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Property profile & analytics
OFF-MARKET
Estimated value
$5,655,000
Manufacturing properties
1989 Palomar Oaks Way Carlsbad, CA 92011-1318
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-9737478
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Total area
19,490 SF
Lot
1.02 ac (44,431 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-092-23-00
UPID
US09-9737478
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
-
Bemer Group USA Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.59M
CAP Approach
CAP
$3.72M
Comparable Approach
Comparable
$5.34M
Blend (final)
Blend
$5.66M
Owner & transaction history
Versum Materials Us LLC · 3 yrs held
Versum Materials Us LLC
since 2023
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.3M
+118.9%
Office building
$8.4M
+97.6%
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
$5,630,000
ML approach
$5,585,000
CAP Approach
CAP Return
Estimation
6%
$4,030,000
6.5%
$3,720,000
7%
$3,455,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,225,000
Current use
MEDICAL BUILDING
$9,250,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$8,350,000
Change: +98% · Conversion: Difficult
Blend value · Realmo final
$5.66M
Range $5.09M – $6.22M · ±10% · vs last sale $5.70M (Feb 21 2023)
Last sale anchor
$5.70M
Feb 21 2023
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
$290 / 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
$62,049
Tax year 2024
Assessed value
$5,814,000
Assessed 2024
Previous assessed
$5,814,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,040,000
Assessed improvement
$3,774,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1984
Heating
NONE
Units
1
Total area
19,490 SF
Lot
1.02 ac (44,431 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-092-23-00
UPID
US09-9737478
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$9.3M
OFFICE BUILDING
Est. value
$8.4M
INDUSTRIAL (GENERAL) Current
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
1984
Heating
NONE
Units
1
Lot
1.02 ac
Current owner
From public records · entity-resolved
Versum Materials Us LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1989 PALOMAR OAKS WAY STE A, CARLSBAD, CA 92011-1319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2023
$5,700,000
Versum Materials Us LLC
Bemer USA LLC
Grant Deed
—
Mar 30, 2017
$2,585,000
Bemer USA LLC
Rm-use LLC
Grant Deed
—
May 13, 2016
$2,100,000
Rm Use LLC
Undershaft & Lazarus LLC
Grant Deed
$1,617,750 · North Island Financial Cu
Jun 2, 1999
$2,087,500
Victor Vitlin
Chick,robert L & Patricia A
Grant Deed
—
Aug 13, 1996
$1,450,000
Robert L Chick
Kawabe Enterprises LP
Grant Deed
$1,087,500 · First National Bank North Coun
Oct 24, 1990
$1,500,000
Kawabe Enterprises
Unknown
Grant Deed
—
—
—
Kawabe Enterprises
—
Deed Of Trust
related
$300,000 · Individual
—
—
Kawabe Enterprises
—
Deed Of Trust
related
$600,000 · Rancho Santa Fe Bank
—
—
Kawabe Enterprises LP
—
Deed Of Trust
related
$175,000 · Individual
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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