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Property profile & analytics
OFF-MARKET
Estimated value
$9,880,000
Warehouses
1939 Palomar Oaks Way Carlsbad, CA 92011-1311
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7045165
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
18,787 SF
Lot
2.07 ac (90,169 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-091-07-00
UPID
US09-7045165
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
-
Centricity Vision, Inc. Production Facility
-
Cbre Real Estate Agency
-
RAEN Industrial Manufacturer Production Facility
-
Mynosys Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.80M
Blend (final)
Blend
$9.88M
Owner & transaction history
Dollinger Palomar Oaks LLC · 4 yrs held
Dollinger Palomar Oaks LLC
since 2021
Last sale
$9.4M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.3M
+131.4%
Retail stores
$10.4M
+95.6%
Apartment house (5+ units)
$9.9M
+86.8%
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
$11,500,000
ML approach
$11,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$12,320,000
Change: +131% · Conversion: Difficult
RETAIL STORES
$10,415,000
Change: +96% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$9,945,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$8,915,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$8,050,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$9.88M
Range $8.89M – $10.87M · ±10% · vs last sale $9.37M (Aug 3 2021)
Last sale anchor
$9.37M
Aug 3 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
$526 / 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
$52,914
Tax year 2024
Assessed value
$4,941,900
Assessed 2024
Previous assessed
$4,941,900
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,340,900
Assessed improvement
$2,601,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Heating
NONE
Units
1
Total area
18,787 SF
Lot
2.07 ac (90,169 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-091-07-00
UPID
US09-7045165
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
RESTAURANT
Est. value
$12.3M
RETAIL STORES
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.9M
MEDICAL BUILDING
Est. value
$8.9M
OFFICE BUILDING
Est. value
$8.1M
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
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
1989
Heating
NONE
Units
1
Lot
2.07 ac
Current owner
From public records · entity-resolved
Dollinger Palomar Oaks LLC
Entity
Mailing address
555 TWIN DOLPHIN DR STE #600, REDWOOD CITY, CA 94065-2130
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2021
$9,373,000
Dollinger Palomar Oaks LLC
Palomar I LLC
Grant Deed
$10,020,000 · Wilmington Trust NA
Aug 15, 2017
$16,700,000
Palomar I LLC
Palomar Creative LLC
Grant Deed
related
$10,020,000 · Citi R/e Fndg INC
Jun 11, 2015
$13,504,000
Palomar Creative LLC
Palomar Blc LLC
Grant Deed
related
$14,625,000 · Rait Ptshp
Mar 19, 2012
—
Palomar Blc LLC
Trs Palomar Oaks LLC
Quit Claim Deed
related
$12,400,000 · Wells Fargo Bk
Dec 21, 2011
$15,825,000
Palomar Oaks LLC Tr
Arden Realty LP
Grant Deed
—
Aug 14, 2007
$41,500,000
Arden Realty
Palomar Oaks LLC
Grant Deed
—
Aug 14, 2006
—
Palomar Oaks LLC
Carramerica Realty Operating
Grant Deed
related
—
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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