ave, Encinitas, CA 92024-1788
      View Details
    • Value Estimation
      $3,750,000
      22,512 SF

      639 Vulcan Ave, Unit 43

      APARTMENT HOUSE (5+ UNITS) • 22,512 SF
      639 Vulcan Ave, Encinitas, CA 92024-2114
      View Details

    Similar Nearby for Sale

    • $3,650,000
      1,772 SF

      Encinitas Duplex: Modern Coastal Charm

      Elegantly reimagined duplex in downtown Encinitas, near shops and the beach.
      937 3Rd St, Encinitas, CA 92024
      View Details
    • $1,775,000

      Duplex with Ocean Views

      Classic duplex on a quiet street with ocean views.
      943 Bracero Rd, Encinitas, CA 92024
      View Details
    • $2,350,000

      Encinitas Duplex with Ocean View

      Two townhomes side-by-side with investment and development potential near the beach.
      658 Santa Fe Dr, Encinitas, CA 92024
      View Details
    • $170,000

      Riviera Mobile Home Park Unit

      Spacious one-bedroom unit in Leucadia's Riviera Mobile Home Park.
      699 N Vulcan Ave, Encinitas, CA 92024
      View Details
    • $1,129,000
      1,396 SF

      Secluded Encinitas Home with Upgrades

      Remodeled Encinitas home with resort-style amenities, close to everything.
      598 Summer View Cir, Encinitas, CA 92024
      View Details
    • $1,225,000

      Encinitas Single-Story Home in Cul-de-Sac

      Upgraded single-story home in a quiet cul-de-sac, near beaches.
      265 Fraxinella St, Encinitas, CA 92024
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Encinitas Office Building - Leased

      Office building in Encinitas, CA, currently 100% leased.
      740 Garden View Ct, Encinitas, CA 92024
      View Details
    • $3 SF/Yr
      4,679 SF

      Versatile Space in Encinitas

      Adaptable space suitable for retail, office, or medical use.
      101 Leucadia Blvd, Encinitas, CA 92024
      View Details
    • $3 SF/Yr
      1,700 SF

      Encinitas Office Space For Rent

      High-end office space with exterior patio access and extensive glass.
      760 Garden View Ct, Encinitas, CA 92024
      View Details
    • Contact for pricing
      199,519 SF

      Encinitas Village Shopping Center

      Prime Encinitas Retail Space Available
      204 El Camino Real, Encinitas, CA 92024
      View Details
    • $36 SF/Yr
      633 SF

      Encinitas Executive Office Suite

      Prime Medical/Office Space Available
      617 Saxony Pl, Encinitas, CA 92024
      View Details
    • $2.00 SF/Yr
      1,600 SF

      Encinitas Office Space For Lease

      Office space featuring private offices, balcony, and open bullpen.
      374 Encinitas Blvd, Encinitas, CA 92024
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    806 3rd St, Unit 16
    Encinitas, CA 92024-4415
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.