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    5938 Priestly Dr Carlsbad, CA 92008

    • Retail space
    • 17,056 SF
    • 0.21 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US09-9755279
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hera Hub Carlsbad / Coworking Space / Business Development Service
    • Cheever Law, APC / Estate Planning Attorney
    • Shaping Freedom / Life Coach / Wellness Program
    • Upstart Group / Marketing Agency
    • Diaspora Therapy Group / Mental Health Service

    Property Details for 5938 Priestly Dr

    Year built
    2002
    Lot size
    0.21 lot acres
    Property size
    17,056 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Retail space
    APN
    212-240-05-00
    APU
    2122400500

    Description

    This exceptional Class A office building, the Genesis Corporate Center, offers 17,056 square feet of space in a desirable Carlsbad location. The two-story building features a striking terra-cotta sandstone façade and prominent floor-to-ceiling glass with operable windows, creating a bright and modern workspace. Currently, 9,104 square feet of beautifully improved office space is available for lease on the second floor, while the first floor (7,985 square feet) is fully leased. The building boasts abundant surface parking (4.0 spaces per 1,000 square feet) and convenient elevator access. Situated within the prestigious Carlsbad Research Center, this property enjoys a highly improved campus environment with walking paths, outdoor seating areas, and is within walking distance of various dining options. Its location provides excellent visibility to El Camino Real (33,847 cars per day) and easy access from El Camino Real and Palomar Airport Road, with close proximity to McClellan Palomar Airport. The lease rate is $1.99 per square foot, plus electricity. The building is also available for sale at $4,595,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    San Diego
    State
    California
    Longitude
    -117.273
    Latitude
    33.1343
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $47,938
    $540,000
    $3,660,000
    $4,200,000
    -
    $0.00
    $0.00
    $0.00

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    Carlsbad, CA 92008
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    Realmo Value Estimation

    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.

    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.

    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
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