Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    5860 Owens Avenue, Carlsbad, CA 92010

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Office buildings

    Type:Office
    Property size:
    17,054 SF
    Price / SF:
    $259/SF
    Added:
    Feb 14, 2023
    Days on Market:
    1205
    Last Refresh:
    May 20 at 8:22 pm

    Property Features for 5860 Owens Avenue

    General Information

    Standard status
    Active
    Size
    17,054 SF
    Property subtype
    Office

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    Hank Jenkins

    Listing agent Hank Jenkins License #CA 01981328

    Listing office SRS Industrial

    Listing date Feb 14, 2023

    Source Crexi

    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 SRS Industrial

    HighLights

    • 17,054 sq ft office building in Carlsbad.
    • Convenient access to I‑5 for commuters.
    • Close proximity to The Island at Carlsbad food court.
    • Easy access to restaurants and shops at Bressi Ranch.
    • High‑image lobby and suites.
    • Steel frame construction (built in 2001).

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $562.8k $33.00
    − Vacancy −$73.2k −$4.29
    EGI $489.6k $28.71
    − OpEx −$122.4k −$7.18
    NOI $367.2k $21.53
    17,054 SF · lease $33.00/SF/yr · vacancy 13.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $5.25M
    $4.59M – $6.12M (±1% cap)
    NOI $367,215 @ 7.0% cap · market cap 8.30%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $6.27M
    $5.48M – $7.31M (±1% cap)
    NOI $438,700 @ 7.0% cap · market cap 9.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Augmentalis, Inc (Bike/Boat/Book/etc) Store San Diego County ... Employment Agency Lenhoff Financial Group Financial Advisor MortgageOne, Inc. Loan Service Wale Advisory Group Financial Advisor

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Law Firm Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon 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
    -117.2856379
    Latitude
    33.120231

    Nearby Similar for Sale

    • $9,200,000
      31,200 SF

      Carlsbad Freestanding Industrial Building

      Freestanding industrial building with office and warehouse space for sale.
      5931 Darwin Ct, Carlsbad, CA 92008
      View Details
    • $4,175,000
      12,835 SF

      Carlsbad Production Studio & Warehouse

      Two-story building with studio, kitchen, warehouse, and office space.
      3254-3270 Grey Hawk Ct, Carlsbad, CA 92010
      View Details
    • $2,195,000

      Specialty Property Near Esturion Place

      Specialty real estate opportunity with convenient access and a location directly across from Esturion Place.
      6515-6535 El Fuerte Street, Carlsbad, CA 92009
      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
    • $5,950,000

      Industrial Distribution Warehouse For Sale

      Purchase an industrial distribution warehouse offering an investment opportunity with straightforward warehouse-oriented utility.
      2261 Rutherford Rd, 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
    • $4,695,000

      Seven-Unit Multifamily Building Near Beach

      Seven-unit multifamily property, refreshed, near the Village and beach.
      2652 Jefferson St, Carlsbad, CA 92008
      View Details
    • $1,399,200

      Carlsbad Office Property for Sale

      Office property available in Carlsbad, California.
      5150 Avenida Encinas, Carlsbad, CA 92008
      View Details
    • $2,200,000

      Carlsbad Specialty Property For Sale

      Specialty property available in Carlsbad, California.
      7009 El Fuerte St, Carlsbad, CA 92009
      View Details
    • $20,396,000
      77,699 SF

      Carlsbad Manufacturing Industrial Building

      Manufacturing industrial building in premier Carlsbad Research Center.
      1675 Faraday Avenue, Carlsbad, CA 92008
      View Details
    • $3,995,000
      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
    • $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

    Where is this office building located?
    The property is located at 5860 Owens Avenue Carlsbad, CA.
    What is the asking price?
    The asking price for this property is $4,425,000.
    What are key features of this property?
    This property features: 17,054 sq ft office building in Carlsbad.; Convenient access to I‑5 for commuters.; Close proximity to The Island at Carlsbad food court.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Hank Jenkins
    Real Estate License ID: CA 01981328
    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

    Thank You for Inquiry
    5860 Owens Avenue, Carlsbad, CA 92010
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!