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Property profile & analytics
OFF-MARKET
Estimated value
$4,765,000
Turn key restaurants
2780 State St 88 Carlsbad, CA 92008-1628
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-9755168
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1948
Total area
2,160 SF
Lot
0.1 ac (4,444 SF)
Zoning code
COMMERCIAL
APN
203-181-03-00
UPID
US09-9755168
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
-
Mas Fina Cantina Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.77M
Owner & transaction history
Carlsbad One LLC · 3 yrs held
Carlsbad One LLC
since 2023
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+150.6%
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
$4,605,000
ML approach
$4,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,550,000
Change: +151% · Conversion: Easy
Blend value · Realmo final
$4.77M
Range $4.29M – $5.24M · ±10% · vs last sale $6.67M (Apr 11 2023)
Last sale anchor
$6.67M
Apr 11 2023
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
$2,206 / 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
$11,984
Tax year 2024
Assessed value
$1,114,290
Assessed 2024
Previous assessed
$1,114,290
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,020,000
Assessed improvement
$94,290
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1948
Heating
NONE
Units
1
Total area
2,160 SF
Lot
0.1 ac (4,444 SF)
Zoning code
COMMERCIAL
APN
203-181-03-00
UPID
US09-9755168
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$3.6M
COMMERCIAL (GENERAL)
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
1948
Heating
NONE
Units
1
Lot
0.1 ac
Current owner
From public records · entity-resolved
Carlsbad One LLC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 594, SOLANA BEACH, CA 92075-0594
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
$6,667,500
Carlsbad One LLC
Donna Doyle
Grant Deed
—
Dec 21, 2022
—
Donald K Dewhurst
Mckellar Mcgowan LLC
Quit Claim Deed
related
—
Sep 12, 2018
—
Owner Name Unavailable
Lael J Dewhurst
Affidavit Of Death
related
—
Jun 29, 2016
—
Donald K Dewhurst
—
Deed
related
$625,000 · Bofi Federal Bank
Sep 20, 2004
—
Dewhurst Family Trust
Donald K Dewhurst
Quit Claim Deed
related
—
Sep 15, 2004
—
Dewhurst,donald K & Lael J
Dewhurst Family Trust
Quit Claim Deed
related
$560,000 · Community Commerce Bk
May 21, 1999
—
Donald K Etal Dewhurst
Dewhurst,donald K Etal
Quit Claim Deed
related
—
May 22, 1979
$72,500
Dewhurst Trust
—
Grant Deed
related
$8,500
—
—
Dewhurst Trust
—
Deed Of Trust
related
$400,000 · Life Savings Bank
—
—
Donald Dewhurst
—
Deed Of Trust
related
$420,000 · Rancho Bernardo Bank
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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