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Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Medical Office Space
2879 Hope Ave 85 Carlsbad, CA 92008-1833
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9768996
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1968
Total area
1,456 SF
Lot
0.16 ac (6,847 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
203-202-13-00
UPID
US09-9768996
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
-
Drew Addy, DDS Dental Office
-
Dr. Tod Bowman Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.82M
Owner & transaction history
Chosen Wise Properties LLC · 3 yrs held
Chosen Wise Properties LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
RESTRICTED COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+246.2%
Neighborhood: shopping center
$1.3M
+89.9%
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
$2,315,000
ML approach
$2,055,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,390,000
Change: +246% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,310,000
Change: +90% · Conversion: Difficult
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±10% · vs last sale $1.81M (Apr 24 2023)
Last sale anchor
$1.81M
Apr 24 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
$1,247 / 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
$19,748
Tax year 2024
Assessed value
$1,846,200
Assessed 2024
Previous assessed
$1,846,200
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,734,000
Assessed improvement
$112,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1968
Heating
NONE
Units
1
Bathrooms
2
Total area
1,456 SF
Lot
0.16 ac (6,847 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
203-202-13-00
UPID
US09-9768996
Jurisdiction
SAN DIEGO
Zoning & alternative use
RESTRICTED COMMERCIAL · Carlsbad, CAZoning RESTRICTED COMMERCIAL · permitted uses
RESTRICTED COMMERCIAL · Carlsbad, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.3M
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1968
Heating
NONE
Units
1
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Chosen Wise Properties LLC
Entity
Mailing address
3144 EL CAMINO REAL STE #104, CARLSBAD, CA 92008-2194
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
—
Chase Wise Properties LLC
—
Deed
related
$642,325 · The Huntington National Bank
Apr 24, 2023
$1,810,000
Chosen Wise Properties LLC
George Mane Soohoo
Grant Deed
—
Sep 28, 2017
—
George Mane Soohoo Revocable Trust
—
Deed
related
$20,563 · Us Bank NA
Mar 24, 2017
—
Henry Q Soohoo
Yee,hom Y
Affidavit Of Death
related
—
Oct 31, 2016
—
George M Soohoo
Soohoo Family Trust
Quit Claim Deed
related
—
Sep 14, 1999
—
Yee,hom Yuit Etal
Soohoo,henry Quong Etal
Trustees Deed
related
—
Dec 1, 1997
—
Henry Quong Etal Soohoo
Yee,hom Yuit
Grant Deed
related
—
Sep 19, 1996
$180,000
Yee,hom Y
Soohoo,george M
Trustees Deed
$155,249 · Sumitomo Bank Of California
Apr 1, 1996
—
George Mane Etal Soohoo
Soohoo,adrienne Ruth Etal
Quit Claim Deed
related
—
May 30, 1991
—
Soohoo George
Unknown
Grant Deed
related
—
—
—
Soohoo Trust
—
Deed Of Trust
related
$147,000 · Pacific Crest Bank
—
—
Soohoo,tr
—
Deed Of Trust
related
$147,000 · Us Bank NA
—
—
George M Soohoo
—
Deed Of Trust
related
$24,500 · Capital Bank NA
—
—
Hom Y Yee
—
Deed Of Trust
related
$24,750 · Individual
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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