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Property profile & analytics
FOR LEASE
Office buildings
9444 Balboa Ave San Diego, CA 92123
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8562589
For Lease
1 / 6
$5,355,000
9444 Balboa Ave, San Diego, CA 92123
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2005
Total area
9,999 SF
Lot
4.39 ac (191,228 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
369-181-38-00
UPID
US09-8562589
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
-
Ernest Pierce | Fairway Independent Mortgage Corporation Loan Officer Loan Service Bank
-
Audrey Ellen Lollis | Fairway Independent Mortgage Corporation Senior Loan Officer Loan Service Bank
-
Pamela Yancey | Fairway Independent Mortgage Corporation Loan Officer Loan Service Bank
-
Yolanda Eve Moats Shakoor | Fairway Independent Mortgage Corporation Loan Officer Loan Service Bank
-
Gina Williams | Fairway Independent Mortgage Corporation Branch Operations Manager Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.28M
Blend (final)
Blend
$5.36M
Owner & transaction history
Balboa Building Owner LLC · 7 yrs held
Balboa Building Owner LLC
since 2018
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Diego, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+138.2%
Medical building
$5.8M
+56.7%
Auto repair, garage
$3.9M
+3.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,715,000
Current use
RESTAURANT
$8,850,000
Change: +138% · Conversion: Moderate
MEDICAL BUILDING
$5,820,000
Change: +57% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,855,000
Change: +4% · Conversion: Difficult
RETAIL STORES
$3,550,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$5.36M
Range $4.82M – $5.89M · ±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
$536 / 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
$488,747
Tax year 2024
Assessed value
$39,781,375
Assessed 2024
Previous assessed
$39,781,375
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$14,217,398
Assessed improvement
$25,563,977
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
For Lease
Year built
2005
Heating
NONE
Units
1
Total area
9,999 SF
Lot
4.39 ac (191,228 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
369-181-38-00
UPID
US09-8562589
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.7M
RESTAURANT
Est. value
$8.9M
MEDICAL BUILDING
Est. value
$5.8M
AUTO REPAIR, GARAGE
Est. value
$3.9M
RETAIL STORES
Est. value
$3.6M
OFFICE BUILDING Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2005
Heating
NONE
Units
1
Lot
4.39 ac
Current owner
From public records · entity-resolved
Balboa Building Owner LLC
Entity
Mailing address
5625 RUFFIN RD STE #210, SAN DIEGO, CA 92123-6392
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
May 21, 2020
—
Balboa Building Owner LLC
—
Deed
related
$19,830,106 · Citizens Bank NA
Aug 2, 2018
$36,375,000
Balboa Building Owner LLC
Bre Ca Office Owner Lcc
Grant Deed
$15,500,000 · Bank Of America
Aug 2, 2018
$13,929,500
Lighthouse Ground Owner LP
Balboa Building Owner LLC
Grant Deed
—
May 7, 2018
—
Bre Ca Office Owner LLC
—
Deed
related
—
Jul 20, 2015
$28,270,500
Bre Ca Office Owner LLC
Arden Realty LP
Grant Deed
—
Dec 20, 2006
—
Arden Realty
Dl San Diego
Grant Deed
—
Jun 10, 2002
—
Dale San Diego LP
Property California Ob One
Grant Deed
related
—
Jan 17, 1989
$19,544,000
Pacific Burnham
Radnor Oliver Mc
Grant Deed
$14,000,000 · Security Pacific National Bank
—
—
Bre Ca Office Owner LLC
—
Deed Of Trust
related
—
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?”
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