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Property profile & analytics
FOR LEASE
Manufacturing properties
2051 Palomar Airport Rd Carlsbad, CA 92011
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9737491
For Lease
1 / 50
Contact for pricing
2051 Palomar Airport Rd, Carlsbad, CA 92011
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Property summary
AI-generated overview
This exceptional 211,805-square-foot Class A office building in Carlsbad, CA, offers a unique opportunity. Located at 2051 Palomar Airport Rd, this two-story property boasts newly renovated spaces, including a modernized common area, a two-story lobby, a full-service gym, an onsite bistro, and an expansive outdoor patio with amenities. Currently, 122,308 square feet is available for lease, divisible to a minimum of 20,718 square feet, with a maximum contiguous space of 122,308 square feet. The building features impressive specifications ideal for life science companies, including 24-foot ceiling heights, 7,000 AMPS of power (277/408v), dock and grade-level loading, and outdoor mechanical storage. Suites E & F are fully spec'd office/lab spaces, while Suites D & G are lab-ready. The property benefits from excellent visibility on Palomar Airport Road (31,831 cars daily), ample parking (4.0/1,000), and proximity to McClellan-Palomar Airport, restaurants, retail, hotels, and residential areas. Built in 1982 and extensively renovated in 2022, this property is situated in the Carlsbad submarket of San Diego County, a major life science hub. The building includes elevators and enhanced signage.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1982
Total area
9,999 SF
Lot
13.07 ac (569,329 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-050-39-00
UPID
US09-9737491
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
-
High Moon Studios (Bike/Boat/Book/etc) Store Corporate Office
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Real Capital Markets (Bike/Boat/Book/etc) Store Corporate Office
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Mindes ABC Fitness Gym & Fitness Center
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IDEX Health & Science Industrial Manufacturer Production Facility
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Carlsbad Donate Cars for Charity Association Or Organization
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
2051 Palomar Airport Road Prop Owne · 4 yrs held
2051 Palomar Airport Road Prop Owne
since 2022
Last sale
$68.0M
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)
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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
$755,833
Tax year 2024
Assessed value
$70,747,200
Assessed 2024
Previous assessed
$70,747,200
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$29,131,200
Assessed improvement
$41,616,000
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
For Lease
Year built
1982
Heating
NONE
Units
1
Total area
9,999 SF
Lot
13.07 ac (569,329 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-050-39-00
UPID
US09-9737491
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
1982
Heating
NONE
Units
1
Lot
13.07 ac
Current owner
From public records · entity-resolved
2051 Palomar Airport Road Prop Owne
Individual
Mailing address
180 SUTTER ST #400, SAN FRANCISCO, CA 94104-4007
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2022
$68,000,000
2051 Palomar Airport Road Prop Owne
Ag Sw Palomar Owner LP
Grant Deed
$71,347,500 · Tiaa Fsb Holdings INC
Dec 13, 2018
$35,025,000
Ag Sw Palomar Owner L P
Palomar Acquisition Partners LLC
Grant Deed
$40,875,000 · Pccp Credit Ix Reit Sub Holdco LLC
Mar 9, 2018
—
Palomar Acquisitions Ptrs LLC
—
Grant Deed
related
$29,750,000 · Argentic R/e Inv LLC
Dec 9, 2014
$20,665,000
Palomar Acquisitions Ptrs LLC
Jcce-palomar LLC
Grant Deed
—
Oct 6, 2005
—
Jcce Palomar LLC
Gold Pointe B LLC
Grant Deed
$19,000,000 · Greenwich Capital Financial Product
Jan 23, 2004
$23,250,000
Gold Pointe B LLC
Mg Palomar LLC
Grant Deed
$12,750,000 · Mg Palomar LLC
Dec 5, 2001
—
Mg Palomar LLC
Sunroad Palomar Partners LLC
Grant Deed
related
—
Aug 22, 1997
—
Frazee East Property
—
Grant Deed
related
$14,025 · Individual
—
—
Palomar Acquisitions Ptrs LLC
—
Deed Of Trust
related
$17,708,000 · Bank Of America
—
—
Tpd Realty Corp
—
Deed Of Trust
related
—
—
—
Tpd Realty Corp
—
Deed Of Trust
related
$8,000,000 · Hughes Aircraft Co
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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