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Property profile & analytics
OFF-MARKET Estimated value $1,445,000
Super regional malls

2559 El Camino Real Carlsbad, CA 92008-1202

9,999 SF 0.83 ac lot Built 1980
Entity Owned 11-yr Hold Absentee Owner Free & Clear
Property ID
US09-9753376
Property summary
AI-generated overview

This exceptional 117,757-square-foot retail property, situated at 2559 El Camino Real in Carlsbad, California, presents a compelling investment opportunity. Built in 1970 and renovated in 2000, this former Macy's Furniture Gallery within The Shoppes at Carlsbad offers significant value-add potential. The property benefits from a highly visible location with excellent accessibility, boasting heavy foot traffic and superior demographics. Its prime position within a thriving retail node, just off the SR-78 (120,000 vehicles per day) and I-5 (213,085 vehicles per day) freeways, ensures exceptional visibility and convenient access for customers. The surrounding area includes a portfolio of high-volume retailers, further enhancing the property's appeal. This expansive space presents a unique chance for redevelopment, capitalizing on the strong existing infrastructure and advantageous location within San Diego County's commercial hub. The property's size and location make it ideal for a variety of retail uses, offering a substantial return on investment for the right buyer. The zip code is 92008.

Property profile
Verified
Property type Super regional malls
Use group REGIONAL SHOPPING CENTER, MALL
Year built 1980
Total area 9,999 SF
Lot 0.83 ac (36,154 SF)
Zoning code COMMERCIAL
APN 156-302-26-00
UPID US09-9753376
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
  • Gold Coffee Shop Cafe & Coffee Shop
  • LensCrafters at Macy's (Bike/Boat/Book/etc) Store
  • Sunglass Hut at Macy's (Bike/Boat/Book/etc) Store
  • MAC Cosmetics Cosmetic Store
  • Finish Line (located inside Macy's) (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.45M
Owner & transaction history
Msc LLC · 11 yrs held
Msc LLC
since 2014
4 recorded transactions
2014
$13.8M
2014
Price N/A
2011
$5.5M
2011
Price N/A
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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