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    La Mesa, CA 91942
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    Property profile & analytics

    , La Mesa, CA 91942

    View on Map
    • Bowling alleys
    • 0.23 lot acres
    Off-Market
    Property ID
    US10-0012852
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bowling alleys

    Property Details

    Lot size
    0.23 lot acres
    Zone code
    R-3:RESTRICTED MULTIPLE
    Property type
    Bowling alleys
    APN
    490-580-04-00
    APU
    4905800400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 1, 2017 — Prime Campina LLC Prime Campina LP Quit Claim Deed · related $26.9M · Cbre Cap Markets
    Jul 13, 2011 $21,750,000 Prime Campina LP Grossmont Partners Grant Deed —
    Aug 2, 2010 — Grossmont Partners — Grant Deed · related $15.8M · Us Bank NA
    Oct 27, 2009 — Grossmont Partners — Deed Of Trust · related $16.8M · California National Bank
    May 18, 2007 $3,456,000 Grossmont Partners Loma Verde INC Grant Deed $16.8M · California National Bank
    Feb 7, 2005 — Essel Park Grossmont Trust A Holdings LLC Quit Claim Deed · related —
    Jan 3, 2005 $5,576,500 Essel Holdings LLC J & E Holding Co LLC Quit Claim Deed · related —
    Jan 3, 2005 — J & E Holding Co LLC Park Grossmont Apartments Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    San Diego
    State
    California
    Longitude
    -117.003
    Latitude
    32.7847
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,885
    $356,493
    $98,508
    $455,001
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6.32 Acres

      5540 Lk Park Way

      BOWLING ALLEY
      5540 Lk Park Way, La Mesa, CA 91942-1607
      View Details
    • Value Estimation
      $8,020,000
      0.14 Acres

      Jackson Dr

      BOWLING ALLEY
      Jackson Dr, La Mesa, CA 91942
      View Details
    • Value Estimation by Request
      21.53 Acres

      5080 Memorial Dr

      GOLF COURSE
      5080 Memorial Dr, La Mesa, CA 91942-9347
      View Details
    • Value Estimation by Request
      0.08 Acres

      5171 Guild St

      WAREHOUSE, STORAGE
      5171 Guild St, La Mesa, CA 91942-2933
      View Details
    • Value Estimation by Request
      0.64 Acres

      5349 Jackson Dr

      RETAIL STORES (PERSONAL SERVICES)
      5349 Jackson Dr, La Mesa, CA 91942-3039
      View Details
    • Value Estimation by Request
      4.27 Acres

      8950 La Mesa Blvd, Unit 92

      VACANT COMMERCIAL LAND
      8950 La Mesa Blvd, La Mesa, CA 91942-0849
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      16,814 SF

      La Mesa Church on 3.49 Acres

      16,814 SF church on 3.49 acres in La Mesa.
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    • New
      Contact for pricing

      Four-Unit Residential Income Property

      Well-maintained four-unit building with patios or balcony, parking, and community coin laundry for income-focused ownership.
      5526 Shasta Ln, La Mesa, CA 91942
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    • $1,749,000

      Upgraded 4-Unit Residential Income Property

      Fully upgraded quadplex with four individually metered units, including two recently permitted construction units.
      49-7843 La Mesa Blvd, La Mesa, CA 91942
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    • $1,195,000

      Upgraded Triplex on Corner Lot

      Turnkey upgraded triplex with in-unit laundry and private yard space for three well-rentable layouts.
      6001 Horton Dr, La Mesa, CA 91942
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    • Contact for pricing
      1,500 SF

      R3 Zoned Multifamily Property

      Multifamily property with development potential near SDSU and Grossmont College.
      7380 Mohawk St, La Mesa, CA 91942
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    Similar Nearby for Lease

    • Contact for pricing
      1,400 SF

      La Mesa Retail Space Available

      Retail space available for lease in La Mesa, CA.
      5630-5650 Lake Murray Blvd, La Mesa, CA 91942
      View Details
    • Contact for pricing
      1,552 SF

      Retail Space in La Mesa

      Retail space centrally located in the heart of La Mesa.
      8030-8076 La Mesa Blvd, La Mesa, CA 91942
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease in La Mesa, California.
      5360 Jackson Dr, La Mesa, CA 91942
      View Details
    • Contact for pricing
      880 SF

      Boutique Medical Office Space

      Medical office space with pristine finishes and high-end aesthetics.
      5200 Lake Murray Blvd, La Mesa, CA 91942
      View Details
    • Contact for pricing
      1,500 SF

      La Mesa Retail/Office Space

      Retail or office space featuring an open floor plan.
      5276-5282 Baltimore Dr, La Mesa, CA 91942
      View Details
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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