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Property profile & analytics
OFF-MARKET
Estimated value
$5,540,000
Warehouses
1911 Palomar Oaks Way Carlsbad, CA 92008-6511
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6960668
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1997
Total area
22,850 SF
Lot
1.5 ac (65,340 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-091-08-00
UPID
US09-6960668
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
-
Dramm & Echter Food Processing Plant
-
San Dieguito Engineering, Inc. Civil Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.11M
CAP Approach
CAP
$5.30M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.54M
Owner & transaction history
Releco LLC · 5 yrs held
Releco LLC
since 2021
Last sale
$5.1M
7 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
$6,195,000
ML approach
$6,110,000
CAP Approach
CAP Return
Estimation
6%
$5,735,000
6.5%
$5,295,000
7%
$4,915,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,475,000
Current use
Blend value · Realmo final
$5.54M
Range $4.99M – $6.09M · ±10% · vs last sale $5.05M (May 28 2021)
Last sale anchor
$5.05M
May 28 2021
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
$242 / 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
$58,012
Tax year 2024
Assessed value
$5,430,499
Assessed 2024
Previous assessed
$5,430,499
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,334,657
Assessed improvement
$3,095,842
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
1997
Heating
NONE
Units
1
Total area
22,850 SF
Lot
1.5 ac (65,340 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-091-08-00
UPID
US09-6960668
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
$6.5M
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
1997
Heating
NONE
Units
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Releco LLC
Entity
Mailing address
1251 QUAIL GDNS DR, ENCINITAS, CA 92024-2368
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2023
—
Releco LLC
—
Deed
related
—
Nov 18, 2021
—
Releco LLC
—
Deed
related
$1,500,000 · American Agcredit Aca
Oct 15, 2021
—
Releco LLC
—
Deed
related
$4,040,000 · American Agcredit Aca
May 28, 2021
$5,050,000
Releco LLC
Epic Property Investments Company L
Grant Deed
—
Jun 26, 2012
$2,654,000
Epic Property Invs Co LLC
Berg Joanne Family Trust
Grant Deed
$2,100,000 · Bank Of America
Jun 18, 2012
—
Hunt Thomas A Trust
Hunt,thomas A
Quit Claim Deed
related
—
Jun 28, 2001
$2,150,000
Berg Trust
Niemin Porter & Co
Grant Deed
$650,000 · Capital Bank North County
Jun 30, 1999
$4,000,000
Niemin Porter & Co
Callaway Golf Co
Grant Deed
$20,000,000 · Chase Manhattan Bank
Feb 11, 1999
—
Callaway Golf Co
—
Deed Of Trust
related
$120,000,000 · General Electric Capital Corp
Oct 24, 1990
$500,000
Carson City Yard Investment
Unknown
Grant Deed
—
—
—
Hunt,tr
—
Deed Of Trust
related
$1,650,000 · Ironstone 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.
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