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Property profile & analytics
OFF-MARKET
Estimated value
$5,040,000
Manufacturing properties
8520 Railroad Ave Santee, CA 92071-4417
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7111073
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Total area
16,500 SF
Lot
0.43 ac (18,597 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
384-240-06-00
UPID
US09-7111073
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
Current use
Occupant on record · Public records
-
Qualitymotors Auto Repair Shop
-
BMWorks SD Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.83M
Blend (final)
Blend
$5.04M
Owner & transaction history
Simi Railroad LLC · 5 yrs held
Simi Railroad LLC
since 2021
Last sale
$5.0M
5 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Santee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.8M
+95.0%
Auto repair, garage
$6.3M
+56.9%
Office building
$5.9M
+48.0%
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 Santee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santee 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
$5,105,000
ML approach
$5,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,015,000
Current use
MEDICAL BUILDING
$7,830,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,300,000
Change: +57% · Conversion: Easy
OFFICE BUILDING
$5,940,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$5.04M
Range $4.54M – $5.54M · ±10% · vs last sale $5.00M (Mar 4 2021)
Last sale anchor
$5.00M
Mar 4 2021
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
$305 / 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
$30,988
Tax year 2024
Assessed value
$2,576,612
Assessed 2024
Previous assessed
$2,576,612
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$878,680
Assessed improvement
$1,697,932
Applied tax rate
16.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2000
Heating
NONE
Units
1
Total area
16,500 SF
Lot
0.43 ac (18,597 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
384-240-06-00
UPID
US09-7111073
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Santee, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Santee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$6.3M
OFFICE BUILDING
Est. value
$5.9M
INDUSTRIAL (GENERAL) Current
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
Year built
2000
Heating
NONE
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Simi Railroad LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1555 TAHITI AVE, LAGUNA BEACH, CA 92651-1946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2021
—
Simi Railroad LLC
—
Deed
related
—
Mar 4, 2021
—
Simi Railroad LLC
Simi Investment Properties Ltd
Intrafamily Transfer
related
—
Jan 28, 2021
$5,000,000
Simi Investment Properties Ltd
Advantaged Asset Acquisitions
Grant Deed
—
Oct 30, 2017
—
Advantaged Asset Acquisitions
—
Loan Modification
related
$1,863,000 · Western Alliance Bk
Dec 15, 2015
$1,750,000
Advantaged Asset Acquisitions I LLC
Bock Company
Grant Deed
$2,000,000 · Western Alliance 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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