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Property profile & analytics
OFF-MARKET
Estimated value
$8,455,000
Manufacturing properties
2151 Las Palmas Dr Carlsbad, CA 92011-1525
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9737488
Property summary
AI-generated overview
This exceptional multi-tenant flex building, located at 2151 Las Palmas Drive in San Diego County, offers a fantastic leasing opportunity. The property totals 31,387 square feet and currently has 5,575 square feet of immediately available space. Built in 1981, this well-maintained building boasts a desirable 18-foot warehouse clear height, ideal for various industrial and flex uses. The property features one drive-in door for convenient loading and unloading. Ample parking is provided with a 2.1 parking spaces per 1,000 square feet ratio, ensuring sufficient space for employees and clients. The property is classified as Office, Industrial and is suitable for multiple tenants. This is a rare opportunity to secure high-quality flex space in a prime San Diego location. The available space presents a unique chance to establish or expand your business in a well-equipped and strategically located building. Don't miss out on this exceptional opportunity. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1983
Total area
31,822 SF
Lot
2.06 ac (89,733 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-050-32-00
UPID
US09-9737488
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
-
LPGE Electrical & Telecomm General Contractor
-
DBI Capital Consultant
-
Ignite Strength and Conditioning Gym & Fitness Center
-
Quiverr Advertising Agency Marketing & Advertising
-
Jensen Cabinet & Supply General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.17M
CAP Approach
CAP
$6.07M
Comparable Approach
Comparable
$8.72M
Blend (final)
Blend
$8.46M
Owner & transaction history
Street Properties INC · 4 yrs held
Street Properties INC
since 2021
Last sale
$8.4M
6 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$13.6M
+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
$8,580,000
ML approach
$8,165,000
CAP Approach
CAP Return
Estimation
6%
$6,580,000
6.5%
$6,070,000
7%
$5,640,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,900,000
Current use
OFFICE BUILDING
$13,635,000
Change: +98% · Conversion: Difficult
Blend value · Realmo final
$8.46M
Range $7.61M – $9.30M · ±10% · vs last sale $8.40M (Nov 12 2021)
Last sale anchor
$8.40M
Nov 12 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
$266 / 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
$93,672
Tax year 2024
Assessed value
$8,739,360
Assessed 2024
Previous assessed
$8,739,360
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$5,618,160
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
31,822 SF
Lot
2.06 ac (89,733 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-050-32-00
UPID
US09-9737488
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
$6.9M
OFFICE BUILDING
Est. value
$13.6M
INDUSTRIAL (GENERAL) Current
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
2.06 ac
Current owner
From public records · entity-resolved
Street Properties INC
Entity
Mailing address
860 IS AVE, SAN DIEGO, CA 92101-7127
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 12, 2021
$8,400,000
Street Properties INC
White Orca LLC
Grant Deed
$3,700,000 · Business Financial Center
May 30, 2017
—
White Orca LLC
Heritage Crossings LLC
Quit Claim Deed
—
Feb 14, 2017
$4,600,000
Heritage Crossings LLC
Las Palmas Industrial Park Investor
Grant Deed
$2,925,000 · Jpmorgan Chase Bank NA
Jul 8, 2011
$3,250,000
Las Palmas Industrial Park Investor
Las Palmas Industrial Park Associat
Grant Deed
$2,100,000 · Jefferies Loancore LLC
Jun 18, 1999
$2,035,000
Palmas Industrial Park Las
Suunto INC
Grant Deed
$1,605,000 · First National Bank
—
—
Palmas Industrial Park Las
—
Deed Of Trust
related
$2,150,000 · Bank Of Escondido
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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