Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5931 Priestly Dr Carlsbad, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Flex R&D space available for lease in Carlsbad, CA.

    Type:FLEX_R_AND_D
    Property size:
    52,777 SF
    Lot size:
    2.73 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    145
    Last Refresh:
    Apr 5 at 8:22 pm

    Property Features for 5931 Priestly Dr

    General Information

    Standard status
    Active
    Size
    52,777 SF
    Lot size
    2.73 Acres
    Property subtype
    FLEX_R_AND_D

    We can help!

    Listing Contact
    Chris Baumgart, SIOR

    Listing agent Chris Baumgart, SIOR License #1888224

    Listing office JLL | San Diego

    Listing date Nov 24, 2025

    Source Moodyscre

    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 JLL | San Diego

    Overview

    Carlsbad Flex R&D Space

    Available for lease is a flex research and development space located at 5931 Priestly Dr, Carlsbad, California. The available space encompasses 52,777 square feet. For further details, please inquire.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    San Diego Regional ... Charitable Organization Carlsbad SDRC Office Corporate Office Om Mushroom Superfood Department Store

    Suggested Use

    Restaurant Spa & Massage Center Building Supply Dental Office Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon Real Estate Agency Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Felix's Creative Flavors Catering — 5671 Palmer Way Ste D, Carlsbad, CA 92010
    • Dlivrd — 5650 El Camino Real, Carlsbad, CA 92008

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    San Diego
    State
    California
    Longitude
    -117.273
    Latitude
    33.1328

    Nearby Similar for Sale

    • $1,730,000
      1,611 SF

      Carlsbad Duplex with Ocean Views

      Tastefully renovated duplex in Olde Carlsbad with income potential.
      3630 Donna Drive, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      11,536 SF

      Carlsbad Flex Space For Sale

      11,536 SF flex space with ample office and warehouse.
      6056 Corte Del Cedro, Carlsbad, CA 92011
      View Details
    • $4,500,000
      12 SF

      Carlsbad Office Building For Sale

      Two-story office building in Carlsbad Raceway Business Park.
      3172 Lionshead Ave | Carlsbad, CA 92010, CA 92010
      View Details
    • $1,399,200

      Carlsbad Office Property for Sale

      Office property available in Carlsbad, California.
      5150 Avenida Encinas, Carlsbad, CA 92008
      View Details
    • $3,640,624
      12,176 SF

      Carlsbad Office Space For Sale

      Turnkey office space available in Carlsbad's Lionshead Point Business Park.
      3160 Lionshead Ave, Carlsbad, CA
      View Details
    • $3,640,624
      12 SF

      Carlsbad Office Space For Sale

      Turnkey office space in Lionshead Point Business Park.
      3176 Lionshead Ave | Carlsbad, CA 92010, CA 92010
      View Details
    • $10,500,000
      15,464 SF

      Carlsbad Office Space Sublease

      Second floor office space available for sublease in Carlsbad.
      2055 Corte Del Nogal, Carlsbad, CA
      View Details
    • $11,700,000
      19,896 SF

      Carlsbad Village Premier Office Property

      Three-story office building with ocean views and redevelopment opportunities.
      2333 State St, Carlsbad, CA 92008
      View Details
    • $6,415,000
      21 SF

      Carlsbad Industrial Building For Sale

      21,743 SF industrial building in Carlsbad, available February 2026.
      2261 Rutherford Rd | Carlsbad, CA 92008, CA 92008
      View Details
    • $2,200,000
      3,676 SF

      High Image Flex R&D Condo

      3,676 SF flex space in desirable Bressi Ranch.
      6126 Innovation Way, Carlsbad, CA 92009
      View Details
    • $899,000
      1,840 SF

      Carlsbad Office Condo For Sale

      Professional office condo in a prime North County location.
      5927 Balfour Ct, Carlsbad, CA 92008
      View Details
    • $3,500,000
      4,774 SF

      Carlsbad Retail Property For Sale

      Retail property available in Carlsbad Village, California.
      355 Carlsbad Village Dr, Carlsbad, CA
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex R&D space available for lease in Carlsbad, CA.
    Where is this flex space located?
    The property is located at 5931 Priestly Dr Carlsbad, CA.
    What is the asking price?
    The asking price for this property is $15,500,000.
    What are key features of this property?
    This property features: Flex R&D space available for lease.; Located at 5931 Priestly Dr, Carlsbad, California 92008.; Available square footage: 52,777 SF.
    (858) 410-1200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Chris Baumgart, SIOR
    Real Estate License ID: 1888224
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!