Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,150,000
Warehouses
9015 Olive Dr Spring Valley, CA 91977-2302
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6774583
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
3,632 SF
Lot
0.18 ac (7,874 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
504-012-25-00
UPID
US09-6774583
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
-
Lemon Star Arts Artist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$1.40M
Blend (final)
Blend
$1.15M
Owner & transaction history
Coss Construction INC · 2 yrs held
Coss Construction INC
since 2024
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Spring Valley, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+42.5%
Auto repair, garage
$1.4M
+14.7%
Office building
$1.3M
+8.3%
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
$1,150,000
ML approach
$1,150,000
CAP Approach
CAP Return
Estimation
6%
$840,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,210,000
Current use
MEDICAL BUILDING
$1,725,000
Change: +43% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,385,000
Change: +15% · Conversion: Easy
OFFICE BUILDING
$1,310,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$1.15M
Range $1.04M – $1.27M · ±10% · vs last sale $1.15M (May 28 2024)
Last sale anchor
$1.15M
May 28 2024
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
$317 / 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
$8,293
Tax year 2024
Assessed value
$650,000
Assessed 2024
Previous assessed
$650,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$500,000
Assessed improvement
$150,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Heating
NONE
Units
1
Total area
3,632 SF
Lot
0.18 ac (7,874 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
504-012-25-00
UPID
US09-6774583
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Spring Valley, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · 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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1960
Heating
NONE
Units
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Coss Construction INC
Entity
Mailing address
2650 BUENA VIS AVE, LEMON GROVE, CA 91945-3204
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
$1,150,000
Coss Construction INC
Rodi Mikha
Grant Deed
$588,000 · First Citizens Bank & Trust Co
May 28, 2024
—
Coss Construction INC
—
Deed
related
$485,000 · California Statewide Certified Developme
Sep 25, 2023
$650,000
Rodi Mikha
Bernard E Lanz
Grant Deed
$422,500 · Southwest Buildrs Equity LLC
Sep 25, 2023
—
Rodi Mikha
Susanne Alsadik
Intrafamily Transfer
related
—
Nov 10, 2021
$730,000
Bernard E Lanz
Habeeb Hana Evel
Grant Deed
—
Dec 28, 2020
$600,000
H Hana Evel
Jack E Doherty
Grant Deed
$260,000 · Christine J Ryan
Dec 28, 2020
—
H Hana Evel
Sarah Butrisayoup
Quit Claim Deed
related
—
Nov 2, 2015
$390,000
Jack E Doherty
Davidson,kenneth W JR
Grant Deed
—
Oct 3, 2012
—
Kenneth W Davidson JR.
Davidson,kenneth W JR & Jowena
Quit Claim Deed
related
—
Jul 7, 1994
$185,000
Kenneth W Davidson
Kromschroeder,jo
Grant Deed
$161,500 · North County Bank
—
—
Kenneth W Davidson
—
Deed Of Trust
related
$170,000 · North County Bank
—
—
Kenneth W Davidson JR.
—
Deed Of Trust
related
$300,000 · Discovery 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 9015 Olive Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
