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Property profile & analytics
OFF-MARKET
Estimated value
$9,280,000
Manufacturing properties
2070 Las Palmas Dr Carlsbad, CA 92011-1518
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9770663
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
32,506 SF
Lot
2.12 ac (92,347 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-061-14-00
UPID
US09-9770663
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
-
Entos Pharmaceuticals US Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.52M
CAP Approach
CAP
$6.20M
Comparable Approach
Comparable
$8.91M
Blend (final)
Blend
$9.28M
Owner & transaction history
Aa U Stor M Of Upland LLC · 3 yrs held
Aa U Stor M Of Upland LLC
since 2023
Last sale
$11.9M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.4M
+118.9%
Office building
$13.9M
+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
$11,705,000
ML approach
$9,520,000
CAP Approach
CAP Return
Estimation
6%
$6,720,000
6.5%
$6,200,000
7%
$5,760,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,050,000
Current use
MEDICAL BUILDING
$15,425,000
Change: +119% · Conversion: Difficult
OFFICE BUILDING
$13,925,000
Change: +98% · Conversion: Difficult
Blend value · Realmo final
$9.28M
Range $8.35M – $10.21M · ±10% · vs last sale $11.85M (Mar 10 2023)
Last sale anchor
$11.85M
Mar 10 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
$285 / 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
$129,266
Tax year 2024
Assessed value
$12,087,000
Assessed 2024
Previous assessed
$12,087,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$5,100,000
Assessed improvement
$6,987,000
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
1983
Heating
NONE
Units
1
Total area
32,506 SF
Lot
2.12 ac (92,347 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-061-14-00
UPID
US09-9770663
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
$7.1M
MEDICAL BUILDING
Est. value
$15.4M
OFFICE BUILDING
Est. value
$13.9M
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
1983
Heating
NONE
Units
1
Lot
2.12 ac
Current owner
From public records · entity-resolved
Aa U Stor M Of Upland LLC
Entity
Mailing address
973 E BADILLO ST STE A, COVINA, CA 91724-2947
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2023
$11,850,000
Aa U Stor M Of Upland LLC
Anya Holdings LLC
Grant Deed
$5,925,000 · Symetra Life Insurance Co
Sep 2, 2021
$6,000,000
Anya Holdings LLC
Lloyd H Wells
Grant Deed
$4,200,000 · Banner Bank
Jul 27, 2011
$3,030,000
Wells Lloyd Trust
Levine Family Trust
Grant Deed
—
Mar 12, 2010
—
Levine Family Trust
—
Deed Of Trust
related
$1,075,000 · California Bank & Trust
Jun 9, 1995
$1,110,500
Levine Trust
Williams Trust
Grant Deed
related
$500,000 · Seller
—
—
Jack K Williams
—
Deed Of Trust
related
$425,000 · Scripps Bank
—
—
Levine Family Trust
—
Deed Of Trust
related
$799,999 · California Bank & Trust
—
—
Wells,lloyd Trust
—
Deed Of Trust
related
$10,000,000 · Bank Of The West
—
—
Levine,tr
—
Deed Of Trust
related
$938,000 · Torrey Pines Bank
—
—
Levine Family Trust
—
Deed Of Trust
related
$800,000 · California Bank & Trust
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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