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Property profile & analytics
OFF-MARKET
Estimated value
$9,945,000
Industrial land
Hoover Ave National City, CA 91950
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9672452
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
4.92 ac (214,315 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
562-220-28-00
UPID
US09-9672452
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.95M
Owner & transaction history
Wpc Nn Hoover National City Industr · 4 yrs held
Wpc Nn Hoover National City Industr
since 2021
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, 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 National City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs National City 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
$9,075,000
ML approach
$9,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.95M
Range $8.95M – $10.94M · ±10% · vs last sale $10.50M (Dec 22 2021)
Last sale anchor
$10.50M
Dec 22 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
—
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
$80,809
Tax year 2024
Assessed value
$7,022,700
Assessed 2024
Previous assessed
$7,022,700
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$7,022,700
Applied tax rate
6.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
4.92 ac (214,315 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
562-220-28-00
UPID
US09-9672452
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · National City, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · National City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
National City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
4.92 ac
Current owner
From public records · entity-resolved
Wpc Nn Hoover National City Industr
Entity
Mailing address
802 N 3RD AVE, PHOENIX, AZ 85003-1409
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2025
—
Wpc Nn Hoover Natl City Industrial
—
Deed
related
$4,000,000 · Great Southern Bank
Dec 22, 2021
$10,500,000
Wpc Nn Hoover National City Industr
Hoover Avenue LLC
Grant Deed
—
Sep 11, 2018
—
Hoover Avenue LLC
—
Deed
related
$1,000,000 · Banner Bank
May 27, 2016
—
Hoover Avenue LLC
—
Deed
related
—
May 18, 2016
—
Hoover Avenue LLC
Re Staite Engineering INC
Grant Deed
—
Apr 4, 2016
$6,090,000
R E Staite Engineering INC
Mccune Family Trust
Grant Deed
$4,567,500 · Banner Bk
Feb 4, 2014
—
Mccune Family Trust
Mccune,richard S JR & Nancy F
Quit Claim Deed
related
—
Mar 13, 2009
$1,558,000
Richard S Mccune JR.
Bl Commercial Realty LLC
Grant Deed
—
Oct 3, 2006
$3,750,000
Bl Commercial Realty LLC
Schuff Steel
Grant Deed
$3,500,000 · Bank Of The West
Oct 15, 1998
$750,000
Bannister Steel INC
Hoover Street Associates
Grant Deed
—
Mar 14, 1997
$637,500
Hoover Street Associates LLC
Bannister Steel INC
Grant Deed
$573,750 · Bannister Steel INC
—
—
Bl Commercial Realty LLC
—
Deed Of Trust
related
$5,200,000 · Ohio National Life Ins Co
—
—
Hoover Avenue LLC
—
Loan Modification
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.
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