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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Medical Office Space
8875 Aero Dr San Diego, CA 92123-2251
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-8827642
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2021
Total area
9,999 SF
Lot
5.67 ac (246,985 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
421-300-10-00
UPID
US09-8827642
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
-
Kearny Mesa VA Clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$2.71M
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.14M
Owner & transaction history
Protea Aero Drive LLC · 6 yrs held
Protea Aero Drive LLC
since 2019
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, 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 San Diego submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Diego 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
by Request
ML approach
$1,320,000
CAP Approach
CAP Return
Estimation
6%
$2,935,000
6.5%
$2,705,000
7%
$2,515,000
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10%
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
$214 / 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
$772,403
Tax year 2024
Assessed value
$62,854,657
Assessed 2024
Previous assessed
$62,854,657
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$7,829,218
Assessed improvement
$55,025,439
Applied tax rate
8.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2021
Heating
NONE
Units
1
Total area
9,999 SF
Lot
5.67 ac (246,985 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
421-300-10-00
UPID
US09-8827642
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Diego. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2021
Heating
NONE
Units
1
Lot
5.67 ac
Current owner
From public records · entity-resolved
Protea Aero Drive LLC
Entity
Free & Clear · 6 yrs held
Mailing address
3262 HOLIDAY CT STE #100, LA JOLLA, CA 92037-1811
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2021
—
Protea Aero Drive LLC
—
Deed
related
$106,959 · Kearny Mesa California Va Lease Backed P
Dec 12, 2019
—
Protea Aero Drive LLC
Protea Aero Drive LLC
Quit Claim Deed
related
—
Nov 1, 2019
—
Protea Aero Drive LLC
—
Grant Deed
related
$106,959,134 · Wells Fargo Tr Co NA
Aug 25, 2017
$13,750,000
Protea Aero Drive LLC
8875 Aero Drive Holdings LLC
Trustees Deed
$15,130,000 · A10 Cap
Mar 29, 2016
$7,000,000
8875 Aero Drive Holdings LLC
Old Republic Natl Title Ins C|aerovault Venture LP
Trustees Deed
related
—
Mar 22, 2016
$7,000,000
8875 Aero Drive Holdings LLC
Old Republic Natl Title|aerovault Venture LP
Trustees Deed
related
—
Dec 1, 2006
$28,085,000
Aerovault Venture
Lba Realty Fund-holding Co I
Grant Deed
$4,800,000 · Pnc Bank
Nov 20, 2003
—
Lba Realty Fund-holdings Co I
Bank Of America
Grant Deed
related
—
—
—
Lba Realty Fund-holding Co LLC
—
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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