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Property profile & analytics
OFF-MARKET
Estimated value
$5,750,000
Warehouses
856 Tavern Rd Alpine, CA 91901-3810
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9884439
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Total area
49,961 SF
Lot
1.25 ac (54,450 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
403-380-08-00
UPID
US09-9884439
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
-
U-Haul Neighborhood Dealer Car Rental Facility
-
StaxUp Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.75M
Owner & transaction history
First Republic Bank · 3 yrs held
First Republic Bank
since 2022
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Alpine, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Alpine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alpine 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$115 / 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
$51,300
Tax year 2024
Assessed value
$4,488,402
Assessed 2024
Previous assessed
$4,488,402
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$766,646
Assessed improvement
$3,721,756
Applied tax rate
51.0000
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
Year built
1986
Heating
NONE
Units
421
Total area
49,961 SF
Lot
1.25 ac (54,450 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
403-380-08-00
UPID
US09-9884439
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Alpine, CAZoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Alpine, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Units
421
Lot
1.25 ac
Current owner
From public records · entity-resolved
First Republic Bank
Entity
Mailing address
2055 3RD AVE STE #200, SAN DIEGO, CA 92101-2058
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2022
—
First Republic Bank
Staxup Storage Alpine Tavern LP
Assignment Of Lease (leasehold Sale)
$5,880,000 · First Republic Bank
Jun 12, 2015
—
Staxup Storage-alpine Tavern L
Danube Properties One LP
Quit Claim Deed
—
Sep 27, 2005
—
Danube Properties One
Danube Properties INC
Quit Claim Deed
—
Feb 25, 2004
$3,225,000
Danube Properties INC
Unicus Corp
Grant Deed
—
May 13, 1997
—
Quatre Corp
Harris,jean Leonard
Grant Deed
related
—
Sep 23, 1992
—
Jean L Harris
Swain,sharon
Quit Claim Deed
related
$210,000 · First Fidelity Thrift & Loan
—
—
Staxup Storage-alpine Tavern L
—
Loan Modification
related
$4,820,000 · Keybank USA
—
—
Staxup Storage-alpine Tavern L
—
Deed Of Trust
related
$5,450,000 · Keybank USA
—
—
Unicus Corp
—
Deed Of Trust
related
$75,000 · Edward C Malone
—
—
Unicus Corp
—
Deed Of Trust
related
$1,771,000 · La Jolla Bank
—
—
Harris Jean L
—
Deed Of Trust
related
$50,000 · Bank Of America
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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