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Property profile & analytics
OFF-MARKET
Estimated value
$6,270,000
Warehouses
808 Gable Way 98 El Cajon, CA 92020-1911
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8811471
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
27,800 SF
Lot
1.69 ac (73,616 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
482-170-53-00
UPID
US09-8811471
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
$6.30M
CAP Approach
CAP
$5.33M
Comparable Approach
Comparable
$3.76M
Blend (final)
Blend
$6.27M
Owner & transaction history
James A Renner JR · 4 yrs held
James A Renner JR
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · El Cajon, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$10.0M
+30.6%
Retail stores
$8.0M
+3.7%
Apartment house (5+ units)
$7.8M
+2.2%
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 El Cajon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Cajon 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
Method
Estimation
Statistic approach
$6,190,000
ML approach
$6,295,000
CAP Approach
CAP Return
Estimation
6%
$5,765,000
6.5%
$5,325,000
7%
$4,945,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,680,000
Current use
OFFICE BUILDING
$10,025,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$7,965,000
Change: +4% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$7,845,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$6.27M
Range $5.64M – $6.90M · ±10% · vs last sale $6.30M (Apr 20 2022)
Last sale anchor
$6.30M
Apr 20 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$226 / 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
$80,342
Tax year 2024
Assessed value
$6,554,520
Assessed 2024
Previous assessed
$6,554,520
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$3,433,320
Applied tax rate
3.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Units
1
Total area
27,800 SF
Lot
1.69 ac (73,616 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
482-170-53-00
UPID
US09-8811471
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · El Cajon, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · El Cajon, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Cajon. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$7.7M
OFFICE BUILDING
Est. value
$10.0M
RETAIL STORES
Est. value
$8.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
1.69 ac
Current owner
From public records · entity-resolved
James A Renner JR
Individual
Mailing address
416 ASTER ST, LAGUNA BEACH, CA 92651-1777
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$6,300,000
James A Renner JR
Timothy Tilley
Grant Deed
$3,600,000 · Citizens Business Bank
Apr 20, 2022
—
Three Wolves LLC
—
Deed
related
$3,600,000 · Citizens Business Bank
Aug 12, 2020
—
Tilley,timothy & Yvonne Trust
—
Deed
related
$1,695,000 · First Citizens Bk
Jul 31, 2020
$3,390,000
Timothy Tilley
Ara Chem INC
Grant Deed
$1,695,000 · First Citizens Bank & Trust Co
Jul 31, 2020
—
Tilley,timothy & Yvonne Trust
—
Deed
related
$1,356,000 · First Citizens Bk
—
—
Tilley,timothy & Yvonne Trust
—
Deed Of Trust
related
$1,695,000 · First Citizens Bk
—
—
Tilley,timothy & Yvonne Trust
—
Deed Of Trust
related
$1,396,000 · Business Fin Cap
—
—
Tilley,timothy & Yvonne Trust
—
Deed Of Trust
related
$1,356,000 · First Citizens Bk
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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