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Property profile & analytics
OFF-MARKET
Estimated value
$1,530,000
Retail space
2725 State St 27 Carlsbad, CA 92008-1629
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-9753705
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
8,347 SF
Lot
0.25 ac (10,892 SF)
Zoning code
COMMERCIAL
APN
203-054-03-00
UPID
US09-9753705
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
-
Serclean | Mold Removal Carlsbad CA Home Inspector Water Damage Restoration Service
-
North Coast Auto Glass Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Formosa Mold Removal & Remediation Carlsbad CA Hardware & Home Improvement Construction Company
-
Campfire Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.69M
Blend (final)
Blend
$1.53M
Owner & transaction history
Ten7six Leucadia LLC · 5 yrs held
Ten7six Leucadia LLC
since 2021
7 recorded transactions
Zoning & alternative use
COMMERCIAL · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.53M
Range $1.38M – $1.68M · ±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
$183 / 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
$45,637
Tax year 2024
Assessed value
$4,265,216
Assessed 2024
Previous assessed
$4,265,216
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,734,114
Assessed improvement
$1,531,102
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Units
1
Total area
8,347 SF
Lot
0.25 ac (10,892 SF)
Zoning code
COMMERCIAL
APN
203-054-03-00
UPID
US09-9753705
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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
0.25 ac
Current owner
From public records · entity-resolved
Ten7six Leucadia LLC
Entity
Mailing address
PO BOX 231594, ENCINITAS, CA 92023-1594
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2021
—
Ten7six Leucadia LLC
Keith Harrison
Grant Deed
$1,000,000 · First Republic Bank
May 22, 2019
$3,900,000
Keith Harrison
Quonset Development LLC
Grant Deed
$2,000,000 · San Diego County Cu
Oct 7, 2014
$1,275,000
Quonset Development LLC
Dorin K Martin
Grant Deed
$1,783,363 · C3 Capital LLC
Feb 19, 2013
—
Dorin K Martin
Martin Dorin & Billie Trust
Quit Claim Deed
related
—
Jun 22, 2012
—
Nelson George J Veterans Trust
Nelson George J Trust
Quit Claim Deed
related
—
Apr 24, 2012
—
George J Nelson
Nelson,george J & Martha L
Quit Claim Deed
related
—
Sep 16, 2010
—
George J Nelson
Nelson,george J & Martha L
Quit Claim Deed
related
—
May 14, 2010
—
George J Nelson
Nelson,george J & Martha L
Quit Claim Deed
related
—
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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