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    9032 Olive Dr Spring Valley, CA 91977-2301
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    Property profile & analytics

    9032 Olive Dr, Spring Valley, CA 91977-2301

    View on Map
    • Retail space
    • 1,504 SF
    • 0.30 lot acres
    Off-Market
    Last Sale Jan 8, 2021
    $171,500
    Property ID
    US09-7193498
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Atlas Environmental Services / Environmental Consultant
    • Atlas Tree Service / Landscaping / General Contractor

    Property Details for 9032 Olive Dr

    Year built
    1927
    Lot size
    0.30 lot acres
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Retail space
    APN
    504-011-20-00
    APU
    5040112000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 8, 2021 — Jn Investment Properties LLC Jeffrey C Bruhn Quit Claim Deed —
    Jan 8, 2021 $1,500,000 Jn Invs Lakeside Ents LLC Jn Investment Properties LLC Grant Deed · related $1.5M · Cascio Family Trust (pt)
    Sep 29, 1993 $171,500 Nick M Cascio Rich,james L & L Grant Deed $154k · Valle De Oro Bank
    — — Nick M Cascio — Deed Of Trust · related $500k · Nicholas & Anna R Cascio
    — — James L Rich — Deed Of Trust · related $20k · Valle De Oro Bank
    — — James L Rich — Deed Of Trust · related $40k · Valle De Oro Bank
    — — James L Rich — Deed Of Trust · related $50k · Valle De Oro Bank
    — — Nick M Cascio — Deed Of Trust · related $690k · Valle De Oro Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spring Valley
    County
    San Diego
    State
    California
    Longitude
    -117.004
    Latitude
    32.7423
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,378
    $318,362
    $79,590
    $397,952
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      9845 Campo Rd

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
      $1,075,000
      5,905 SF

      9461 Jamacha Blvd

      RETAIL STORES (PERSONAL SERVICES)
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    • Value Estimation
      $575,000
      2,560 SF

      9631 Campo Rd

      RETAIL STORES (PERSONAL SERVICES)
      9631 Campo Rd, Spring Valley, CA 91977-1225
      View Details
    • Value Estimation
      $780,000
      4,610 SF

      9027 Campo Rd, Unit 35

      RETAIL STORES (PERSONAL SERVICES)
      9027 Campo Rd, Spring Valley, CA 91977-1112
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    • Value Estimation by Request
      0.68 Acres

      4032 Helix St

      RETAIL STORES (PERSONAL SERVICES)
      4032 Helix St, Spring Valley, CA 91977-2167
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    • Value Estimation by Request
      2,160 SF

      9365 Jamacha Blvd

      RETAIL STORES (PERSONAL SERVICES)
      9365 Jamacha Blvd, Spring Valley, CA 91977-5043
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    Similar Nearby for Sale

    • Contact for pricing

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      4,800 SF

      Corner Lot Business Space

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      Jamacha Road Commercial Space Available

      Commercial space with office, workspace, and yard area for lease.
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      36,960 SF

      Renovated Apartment Community in Spring Valley

      48-unit apartment community in La Presa neighborhood, renovated in 2025.
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    Similar Nearby for Lease

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      710 SF

      Retail Space on Campo Road

      Retail space available on a signalized intersection with high exposure.
      9901 Campo Rd, Spring Valley, CA 91977
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      1,739 SF

      Retail Space on Campo Road

      Retail space available in Spring Valley with high visibility.
      9710-9776 Campo Rd, Spring Valley, CA 91977
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      17,450 SF

      Retail Space in Spring Valley

      Retail space available in a high-traffic Spring Valley center.
      617-657 Sweetwater Rd, Spring Valley, CA 91977
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    • Contact for pricing
      895 SF

      Retail Space Available in Spring Valley

      895 SF retail space available, formerly a barber shop.
      8300 Paradise Valley Rd, Spring Valley, CA 91977
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      3,362 SF

      Retail Space in Spring Valley

      Retail space available in a highly visible, high-traffic shopping center.
      8810 Jamacha Blvd, Spring Valley, CA 91977
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    • $2,000 /Mo

      Auto Shop with Roll-Up Doors

      Industrial auto-repair space with high ceilings, roll-up access, and included parking for two vehicles.
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    Spring Valley, CA 91977-2301
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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