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Property profile & analytics
FOR LEASE
Office buildings
9444 Waples St San Diego, CA 92121
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-8933500
For Lease
1 / 2
$30.60 SF/Yr
9444 Waples St, San Diego, CA 92121
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1987
Total area
91,209 SF
Lot
3.65 ac (158,994 SF)
Zoning code
COMMERCIAL
APN
341-362-18-00
UPID
US09-8933500
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
-
Newark Inone Electronics & Wireless Store
-
Alere Home Health Care Home Health Care Service
-
Alvarez Tax & Accounting Accounting Firm Tax Preparation
-
Summit, Inc. Financial Advisor
-
Cavalry Financial Agency Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$31.00M
CAP Approach
CAP
$28.90M
Comparable Approach
Comparable
$42.57M
Blend (final)
Blend
$31.00M
Owner & transaction history
Jefferson Waples LLC · 1 yrs held
Jefferson Waples LLC
since 2024
Last sale
$31.0M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · San Diego, 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 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
$31,000,000
ML approach
$31,000,000
CAP Approach
CAP Return
Estimation
6%
$31,305,000
6.5%
$28,895,000
7%
$26,830,000
Blend value · Realmo final
$31.00M
Range $27.90M – $34.10M · ±10% · vs last sale $31.00M (Dec 24 2024)
Last sale anchor
$31.00M
Dec 24 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
$340 / 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
$302,244
Tax year 2024
Assessed value
$24,407,784
Assessed 2024
Previous assessed
$24,407,784
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$6,897,852
Assessed improvement
$17,509,932
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
1987
Heating
NONE
Units
1
Total area
91,209 SF
Lot
3.65 ac (158,994 SF)
Zoning code
COMMERCIAL
APN
341-362-18-00
UPID
US09-8933500
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · San Diego, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Units
1
Lot
3.65 ac
Current owner
From public records · entity-resolved
Jefferson Waples LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2024
$31,000,000
Jefferson Waples LLC
Are Sd Region No 75 As Owner LLC
Deed
$23,250,000 · Liberty Bankers Life Insurance
Jun 7, 2021
$23,000,000
Are Sd Region No 75 As Owner LLC
Alta Sorrento Office Center LLC
Grant Deed
—
Oct 4, 2017
—
Alta Sorrento Office Center Ll
—
Grant Deed
related
$42,300,000 · Jp Morgan Chase Bk
Dec 3, 2014
—
Alta Sorrento Office Center Ll
—
Loan Modification
related
$65,725,000 · Ge Cap Bk
Aug 12, 2011
$13,604,500
Alta Sorrento Office Ctr LLC
Gre Mira Mesa LLC
Grant Deed
—
Jan 6, 2006
—
Gre Mira Mesa LLC
Asr Mira Mesa LLC
Grant Deed
—
May 12, 2004
—
Asr Mira Mesa LLC
Sierra Mira Mesa Partners
Grant Deed
$7,500,000 · Acp San Diego Fund LLC
Feb 18, 1993
$2,477,500
Sierra Mira Mesa Partners
Sierra-pacific
Grant Deed
related
—
—
—
Asr Mira Mesa LLC
—
Deed Of Trust
related
$3,500,000 · Alliance Bank
—
—
Gre Mira Mesa LLC
—
Deed Of Trust
related
$12,700,000 · Massachusetts Mutual Life Ins
—
—
Asr Mira Mesa LLC
—
Deed Of Trust
related
$9,000,000 · Alliance 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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