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Property profile & analytics
OFF-MARKET
Industrial properties
1932 Kellogg Ave Carlsbad, CA 92008-6581
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9769311
Property summary
AI-generated overview
This exceptional 7,525-square-foot flex building, situated on a 0.42-acre lot (18,295 square feet), presents a unique opportunity in Carlsbad's I-5 Corridor. Built in 1998, the two-story structure features two suites, with 4,837 square feet currently vacant. The available space boasts a 20-foot ceiling height, ideal for various uses. Convenient features include one drive-in door and ample parking with 12 spaces. The building benefits from a 400 amp, 3-phase power supply. While there are no elevators or loading docks, the property's recent renovations include a glass-lined conference room and three private offices within the open office space. The entire building is climate-controlled via HVAC. The property is located within a secure business park and is zoned P-M. The building's floor area ratio (FAR) is 0.41. This versatile space is perfect for businesses seeking a blend of office and warehouse functionality in a prime Carlsbad location. The property identification number (APN) is 212-170-04.
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1998
Total area
7,525 SF
Lot
0.47 ac (20,387 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-170-04-00
UPID
US09-9769311
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
-
Instant Debt Relief Bank Credit Union
-
DG Funding Loan Service Bank
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
Elor Holdings Company LLC · 1 yrs held
Elor Holdings Company LLC
since 2025
Last sale
$2.5M
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
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
$16,103
Tax year 2024
Assessed value
$1,506,440
Assessed 2024
Previous assessed
$1,506,440
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$675,485
Assessed improvement
$830,955
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1998
Heating
NONE
Units
1
Total area
7,525 SF
Lot
0.47 ac (20,387 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-170-04-00
UPID
US09-9769311
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.
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Units
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
Elor Holdings Company LLC
Entity
Mailing address
1541 TURQUOISE DR, CARLSBAD, CA 92011-1237
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
$2,525,000
Elor Holdings Company LLC
Dg Real Estate Holdings LLC
Grant Deed
$1,262,500 · Bank Of America NA
May 22, 2025
—
Elor Holdings Company LLC
—
Deed
related
$1,039,000 · California Statewide Certified Dev Corp
May 19, 2020
$1,405,000
Dg Real Estate Holdings LLC
Blue Dolphin LLC
Grant Deed
$1,176,500 · Wells Fargo Bank NA
Oct 30, 2019
—
Blue Dolphin LLC
—
Deed
related
$525,000 · Sea Pointe Partners INC
Oct 30, 2018
$973,000
Blue Dolphin LLC
Shaka Zulu LLC
Grant Deed
$473,000 · Shaka Zulu LLC
Mar 2, 2010
—
Shaka Zulu LLC
Giacomini Family Trust
Quit Claim Deed
related
—
Jun 13, 2008
$350,000
Giacomini Family Trust
Action Foreclosure Svcs
Trustees Deed
related
—
Feb 18, 2005
—
Life Properties LLC
Life Properties LLC
Quit Claim Deed
related
$800,000 · Discovery Bank
Oct 8, 1997
$377,500
Limousine La Costa
Home For Industry
Grant Deed
$340,000 · First National Bank North Coun
—
—
Shaka Zulu LLC
—
Deed Of Trust
related
$250,000 · La Jolla Bank
—
—
Blue Dolphin LLC
—
Deed Of Trust
related
$525,000 · Sea Pointe Partners INC
—
—
Life Properties LLC
—
Deed Of Trust
related
$386,100 · Discovery Valley Bank
—
—
Life Properties LLC
—
Deed Of Trust
related
$696,000 · Bank Of America
—
—
Life Properties LLC
—
Deed Of Trust
related
$308,700 · Discovery Valley 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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