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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Warehouses
2405 Cougar Dr Carlsbad, CA 92010-8800
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0023100
Property profile
Verified
Property type
Warehouses
Use group
BULK STORAGE, TANKS
Total area
83,712 SF
Lot
1.48 ac (64,468 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
209-040-42-00
UPID
US10-0023100
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
-
West Coast Self-Storage Carlsbad Storage Facility
-
U-Haul Neighborhood Dealer Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$955k
Owner & transaction history
Nwb Carlsbad LLC · 8 yrs held
Nwb Carlsbad LLC
since 2018
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)
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
by Request
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10%
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
$11 / 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
$123,548
Tax year 2024
Assessed value
$11,605,110
Assessed 2024
Previous assessed
$11,605,110
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$1,999,269
Assessed improvement
$9,605,841
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
Warehouses
Use group
BULK STORAGE, TANKS
Status
Off-Market
Heating
NONE
Units
1
Total area
83,712 SF
Lot
1.48 ac (64,468 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
209-040-42-00
UPID
US10-0023100
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
Heating
NONE
Units
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Nwb Carlsbad LLC
Entity
Mailing address
808 134TH ST SW STE #211, EVERETT, WA 98204-2300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
—
Nwb Carlsbad LLC
—
Deed
related
$36,000,000 · Nationwide Life And Annuity Insurance Co
Jan 5, 2018
$1,600,000
Nwb Carlsbad LLC
Land Dev LLC
Grant Deed
—
Nov 14, 2017
—
Land Dev LLC
—
Deed
related
$1,200,000 · Hornbuckle Family Trust (pt)
Dec 23, 2014
—
Land Dev LLC
Tycoon Dev Corp
Grant Deed
related
—
Nov 23, 1998
$380,000
Solomon Levy
Lister Trust
Grant Deed
$190,000 · Grossmont Bank
—
—
Tycon Development Corp
—
Deed Of Trust
related
$330,000 · Home Bank Of California
—
—
Land Dev LLC
—
Deed Of Trust
related
$1,200,000 · Hornbuckle Family Trust (pt)
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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