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Property profile & analytics
OFF-MARKET
Estimated value
$1,945,000
Manufacturing properties
900 Civic Ctr Dr, National City, CA 91950-1013
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7263439
Property summary
AI-generated overview
This exceptional warehouse property, located at 900 Civic Center Drive in National City, California, offers a significant opportunity for businesses seeking flexible and spacious industrial space. The property boasts a total of 14,467 square feet, currently entirely vacant and available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 480 square feet to a maximum contiguous space of 11,516 square feet, providing adaptability for various business needs. The property sits on a 0.47-acre lot and is zoned Im Medium Industrial, ensuring compliance with a range of industrial uses. The building is equipped with heavy power, including 480v, making it suitable for businesses requiring significant electrical capacity. The property's address is 900 Civic Center Dr., National City, CA 91950, within San Diego County (APN: 559-010-09-00
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1952
Total area
11,516 SF
Lot
0.44 ac (19,265 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
559-010-09-00
UPID
US09-7263439
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
-
Vantage Associates Inc. Corporate Office Factory
-
Etching Expressions Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
$2.03M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.95M
Owner & transaction history
Hmm Ventures LLC · 5 yrs held
Hmm Ventures LLC
since 2020
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, 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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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
$1,685,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
$2,195,000
6.5%
$2,025,000
7%
$1,880,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,140,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,935,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$2,850,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$1.95M
Range $1.75M – $2.14M · ±10% · vs last sale $1.92M (Sep 1 2020)
Last sale anchor
$1.92M
Sep 1 2020
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
$169 / 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
$21,252
Tax year 2024
Assessed value
$1,804,053
Assessed 2024
Previous assessed
$1,804,053
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$955,087
Assessed improvement
$848,966
Applied tax rate
6.0000
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
1952
Heating
NONE
Units
1
Total area
11,516 SF
Lot
0.44 ac (19,265 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
559-010-09-00
UPID
US09-7263439
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
RETAIL STORES
Est. value
$2.9M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1952
Heating
NONE
Units
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Hmm Ventures LLC
Entity
Mailing address
100 HBR DR UNIT #2105, SAN DIEGO, CA 92101-6799
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 1, 2020
$1,920,000
Hmm Ventures LLC
Vantage Associates INC
Grant Deed
$1,967,800 · Bank Of The West
Feb 19, 2004
—
Richard E Spaulding
Woltman,tr
Quit Claim Deed
related
—
Feb 19, 2004
$320,000
Vantage Assn
Spaulding,richard E
Grant Deed
$310,000 · Alpinieri Trust
Sep 10, 1997
—
Richard E Spaulding
Spaulding,gail M
Quit Claim Deed
related
—
—
—
Richard E Spaulding
—
Deed Of Trust
related
—
—
—
Richard E Spaulding
—
Deed Of Trust
related
$27,500 · Us Small Business Admn
—
—
Richard E Spaulding
—
Deed Of Trust
related
$67,800 · Us Small Business Admn
—
—
Richard Spaulding
—
Deed Of Trust
related
$413,000 · San Diego Trust & Savings 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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