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Property profile & analytics
OFF-MARKET
Estimated value
$6,910,000
Warehouses
1825 Aston Ave 35 Carlsbad, CA 92008-7341
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-9769415
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1995
Total area
30,848 SF
Lot
2.5 ac (108,900 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-120-12-00
UPID
US09-9769415
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
-
Reflex Corporation (Bike/Boat/Book/etc) Store Pet Store & Service
-
Actionable Insights High School Vocational School
-
Reconstruction Experts Inc Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.15M
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$6.91M
Owner & transaction history
Dempsey Construction INC · 1 yrs held
Dempsey Construction INC
since 2025
6 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,745,000
6.5%
$7,145,000
7%
$6,635,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,740,000
Current use
Blend value · Realmo final
$6.91M
Range $6.22M – $7.60M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$224 / SF
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
$36,288
Tax year 2024
Assessed value
$3,369,702
Assessed 2024
Previous assessed
$3,369,702
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$931,396
Assessed improvement
$2,438,306
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1995
Heating
NONE
Units
2
Total area
30,848 SF
Lot
2.5 ac (108,900 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-120-12-00
UPID
US09-9769415
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Zoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$8.7M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Heating
NONE
Units
2
Lot
2.5 ac
Current owner
From public records · entity-resolved
Dempsey Construction INC
Entity
Mailing address
1825 ASTON AVE #35, CARLSBAD, CA 92008-7341
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
—
Dempsey Construction INC
Dciastone Avenue LLC
Deed
$4,999,000 · The Mortgage Capital Development Corp
Mar 26, 2024
$10,500,000
Dciastonavenue LLC
Jim Kelly
Grant Deed
$4,890,000 · Bank Of America NA
Mar 15, 2011
—
Vista Buena Trust
Levy John C JR Trust
Quit Claim Deed
related
—
Nov 12, 2004
—
Levy John C JR Trust
Levy,levy John C
Quit Claim Deed
related
—
Aug 4, 1993
$470,000
John C Levy
Upland Industrie
Grant Deed
—
—
—
John C Levy
—
Deed Of Trust
related
$245,000 · Capital Bank North County
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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