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    2011 Palomar Airport Rd Carlsbad, CA 92011

    Sponsored
    For Lease
    $26 SF/Yr

    Class A Carlsbad Office Suites Available

    Lot size:
    46,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    413
    This exceptional Class A office building, located at 2011 Palomar Airport Rd, Carlsbad, CA 92011, offers 46,550 square feet of prime office space. The property, built in 1987 and extensively renovated in 2019, features a prominent corner location with excellent street visibility on Palomar Airport Road, boasting exposure to 38,400 cars daily. The building comprises one two-story structure with 11-foot ceilings and ample parking (4.0 spaces per 1,000 square feet). Multiple tenancy options are available, with spaces ranging from 1,978 to 3,152 contiguous square feet, and a total of 5,130 square feet currently vacant. Building amenities include elevators, men's and women's showers, high-speed fiber optic internet access, and recently updated restrooms, common areas, exterior entrances, and landscaping. A park-like setting with an outdoor eating area enhances the property's appeal. Building signage opportunities are available facing Palomar Airport Road. The efficient core factor is 12.3%. The property is zoned for office use (APN: 213-061-26) and is conveniently located near Camino Vida Roble. A Downtown Works package is available for select tenants, including co-working space memberships, modern build-outs with floor-to-ceiling glass, upgraded kitchens, designer lighting, exposed ceilings, and faux brick accent walls. Lease rates are negotiable, plus electricity.

    Property Features for 2011 Palomar Airport Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    46,550 SF
    Class
    A
    Total Rate
    102410

    Building Details

    Year Built/Renovated
    1987/2019
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 308
    Size
    3,152 SF
    Rate per SF
    $26
    Space
    Suite 300
    Size
    1,978 SF
    Rate per SF
    $26

    We can help!

    Listing Contact
    Mike Conger
    Mike Conger

    Learn more

    Property Insight Report

    HighLights

    • High‑profile corner location on Palomar Airport Road with excellent visibility.
    • Building features men's and women's restrooms and showers.
    • High‑speed fiber optic internet access.
    • Recently renovated restrooms, common areas, exterior entrance, and landscaping.
    • Park‑like setting with outdoor eating area and future amenities.
    • Efficient 12.3% core factor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Downtown Works - Coworking ... Office Space Rental Agency Century 21 Award: ... Real Estate Agency Sarah Turner, PHD Child Psychologist Integrative Psychological Services Psychologist Don D. Campbell, ... Psychologist

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Law Firm Dental Office Auto Repair Shop Hair Salon Wholesale Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    San Diego
    State
    California
    Longitude
    -117.2805241
    Latitude
    33.1198628

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    FAQs

    What type of property is this?
    Office space - Class A Carlsbad Office Suites Available
    Where is this office space located?
    The property is located at 2011 Palomar Airport Rd Carlsbad, CA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: High-profile corner location on Palomar Airport Road with excellent visibility.; Building features men's and women's restrooms and showers.; High-speed fiber optic internet access.
    Request Owner's contact information
    2011 Palomar Airport Rd Carlsbad, CA 92011
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    Carlsbad, CA 92011
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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.

    More about this property
    2011 Palomar Airport Rd Carlsbad, CA 92011
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    We can help!
    Listing Contact
    Mike Conger
    Mike Conger
    Real Estate License ID: CA 01381193
    Learn more
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