Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    1241 Carlsbad Village Dr Carlsbad, CA 92008

    • Retail space
    • 6,095 SF
    • 0.31 lot acres
    For Lease
    View listing
    $42 SF/Yr
    Last Sale
    Jun 24, 2024
    $2,700,000
    Value Estimations
    $2,700,000
    Cap Rate Potential
    4.1%
    Retail space
    Location Intelligence
    Property ID
    US09-6774242
    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

    • Soudabeh Rahmankhah / Mental Health Clinic
    • Sara Galbraith, Psy.D. / Psychologist
    • The Wise Mind Therapy / Holistic Medicine Practitioner
    • Purdy Homes / Property Management Company / Real Estate Agency
    • VH1 Realty / Real Estate Agency

    Property Details for 1241 Carlsbad Village Dr

    Year built
    1978
    Lot size
    0.31 lot acres
    Property size
    6,095 SF
    Zone code
    RESTRICTED COMMERCIAL
    Property type
    Retail space
    APN
    156-180-20-00
    APU
    1561802000

    Description

    This exceptional office property, located at 1241 Carlsbad Village Drive, Carlsbad, CA 92008, offers three available suites ranging from 120 square feet to 2,000 square feet. The building is classified as a Class B office space and features a multiple tenancy structure. The property's address is conveniently situated right off Freeway 5, providing easy access to Highway 78, making it ideal for businesses serving the entire North County region. The property type is categorized as Traditional Office, Creative Office, and Executive Office, offering versatility for a range of business needs. On-site parking is available, adding to the convenience of this location. Furthermore, the property is just a short distance from the vibrant downtown Carlsbad dining scene, offering employees a variety of lunch and after-work options. The Assessor's Parcel Number (APN) for this property is 156-180-20-00. This presents a unique opportunity for businesses seeking flexible and well-located office space in the desirable Carlsbad area. The property's latitude and longitude coordinates are 33.16419399328878 and -117.34066597370123 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,700,000
      ML approach
      $2,700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,825,000
      6.5%
      $1,685,000
      7%
      $1,565,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,555,000
      Current use
      RESTAURANT
      $3,995,000
      Change: +12% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,420,000
      Change: -4% Conversion: Difficult
      MEDICAL BUILDING
      $2,895,000
      Change: -19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    San Diego
    State
    California
    Longitude
    -117.34
    Latitude
    33.1639
    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
    $29,597
    $1,734,000
    $1,020,000
    $2,754,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      Marron Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.13 Acres
      Marron Rd, Carlsbad, CA 92008
      View Details
    • Value Estimation by Request

      3088 State St

      RETAIL STORES (PERSONAL SERVICES)
      3088 State St, Carlsbad, CA 92008-2486
      View Details
    • Value Estimation by Request
      0.12 Acres

      2775 Carlsbad Blvd

      RETAIL STORES (PERSONAL SERVICES) • 0.12 Acres
      2775 Carlsbad Blvd, Carlsbad, CA 92008-2210
      View Details
    • Value Estimation
      $990,000
      4,840 SF

      3039 Jefferson St

      RETAIL STORES (PERSONAL SERVICES) • 4,840 SF
      3039 Jefferson St, Carlsbad, CA 92008-2345
      View Details
    • Value Estimation
      $13,585,000
      65,500 SF

      5857 Owens Ave

      RETAIL STORES (PERSONAL SERVICES) • 65,500 SF
      5857 Owens Ave, Carlsbad, CA 92008-5507
      View Details
    • Value Estimation
      $7,825,000
      44,236 SF

      5617 Paseo Del Norte

      RETAIL STORES (PERSONAL SERVICES) • 44,236 SF
      5617 Paseo Del Norte, Carlsbad, CA 92008-4407
      View Details

    Similar Nearby for Sale

    • $3,500,000
      4,774 SF

      Carlsbad Retail Property For Sale

      Retail property available in Carlsbad Village, California.
      355 Carlsbad Village Dr, Carlsbad, CA 92008
      View Details
    • $3,900,000
      4,840 SF

      Carlsbad Village Mixed-Use Opportunity

      Prime Carlsbad location, approved plans, high ROI potential.
      3039 Jefferson St, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      5.64 Acres

      Carlsbad Land: 5.64 Acres

      Prime Carlsbad development land, ocean views.
      0 Hemingway Dr, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      5,016 SF

      Carlsbad Office Space: Prime Location

      Downtown Carlsbad Office, 5016 sq ft
      2753 St Unit 100, Carlsbad, CA 92008
      View Details
    • $1,500,000
      1,350 SF

      Carlsbad Office Building For Sale

      Office building featuring multiple private offices, waiting area, and restroom.
      2774 Jefferson St, Carlsbad, CA 92008
      View Details
    • $7,500,000
      21 SF

      Carlsbad Industrial Building For Sale

      21,743 SF industrial building in Carlsbad, available February 2026.
      2261 Rutherford Rd, Carlsbad, CA 92008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      985 SF

      Retail Space in La Costa

      Retail space available in Carlsbad's La Costa Town Square.
      7610 Via Campanile, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      2,500 SF

      Carlsbad Retail Space For Lease

      Retail space available in Carlsbad with high traffic volume.
      955-1005 Carlsbad Village Dr, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      3,894 SF

      Versatile Space in Carlsbad, CA

      Mixed-use property suitable for medical, retail, restaurant, or office tenants.
      5806-5814 Van Allen Way, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      1,997 SF

      Retail Space in La Costa

      Retail space available in Carlsbad's La Costa Town Square.
      3457 Via Montebello, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      2,287 SF

      Retail Space in La Costa

      Retail space available in Carlsbad's La Costa Town Square.
      7615 Via Campanile, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      1,317 SF

      Retail Space in La Costa

      Retail space available in Carlsbad's La Costa Town Square.
      3427 Via Montebello, Carlsbad, CA 92008
      View Details
    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.
    1241 Carlsbad Village Dr
    Carlsbad, CA 92008
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.