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Property profile & analytics
OFF-MARKET
Estimated value
$18,650,000
Warehouses
999 Msn Rd San Marcos, CA 92069-3012
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9701207
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Year built
1985
Total area
90,246 SF
Lot
4.82 ac (209,959 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
220-240-50-00
UPID
US09-9701207
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
-
PACIFIC BEACH VINYL (Bike/Boat/Book/etc) Store
-
Life Storage - San Marcos Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.64M
Blend (final)
Blend
$18.65M
Owner & transaction history
Life Storage LP · 4 yrs held
Life Storage LP
since 2022
Last sale
$19.0M
6 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
$16,885,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$28,410,000
Change: -12% · Conversion: Difficult
RETAIL STORES
$27,405,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$18.65M
Range $16.79M – $20.52M · ±10% · vs last sale $19.04M (Jan 7 2022)
Last sale anchor
$19.04M
Jan 7 2022
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
$207 / 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
$218,787
Tax year 2024
Assessed value
$19,809,216
Assessed 2024
Previous assessed
$19,809,216
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$7,282,800
Assessed improvement
$12,526,416
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
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Year built
1985
Heating
NONE
Units
1
Total area
90,246 SF
Lot
4.82 ac (209,959 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
220-240-50-00
UPID
US09-9701207
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$28.4M
RETAIL STORES
Est. value
$27.4M
APARTMENT HOUSE (5+ UNITS)
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
1985
Heating
NONE
Units
1
Lot
4.82 ac
Current owner
From public records · entity-resolved
Life Storage LP
Entity
Mailing address
6467 PO BOX 71870TH ST, SALT LAKE CITY, UT 84171-0870
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2022
$19,040,000
Life Storage LP
Storage Solutions San Marcos LLC
Grant Deed
—
May 28, 2019
—
Storage Solutions San Marcos L
—
Deed
related
$13,000,000 · Miscellaneous Ins Co
May 25, 2016
$13,900,000
Storage Solutions San Marcos LLC
San Marcos Self Storage LLC
Grant Deed
$9,200,000 · Wells Fargo Bank NA
Feb 19, 1988
$7,500
Charl Stephenson
Mante
Quit Claim Deed
related
—
—
—
Storage Solutions San Marcos L
—
Deed Of Trust
related
$13,000,000 · Miscellaneous Ins Co
—
—
San Marcos Self Storage LLC
—
Deed Of Trust
related
$3,000,000 · Standard Insurance Co
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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