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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3044 State St Carlsbad, CA 92008-2339

    • Apartment buildings
    • 3,598 SF
    • 0.28 lot acres
    OFF-MARKET
    Last Sale
    Oct 29, 2021
    $3,700,000
    Value Estimations
    $3,575,000
    Show details
    Cap Rate Potential
    2%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-9788431
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Villagio Carlsbad Cottages / Hotel
    • Paige Riley / Jewelry Designer

    Property Details for 3044 State St

    Lot size
    0.28 lot acres
    Property size
    3,598 SF
    Zone code
    COMMERCIAL
    Property type
    Apartment buildings
    APN
    203-297-04-00
    APU
    2032970400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,500,000
      ML approach
      $3,405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,936,000
      Market price range: $1.20M - $3.94M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,910,000
      NEIGHBORHOOD: SHOPPING CENTER
      $3,240,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    San Diego
    State
    California
    Longitude
    -117.348
    Latitude
    33.1592
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $40,992
    $3,329,280
    $520,200
    $3,849,480
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.23 Acres

      2720 Roosevelt St

      APARTMENT HOUSE (5+ UNITS) • 0.23 Acres
      2720 Roosevelt St, Carlsbad, CA 92008-1665
      View Details
    • Value Estimation by Request
      2.06 Acres

      Gdn Hl Loop

      APARTMENT HOUSE (5+ UNITS) • 2.06 Acres
      Gdn Hl Loop, Carlsbad, CA 92008
      View Details
    • Value Estimation
      $3,300,000
      17,160 SF

      3330 Harding St, Unit 36

      APARTMENT HOUSE (5+ UNITS) • 17,160 SF
      3330 Harding St, Carlsbad, CA 92008-2425
      View Details
    • Value Estimation
      $14,795,000
      54,168 SF

      2601 Jefferson St

      APARTMENT HOUSE (5+ UNITS) • 54,168 SF
      2601 Jefferson St, Carlsbad, CA 92008-1432
      View Details
    • Value Estimation
      $3,640,000
      19,878 SF

      2730 Jefferson St

      APARTMENT HOUSE (5+ UNITS) • 19,878 SF
      2730 Jefferson St, Carlsbad, CA 92008-1710
      View Details
    • Value Estimation
      $3,905,000
      22,152 SF

      673 Magnolia Ave, Unit 87

      APARTMENT HOUSE (5+ UNITS) • 22,152 SF
      673 Magnolia Ave, Carlsbad, CA 92008-3090
      View Details

    Similar Nearby for Sale

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      Carlsbad Residential Income Opportunity

      Vintage home with ADU and JADU near the beach.
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      Carlsbad Estate with Ocean Views

      Carlsbad estate featuring a main residence, guest house, and ADU.
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      Coastal 4-Plex Investment Opportunity

      Rare coastal 4-plex near the beach with income potential.
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      Carlsbad Luxury Land Development Opportunity

      Ocean View Residential Land in Carlsbad, CA
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    • Contact for pricing
      5.64 Acres

      Carlsbad Land: 5.64 Acres

      Prime Carlsbad development land, ocean views.
      0 Hemingway Dr, Carlsbad, CA 92008
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo

      Oceanfront Townhome with Sunset Views

      Stylish Carlsbad townhome steps from the beach with ocean views.
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      View Details
    • $23 SF/Yr
      17,056 SF

      Genesis Corporate Center: Carlsbad Office Space

      Prestigious Carlsbad office building; 9,104 SF available.
      5938 Priestly Dr, Carlsbad, CA 92008
      View Details
    • $42 SF/Yr
      2,540 SF

      Carlsbad Village Office Suites

      Prime Carlsbad Office Space, 3 Suites Available
      1241 Carlsbad Village Dr, Carlsbad, CA 92008
      View Details
    • $2 SF/Yr
      39,798 SF

      Carlsbad Creative Office & Warehouse

      Prime Carlsbad location, flexible space available.
      2231 Rutherford Rd, Carlsbad, CA 92008
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    • $36 SF/Yr
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      Carlsbad Office Building For Sale

      Prime Carlsbad location, multiple suites available.
      1207 Carlsbad Village Dr, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      2,800 SF

      Carlsbad Flex Space For Rent

      Flexible coastal location designed for tech and creative users.
      5421 Avenida Encinas, Carlsbad, CA 92008
      View Details
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    3044 State St
    Carlsbad, CA 92008-2339
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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