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Property profile & analytics
OFF-MARKET
Estimated value
$2,165,000
Retail space
Palm Ave Lemon Grove, CA 91945
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9670008
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.25 ac (10,781 SF)
Zoning code
COMMERCIAL
APN
480-502-03-00
UPID
US09-9670008
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
$2.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.17M
Owner & transaction history
Palm Plaza LLC · 4 yrs held
Palm Plaza LLC
since 2021
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Lemon Grove, 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 Lemon Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lemon Grove 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
$2,280,000
ML approach
$2,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10% · vs last sale $2.06M (Sep 8 2021)
Last sale anchor
$2.06M
Sep 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
—
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
$1,954
Tax year 2024
Assessed value
$158,895
Assessed 2024
Previous assessed
$158,895
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$158,895
Applied tax rate
15.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Lot
0.25 ac (10,781 SF)
Zoning code
COMMERCIAL
APN
480-502-03-00
UPID
US09-9670008
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Lemon Grove, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Lemon Grove, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lemon Grove. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.25 ac
Current owner
From public records · entity-resolved
Palm Plaza LLC
Entity
Mailing address
8127 LA MESA BLVD STE C, LA MESA, CA 91942-6490
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
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
Palm Plaza LLC
Palm Plaza LLC
Intrafamily Transfer
related
$2,800,000 · My Point Cu Sd
Jul 17, 2018
—
Palm Plaza LLC
—
Grant Deed
related
$3,000,000 · First Nat'l Bk/sthrn Ca
Aug 29, 2016
—
Palm Plaza LLC
—
Deed
related
$1,500,000 · Wells Fargo Bk
May 18, 2012
—
Peter Martinez
Martinez,kelly A
Quit Claim Deed
related
—
May 18, 2012
$2,060,000
Palm Plaza LLC
Gregory L Houska
Grant Deed
$1,330,000 · Wells Fargo Bank NA
Feb 28, 2008
—
Houska,gregory Trust
Houska,gregory
Quit Claim Deed
related
—
Nov 7, 2003
$1,950,000
Houska,gregory L
Attisha,tr
Trustees Deed
$1,365,000 · First Security Thrift Co
Nov 7, 2003
—
Gregory L Houska
Houska,dindy
Quit Claim Deed
related
—
Jul 24, 2001
$1,000
Gast Holdings LLC
Palm East County Trust
Grant Deed
related
—
Feb 18, 1988
$900,000
East County Part
Evans
Trustees Deed
$600,000 · Glendale Federal Bank
—
—
Francis Attisha
—
Deed Of Trust
related
$984,375 · Home Bank Of California
—
—
Palm Plaza LLC
—
Loan Modification
related
$1,500,000 · Wells Fargo Bk
—
—
East Counnty East Palm
—
Deed Of Trust
related
$800,000 · Lenders Security Trust
—
—
East County Part
—
Deed Of Trust
related
—
—
—
Gail E Mumma
—
Deed Of Trust
related
—
—
—
East County Partners
—
Deed Of Trust
related
$650,000 · Community Commerce Bank
—
—
East County Partners
—
Deed Of Trust
related
$550,000 · Community Commerce Bank
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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