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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Warehouses
8140 Commercial St La Mesa, CA 91942-2961
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9151305
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
4,868 SF
Lot
0.3 ac (13,070 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
470-061-05-00
UPID
US09-9151305
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
$1.71M
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$2.16M
Blend (final)
Blend
$1.68M
Owner & transaction history
Randal J Baillargeon · 4 yrs held
Randal J Baillargeon
since 2022
Last sale
$1.7M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · La Mesa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.0M
+47.0%
Medical building
$2.0M
+45.2%
Auto repair, garage
$1.9M
+34.7%
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 La Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Mesa 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
$1,685,000
ML approach
$1,705,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,380,000
Current use
RETAIL STORES
$2,030,000
Change: +47% · Conversion: Moderate
MEDICAL BUILDING
$2,005,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,860,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$1,755,000
Change: +27% · Conversion: Difficult
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.65M (Jan 13 2022)
Last sale anchor
$1.65M
Jan 13 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
$344 / 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
$20,811
Tax year 2024
Assessed value
$1,716,660
Assessed 2024
Previous assessed
$1,716,660
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$936,360
Assessed improvement
$780,300
Applied tax rate
5.0000
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
4,868 SF
Lot
0.3 ac (13,070 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
470-061-05-00
UPID
US09-9151305
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · La Mesa, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · La Mesa, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Mesa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
0.3 ac
Current owner
From public records · entity-resolved
Randal J Baillargeon
Individual
Mailing address
PO BOX 23617, SAN DIEGO, CA 92193-3617
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
$1,650,000
Randal J Baillargeon
Richard R Collins
Grant Deed
—
Aug 1, 2011
$1,200,000
Collins Family Trust
Fitzgerald D R & P F Trust
Grant Deed
$715,000 · Union Bank
Dec 10, 2002
—
Daniel R Etal Fitzgerald
Fitzgerald,daniel R & Atricia F
Quit Claim Deed
related
—
Dec 10, 1997
$220,000
Daniel R Fitzgerald
Larussa Trust
Grant Deed
$165,000 · Seller
—
—
Daniel R Fitzgerald
—
Deed Of Trust
related
$180,000 · Bank Of America
—
—
Daniel R Fitzgerald
—
Deed Of Trust
related
$175,000 · Us Bank NA
—
—
Daniel R Fitzgerald
—
Deed Of Trust
related
$164,400 · San Diego Trust & Savings Bank
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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