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Property profile & analytics
OFF-MARKET
Office Spaces
1015 Chestnut Ave Ste E3 Carlsbad, CA 92008-2565
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-9810528
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1984
Total area
802 SF
Lot
0.39 ac (16,801 SF)
Zoning code
COMMERCIAL
APN
205-190-25-06
UPID
US09-9810528
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bud Tovar - State Farm Insurance Agent Insurance Agency
-
Law Offices of Richard B. Macgurn Law Firm
-
Law Offices of Gregory S. Duncan Law Firm
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DeVito & Nore, A.P.C. - Family Law & Mediation Law Firm Child Welfare Organization
-
Aro Partners Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard B Macgurn · 4 yrs held
Richard B Macgurn
since 2022
Last sale
$631,000
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Carlsbad submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Carlsbad submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$2,430
Tax year 2024
Assessed value
$219,012
Assessed 2024
Previous assessed
$219,012
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$115,479
Assessed improvement
$103,533
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1984
Heating
NONE
Units
1
Total area
802 SF
Lot
0.39 ac (16,801 SF)
Zoning code
COMMERCIAL
APN
205-190-25-06
UPID
US09-9810528
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Carlsbad, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Carlsbad. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Units
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
Richard B Macgurn
Individual
Mailing address
PO BOX 450, SANTA YSABEL, CA 92070-0450
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 20, 2022
—
Richard B Macgurn
Richard B Macgurn
Intrafamily Transfer
related
—
Dec 30, 2005
—
Macgurn Richard B & E M Tr
Macgurn,richard B
Quit Claim Deed
related
—
Jun 19, 2003
—
Bacon,tr
Macgurn,tr
Grant Deed
related
—
—
—
Richard B Macgurn Trustee
—
Deed Of Trust
related
$81,000 · South Coast Thrift & Loan
—
—
Bacon Cynthia L Trust
—
Deed Of Trust
related
$130,000 · South Coast Commercial Bank
—
—
Macgurn Richard B & E M Tr
—
Deed Of Trust
related
$204,000 · Borrego Springs Bank
—
—
Richard B Macgurn Trustee
—
Deed Of Trust
related
$105,000 · South Coast Commercial Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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