Paseo Carlsbad Retail
For Sale
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5617 Paseo Del Norte, Carlsbad, CA 92008
Well-maintained shopping center with retail, restaurant, health, and service tenancy in a commercial tourist zone.
Property Size44,722 SF
Price / SF$565.45
Days on Market60
Property Features for 5617 Paseo Del Norte
General Information
Standard status
Active
Size
44,722 SF
Total Parking Spaces
254
Property subtype
Retail
Zoning
Commercial Tourist Zone
Occupancy
93%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$1,517,278
Site & Location
Traffic Count
8,900 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2010
Buildings
1
Tenancy
Multi
Listing Agency:
CBRE - San Diego
Listed By:
Michael Peterson · License #CA 01969314
(858) 646-4749
Source:
Crexi
Added: Aug 19
Changed: Oct 8
Last Checked: Oct 16 at 9:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - San Diego
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Investment Insights
Based on property information with market context.
Paseo Carlsbad is a 44,722 SF shopping center completed in 2010 and currently 93% leased. The property combines retail, restaurant, health, and service-oriented occupancy within a maintained commercial setting. It is designated Commercial Tourist Zone and includes a range of complementary tenant uses.
The center fronts Paseo Del Norte, which carries approximately 8,900 CPD, with access to Palomar Airport Road and Interstate 5. Palomar Airport Road records approximately 52,480 CPD, while Interstate 5 carries approximately 218,800 CPD. Immediate restaurant neighbors include P.F. Chang’s, King’s Fish House, and BJ’s Restaurant & Brewhouse. Additional surrounding retail includes In-N-Out Burger, Chick-fil-A, Draft Republic Carlsbad, Simon’s Carlsbad Premium Outlets, Carlsbad Car Country, and Costco. The property is located at 5617 Paseo Del Norte, Carlsbad, CA 92008.
The center fronts Paseo Del Norte, which carries approximately 8,900 CPD, with access to Palomar Airport Road and Interstate 5. Palomar Airport Road records approximately 52,480 CPD, while Interstate 5 carries approximately 218,800 CPD. Immediate restaurant neighbors include P.F. Chang’s, King’s Fish House, and BJ’s Restaurant & Brewhouse. Additional surrounding retail includes In-N-Out Burger, Chick-fil-A, Draft Republic Carlsbad, Simon’s Carlsbad Premium Outlets, Carlsbad Car Country, and Costco. The property is located at 5617 Paseo Del Norte, Carlsbad, CA 92008.
Key Highlights
- 44,722 SF shopping center completed in 2010
- 93% leased with retail, restaurant, health, and service tenants
- Commercial Tourist Zone designation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$802,984
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,059,680
$16.1M
Cap Rate 7%
$11,471,200
$11.5M
Cap Rate 9%
$8,922,044
$8.9M
Market Conditions
NOI Build-Up for 44,722 SF
Gross rent
$1.21M $27.00/SF
− Vacancy
−$60.4K −$1.35/SF
EGI
$1.15M $25.65/SF
− OpEx
−$344.1K −$7.69/SF
NOI
$803.0K $17.96/SF
Area
Carlsbad, CA
Vacancy
5.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,059,680
Cap Rate 7%
$11,471,200
Cap Rate 9%
$8,922,044
Alternative Uses
Best Use
Retail
$11.47M
$10.04M – $13.38M
NOI $802,984 @ 7.0% cap · market cap 3.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.43M
$14.38M – $19.17M
NOI $1,150,436 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
8,900 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,764
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92008, CA
27,282
Population
13,102
Households
2.1
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
10.4 sq mi
ZIP Area
2,623
Density / Sq Mi
$105,371
Median Household Income
$55,965
Median Earnings
$2,343
Median Rent
$1,142,300
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Junes Department Store and Food Court — 961 Palomar Airport Rd, Carlsbad, CA 92011
- Palomar Place Shopping Center — Palomar Airport Rd, Carlsbad, CA 92008
- Solaris — 5600 Paseo Del Norte A135, Carlsbad, CA 92008
- Sunglass Hut — 5630 Paseo Del Norte #103, Carlsbad, CA 92008
- Plaza outlet — 5600 Paseo Del Norte, Carlsbad, CA 92008
Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained shopping center with retail, restaurant, health, and service tenancy in a commercial tourist zone.
Where is this shopping center located?
The property is located at 5617 Paseo Del Norte Carlsbad, CA.
What is the asking price?
The asking price for this property is $25,288,000.
What are key features of this property?
This property features: 44,722 SF shopping center completed in 2010; 93% leased with retail, restaurant, health, and service tenants; Commercial Tourist Zone designation
