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Property profile & analytics
FOR SALE
Manufacturing properties
2261 Rutherford Rd Carlsbad, CA 92008
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9769313
For Sale
1 / 12
$5,950,000
2261 Rutherford Rd, Carlsbad, CA 92008
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1984
Total area
21,088 SF
Lot
1.55 ac (67,518 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-061-21-00
UPID
US09-9769313
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
-
I Hate Computers Computer & Electronic Repair
-
American Lithium Energy Corp. Industrial Manufacturer Production Facility
-
Grand Slam Direct Video Editing Service Video Production Service
-
Miracle Hair Corporate Office
-
ER Mall Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.77M
CAP Approach
CAP
$4.03M
Comparable Approach
Comparable
$7.97M
Blend (final)
Blend
$6.38M
Owner & transaction history
2401 2405 Dogwood Way LLC · 4 yrs held
2401 2405 Dogwood Way LLC
since 2021
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.0M
+69.8%
Office building
$9.0M
+53.3%
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
$6,330,000
ML approach
$6,765,000
CAP Approach
CAP Return
Estimation
6%
$4,360,000
6.5%
$4,025,000
7%
$3,735,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,895,000
Current use
MEDICAL BUILDING
$10,010,000
Change: +70% · Conversion: Difficult
OFFICE BUILDING
$9,035,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$6.38M
Range $5.74M – $7.01M · ±10% · vs last sale $6.20M (Dec 22 2021)
Last sale anchor
$6.20M
Dec 22 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
$302 / 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
$68,815
Tax year 2024
Assessed value
$6,450,480
Assessed 2024
Previous assessed
$6,450,480
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$3,121,200
Assessed improvement
$3,329,280
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 Sale
Year built
1984
Heating
NONE
Units
1
Total area
21,088 SF
Lot
1.55 ac (67,518 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-061-21-00
UPID
US09-9769313
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
$5.9M
MEDICAL BUILDING
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.0M
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
1.55 ac
Current owner
From public records · entity-resolved
2401 2405 Dogwood Way LLC
Entity
Mailing address
17 TIDEMARK, LAGUNA NIGUEL, CA 92677-4235
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2021
$6,200,000
2401 2405 Dogwood Way LLC
Rob Albert
Grant Deed
$3,850,000 · Virginia Surety Company INC
Aug 26, 2011
$2,032,500
Rob Albert
Realnor Properties INC
Grant Deed
—
Dec 30, 2010
$2,500,000
Realnor Properties INC
First American Title Ins
Trustees Deed
related
—
Dec 14, 2007
—
Ceg I Rutherford LLC
Callaway Golf Co
Grant Deed
$2,800,000 · Northern Trust NA
Sep 2, 1998
$1,470,000
Callaway Golf Co
Johnson,dwight N & Donna D
Grant Deed
—
—
—
Dwight N Johnson
—
Deed Of Trust
related
$140,000 · Bank Of San Diego
—
—
Dwight N Johnson
—
Deed Of Trust
related
$1,052,000 · Bank Of San Diego
—
—
Dwight N Johnson
—
Deed Of Trust
related
$524,000 · Bank Of San Diego
—
—
Dwight N Johnson
—
Deed Of Trust
related
$255,000 · Bank Of San Diego
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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