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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Apartment buildings
8970 Switzer Dr Spring Valley, CA 91977-2200
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9585226
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1989
Total area
5,255 SF
Lot
0.27 ac (11,725 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
503-100-03-00
UPID
US09-9585226
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
$1.42M
CAP Approach
CAP
$1.35M
Comparable Approach
Comparable
$1.57M
Blend (final)
Blend
$1.44M
Owner & transaction history
Ricardo Duron · 4 yrs held
Ricardo Duron
since 2022
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
R-2:MINOR MULTIPLE · Spring Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.0M
+67.8%
Office building
$1.9M
+58.5%
Warehouse, storage
$1.8M
+46.3%
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 Spring Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Valley 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
$1,405,000
ML approach
$1,420,000
CAP Approach
CAP Return
Estimation
6%
$1,455,000
6.5%
$1,345,000
7%
$1,245,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,195,000
Current use
AUTO REPAIR, GARAGE
$2,005,000
Change: +68% · Conversion: Difficult
OFFICE BUILDING
$1,895,000
Change: +58% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,750,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.76M (Feb 15 2022)
Last sale anchor
$1.76M
Feb 15 2022
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
$273 / 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
$24,944
Tax year 2024
Assessed value
$1,825,902
Assessed 2024
Previous assessed
$1,825,902
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$785,502
Applied tax rate
83.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1989
Heating
NONE
Units
7
Bathrooms
11
Total area
5,255 SF
Lot
0.27 ac (11,725 SF)
Zoning code
R-2:MINOR MULTIPLE
APN
503-100-03-00
UPID
US09-9585226
Jurisdiction
SAN DIEGO
Zoning & alternative use
R-2:MINOR MULTIPLE · Spring Valley, CA
Zoning R-2:MINOR MULTIPLE · permitted uses
R-2:MINOR MULTIPLE · Spring Valley, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Valley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.9M
WAREHOUSE, STORAGE
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1989
Heating
NONE
Units
7
Bathrooms
11
Lot
0.27 ac
Current owner
From public records · entity-resolved
Ricardo Duron
Individual
Mailing address
931 BUENA VIS WAY, CHULA VISTA, CA 91910-7101
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2022
$1,755,000
Ricardo Duron
Patricia D Walter
Grant Deed
$750,000 · My Point Cu Sd
Jun 12, 1989
$160,000
Ella M Supplee
4429 Marlborough
Grant Deed
—
Jun 9, 1989
$160,000
4429 Marlborough
Professional Dat
Trustees Deed
—
Jun 9, 1989
—
Professional Dat
Ray L Huffman Co
Trustees Deed
related
—
Mar 18, 1988
$92,500
Ray L Huffman Co
Hurtt
Trustees Deed
—
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$10,000 · Bettes Co,the
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$92,500 · Bailey Ovis G
—
—
Construction INC
—
Deed Of Trust
related
$350,000 · Western Financial Savings Bank
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$20,000 · Mcmullen S W
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$300,000 · Western Financial Savings Bank
—
—
Ray L Huffman
—
Deed Of Trust
related
$16,000 · Kolkey Norman
—
—
Ray L Huffman
—
Deed Of Trust
related
$10,000 · Christensen Patr
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$20,000 · Hudlow William L
—
—
Ray L Huffman Co
—
Deed Of Trust
related
$30,000 · Hudlow William L
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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