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Property profile & analytics
OFF-MARKET
Estimated value
$12,315,000
Warehouses
8733 Magnolia Ave Santee, CA 92071-4560
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9044721
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Total area
54,560 SF
Lot
3.26 ac (142,005 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
384-141-16-00
UPID
US09-9044721
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
-
F X Electric Electrical Service General Contractor
-
All Temp Refrigeration Air Conditioning And Heating HVAC Service General Contractor
-
San Diego Performance Academy Vocational School Training Center
-
TRUE PRO INSURANCE SERVICES Insurance Agency
-
Schu-Fu International Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.00M
CAP Approach
CAP
$11.66M
Comparable Approach
Comparable
$11.07M
Blend (final)
Blend
$12.32M
Owner & transaction history
Magnolia Industrial Center LP · 4 yrs held
Magnolia Industrial Center LP
since 2021
Last sale
$12.8M
6 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Santee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.7M
+40.6%
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
$15,640,000
ML approach
$10,000,000
CAP Approach
CAP Return
Estimation
6%
$12,635,000
6.5%
$11,660,000
7%
$10,830,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,975,000
Current use
OFFICE BUILDING
$19,650,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$12.32M
Range $11.08M – $13.55M · ±10% · vs last sale $12.75M (Oct 13 2021)
Last sale anchor
$12.75M
Oct 13 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
$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
$157,442
Tax year 2024
Assessed value
$13,265,100
Assessed 2024
Previous assessed
$13,265,100
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$6,762,600
Assessed improvement
$6,502,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Heating
NONE
Units
1
Total area
54,560 SF
Lot
3.26 ac (142,005 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
384-141-16-00
UPID
US09-9044721
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
WAREHOUSE, STORAGE Current
Est. value
$14.0M
OFFICE BUILDING
Est. value
$19.7M
WAREHOUSE, STORAGE Current
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
1973
Heating
NONE
Units
1
Lot
3.26 ac
Current owner
From public records · entity-resolved
Magnolia Industrial Center LP
Entity
Mailing address
1679 E MAIN ST STE #202, EL CAJON, CA 92021-5253
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$12,750,000
Magnolia Industrial Center LP
Magnolia 54 LLC
Grant Deed
$7,000,000 · Altura Cu
Sep 16, 2020
—
Magnolla 54 LLC
—
Deed
related
$4,917,000 · California Cu
Dec 5, 2018
—
Long,cecil A Family Trust
Long,cecil A
Affidavit Of Death
related
—
Nov 5, 2018
$5,426,000
Magnolia 54 LLC
Merten-smith LLC
Grant Deed
$3,575,000 · California Cu
Nov 5, 2018
—
Merten-smith LLC
Merten Elaine J Trust
Quit Claim Deed
—
Apr 6, 2009
—
Stephan A Merten
Merten,elaine J
Affidavit Of Death
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.
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