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Property profile & analytics
FOR LEASE
Retail space
8384 Hercules St La Mesa, CA 91942
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9643624
For Lease
1 / 2
$19,750/Mo
8384 Hercules St, La Mesa, CA 91942
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Total area
4,000 SF
Lot
0.3 ac (12,943 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
490-622-34-00
UPID
US09-9643624
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
$3.36M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$3.35M
Owner & transaction history
C3 I 4 LLC · 2 yrs held
C3 I 4 LLC
since 2023
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · La Mesa, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.6M
+116.3%
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
$3,430,000
ML approach
$3,360,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,605,000
Change: +116% · Conversion: Moderate
Blend value · Realmo final
$3.35M
Range $3.02M – $3.69M · ±10% · vs last sale $3.30M (Oct 4 2023)
Last sale anchor
$3.30M
Oct 4 2023
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
$838 / 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
$21,558
Tax year 2024
Assessed value
$1,760,000
Assessed 2024
Previous assessed
$1,760,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,160,000
Assessed improvement
$600,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1967
Heating
NONE
Units
1
Total area
4,000 SF
Lot
0.3 ac (12,943 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
490-622-34-00
UPID
US09-9643624
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
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
Year built
1967
Heating
NONE
Units
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
C3 I 4 LLC
Entity
Mailing address
9831 CHANNEL RD, LAKESIDE, CA 92040-3173
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2023
$3,300,000
C3 I 4 LLC
Mell 45 LLC
Grant Deed
—
Jun 30, 2022
—
First Republic Bank
Mell 45 LLC
Assignment Of Lease (leasehold Sale)
$1,345,000 · First Republic Bank
Sep 1, 2015
$10,212,500
Mell 45 LLC
Montezuma Land Co LLC
Grant Deed
$3,912,100 · First Republic Bank
Aug 24, 2015
—
Montezuma Land Co LLC
Nute,jeannette E
Quit Claim Deed
related
—
Sep 30, 2004
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 2, 2003
—
Montezuma Land Co LLC
Polak,tr
Quit Claim Deed
related
—
Nov 21, 1988
—
William Evenson
Union Bank
Quit Claim Deed
related
—
Sep 27, 1988
—
Catherin Evenson
Cal First Bank
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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