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Property profile & analytics
OFF-MARKET
Estimated value
$18,420,000
Retail space
1921 Palomar Oaks Way 25 Carlsbad, CA 92008-6523
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9769431
Property summary
AI-generated overview
The Plaza I & II offers 95,067 square feet of Class A executive office space in two buildings located at 1921 & 1925 Palomar Oaks Way, Carlsbad, CA 92008, within San Diego County. Built in 1988, this park-like setting provides a desirable work environment. The property features a total of 9 suites, with spaces ranging from a minimum of 1,175 square feet to a maximum contiguous space of 6,398 square feet. Currently, 17,900 square feet of space is vacant and available for lease. The complex boasts ample parking with a 4.0 spaces per 1,000 square feet ratio. Its convenient location offers easy access to Palomar Airport Road and is approximately 2 miles east of Interstate 5, providing excellent connectivity. The surrounding area is rich with retail, recreational, and entertainment options, including beach access approximately 2.5 miles away. This prime location in the thriving North San Diego County employment hub, situated between Orange County and downtown San Diego, makes it an ideal location for businesses seeking to attract and retain top talent. The property incorporates energy-saving features designed to enhance productivity and contribute to a positive bottom line.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1989
Total area
92,227 SF
Lot
5.19 ac (226,076 SF)
Zoning code
COMMERCIAL
APN
212-091-18-00
UPID
US09-9769431
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
-
The Tru Allied Team - Fairway Independent Mortgage Corp. Loan Service Bank
-
Centauri (Bike/Boat/Book/etc) Store Corporate Office
-
Client Rated Firm Law Firm
-
Aviara Master Association Association / Organization
-
National Search Associates Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$25.48M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$18.42M
Owner & transaction history
Mcs Palomar Oaks Fh LLC · 3 yrs held
Mcs Palomar Oaks Fh LLC
since 2022
Last sale
$18.9M
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
Method
Estimation
Statistic approach
$18,755,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$27,600,000
6.5%
$25,475,000
7%
$23,655,000
Blend value · Realmo final
$18.42M
Range $16.58M – $20.26M · ±10% · vs last sale $18.85M (Nov 10 2022)
Last sale anchor
$18.85M
Nov 10 2022
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
$200 / 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
$204,993
Tax year 2024
Assessed value
$19,227,000
Assessed 2024
Previous assessed
$19,227,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$11,220,000
Assessed improvement
$8,007,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1989
Heating
NONE
Units
1
Total area
92,227 SF
Lot
5.19 ac (226,076 SF)
Zoning code
COMMERCIAL
APN
212-091-18-00
UPID
US09-9769431
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
1989
Heating
NONE
Units
1
Lot
5.19 ac
Current owner
From public records · entity-resolved
Mcs Palomar Oaks Fh LLC
Entity
Mailing address
990 HIGHLAND DR STE #200, SOLANA BEACH, CA 92075-2427
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Nov 10, 2022
$18,850,000
Mcs Palomar Oaks Fh LLC
Brookwood Pacific Office I LLC
Grant Deed
$8,000,000 · Wells Fargo Bank NA
Nov 12, 2021
—
Brookwood Pacific Office I LLC
—
Deed
related
$500,000 · Western Alliance Bank
Jun 26, 2015
$16,700,000
Brookwood Pacific Office I LLC
Cognac Plaza LLC
Grant Deed
—
Jan 18, 2006
$11,133,000
Cognac Plaza LLC
Prentiss Props Acquisition Ptr
Grant Deed
—
Feb 5, 1998
$13,850,000
Prentiss Properties Acquistion
Jjb Land Co
Grant Deed
—
Jan 27, 1998
—
Jjb Land Co LLC
Brouwer,jacob Etal
Grant Deed
related
—
Jul 3, 1990
$15,000,000
Q P One Corp
Unknown
Grant Deed
—
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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