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Property profile & analytics
OFF-MARKET
Estimated value
$27,030,000
Medical Office Space
2176 Salk Ave Carlsbad, CA 92008-7346
Individually Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7147303
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
40,655 SF
Lot
3.47 ac (151,153 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-021-01-00
UPID
US09-7147303
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
-
Dr. Jonathan Rivkin Physician
-
Scripps Medical Center: Rostow Donald MD Pediatrician Medical Clinic
-
Anthony Whitney, MD Pediatrician Physician
-
Dr. Peggy Shaffer Pediatrician Medical Clinic
-
Henna Park, DO Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.51M
Blend (final)
Blend
$27.03M
Owner & transaction history
Scripps Health · 6 yrs held
Scripps Health
since 2020
Last sale
$24.8M
3 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$36.6M
+89.9%
Restaurant
$26.7M
+38.2%
Retail stores
$23.7M
+22.9%
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
$31,120,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$19,295,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$36,630,000
Change: +90% · Conversion: Difficult
RESTAURANT
$26,655,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$23,720,000
Change: +23% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$22,815,000
Change: +18% · Conversion: Moderate
OFFICE BUILDING
$17,420,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$27.03M
Range $24.33M – $29.73M · ±10% · vs last sale $24.75M (Jul 23 2020)
Last sale anchor
$24.75M
Jul 23 2020
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
$665 / 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
$579
Tax year 2024
Assessed value
$26,264,898
Assessed 2024
Previous assessed
$26,264,898
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$8,489,664
Assessed improvement
$17,775,234
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Units
1
Total area
40,655 SF
Lot
3.47 ac (151,153 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-021-01-00
UPID
US09-7147303
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CAZoning 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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$19.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$36.6M
RESTAURANT
Est. value
$26.7M
RETAIL STORES
Est. value
$23.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.8M
OFFICE BUILDING
Est. value
$17.4M
MEDICAL BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2008
Heating
NONE
Units
1
Lot
3.47 ac
Current owner
From public records · entity-resolved
Scripps Health
Individual
Mailing address
10140 CAMPUS PT DR, SAN DIEGO, CA 92121-1520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2020
$24,750,000
Scripps Health
H G Fenton Prop Co
Grant Deed
—
Feb 8, 2019
—
H G Fenton Property Co
—
Deed
related
$20,000,000 · Mufg Union Bank NA
Jun 27, 2007
—
Fenton Investment Capital LLC
Fenton Carlsbad Research Ctr
Quit Claim Deed
—
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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