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Property profile & analytics
FOR LEASE
Manufacturing properties
960 Rancheros Dr San Marcos, CA 92069
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9729961
For Lease
1 / 2
$8,035,000
960 Rancheros Dr, San Marcos, CA 92069
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
48,064 SF
Lot
3.15 ac (137,214 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
226-692-03-00
UPID
US09-9729961
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
-
Red Tail Catering Take-out & Catering Catering Service
-
Columbia Stone Products (Bike/Boat/Book/etc) Store Building Supply
-
Marcus Papay Design Production Facility Furniture & Home Goods
-
Door Dorks Building Supply General Contractor
-
McNulty Glass Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.46M
Comparable Approach
Comparable
$7.68M
Blend (final)
Blend
$8.04M
Owner & transaction history
960 Rancheros LLC · 1 yrs held
960 Rancheros LLC
since 2025
Last sale
$8.0M
5 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, 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 Marcos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Marcos 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%
$9,165,000
6.5%
$8,460,000
7%
$7,855,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$9,490,000
Current use
Blend value · Realmo final
$8.04M
Range $7.23M – $8.84M · ±10% · vs last sale $8.00M (Nov 25 2024)
Last sale anchor
$8.00M
Nov 25 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
$167 / 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
$67,791
Tax year 2024
Assessed value
$6,127,072
Assessed 2024
Previous assessed
$6,127,072
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$3,240,278
Assessed improvement
$2,886,794
Applied tax rate
13.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1983
Heating
NONE
Units
1
Total area
48,064 SF
Lot
3.15 ac (137,214 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
226-692-03-00
UPID
US09-9729961
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · San Marcos, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · San Marcos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
San Marcos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$9.5M
INDUSTRIAL (GENERAL) Current
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
1983
Heating
NONE
Units
1
Lot
3.15 ac
Current owner
From public records · entity-resolved
960 Rancheros LLC
Entity
Mailing address
32332 CAMINO CAPISTRANO STE #102, SAN JUAN CAPO, CA 92675-3701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
$8,000,000
960 Rancheros LLC
Malcolm Carter Enterprises
Grant Deed
$7,700,000 · Amis Loan LLC
Nov 10, 2014
$5,200,000
Malcolm Carter Enterprises
Lpc Investments LLC
Grant Deed
$3,175,000 · Citizens Business Bank
Nov 17, 2006
—
Salvation Army
Siemon M T 2001 Trust
Grant Deed
—
—
—
Lpc Investments LLC
—
Deed Of Trust
related
$3,000,000 · Pacific Western Bank
—
—
Lpc Investments LLC
—
Deed Of Trust
related
$4,025,000 · Stephen Zimmerman
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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