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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Warehouses
9520 Pathway St Santee, CA 92071-4169
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9350553
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Total area
8,400 SF
Lot
0.68 ac (29,620 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
384-311-09-00
UPID
US09-9350553
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
-
Liberty Bait and Tackle (Bike/Boat/Book/etc) Store
-
Kore Essentials Clothing & Fashion Store
-
Arrow Automatic Fire Sprinklers General Contractor Security Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
$1.80M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.00M
Owner & transaction history
Robin Laatz · 4 yrs held
Robin Laatz
since 2021
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Santee, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+49.1%
Office building
$3.0M
+40.6%
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 Santee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santee 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
$2,355,000
ML approach
$2,350,000
CAP Approach
CAP Return
Estimation
6%
$1,945,000
6.5%
$1,795,000
7%
$1,665,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,150,000
Current use
AUTO REPAIR, GARAGE
$3,205,000
Change: +49% · Conversion: Easy
OFFICE BUILDING
$3,025,000
Change: +41% · Conversion: Difficult
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $1.92M (Nov 8 2021)
Last sale anchor
$1.92M
Nov 8 2021
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
$238 / 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
$24,168
Tax year 2024
Assessed value
$1,997,568
Assessed 2024
Previous assessed
$1,997,568
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$957,168
Applied tax rate
16.0000
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
1988
Heating
NONE
Units
1
Total area
8,400 SF
Lot
0.68 ac (29,620 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
384-311-09-00
UPID
US09-9350553
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Santee, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Santee, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santee. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$3.2M
OFFICE BUILDING
Est. value
$3.0M
WAREHOUSE, STORAGE Current
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
1988
Heating
NONE
Units
1
Lot
0.68 ac
Current owner
From public records · entity-resolved
Robin Laatz
Individual
Mailing address
5859 ARBOLES ST, SAN DIEGO, CA 92120-3721
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 8, 2021
$1,920,000
Robin Laatz
Cole Johnson Pavlick Leasing
Grant Deed
—
Nov 8, 2021
—
Robin Laatz
Karl Kozak JR
Intrafamily Transfer
related
—
Mar 18, 2019
—
Linda K Johnson
Johnson,byron D
Affidavit Of Death
related
$500,000 · Citizens Busn Bk
May 11, 1995
$11,000
Johnson Cole
Cole,robert K & Melissa M
Grant Deed
related
$10,782 · Seller
Jun 8, 1989
$550,000
Cole Johnson Pav
S M Accommodator
Trustees Deed
$225,500 · Cuyamaca Bank
Jun 8, 1989
—
Pan Am Investmen
Simpson Lear E
Trustees Deed
related
—
—
—
Cole Johnson Pavlick Leasing
—
Deed Of Trust
related
$500,000 · Citizens Busn Bk
—
—
Cole Johnson Pavlick Leasing
—
Deed Of Trust
related
$500,000 · Citizens Busn Bk
—
—
Johnson Pav Cole
—
Deed Of Trust
related
—
—
—
Lear E Simpson
—
Deed Of Trust
related
$335,000 · Great American Fed'l Savings
—
—
Johnson Pav Cole
—
Deed Of Trust
related
$218,000 · San Diego County (ca)
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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