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Property profile & analytics
OFF-MARKET
Estimated value
$5,095,000
Manufacturing properties
3198 Lionshead Ave Carlsbad, CA 92010-4701
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-8107852
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2007
Total area
18,085 SF
Lot
1.34 ac (58,370 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
221-881-12-00
UPID
US09-8107852
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
-
Adams Magnetic Products Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.45M
Comparable Approach
Comparable
$4.74M
Blend (final)
Blend
$5.10M
Owner & transaction history
Gg Property Management LLC
Gg Property Management LLC
since 2025
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.8M
+67.2%
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%
$3,740,000
6.5%
$3,450,000
7%
$3,205,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,635,000
Current use
OFFICE BUILDING
$7,750,000
Change: +67% · Conversion: Difficult
Blend value · Realmo final
$5.10M
Range $4.59M – $5.60M · ±10% · vs last sale $6.10M (May 11 2025)
Last sale anchor
$6.10M
May 11 2025
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
$282 / 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
$47,395
Tax year 2024
Assessed value
$3,792,761
Assessed 2024
Previous assessed
$3,792,761
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,561,724
Assessed improvement
$2,231,037
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2007
Heating
NONE
Units
1
Total area
18,085 SF
Lot
1.34 ac (58,370 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
221-881-12-00
UPID
US09-8107852
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CAZoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · 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
INDUSTRIAL (GENERAL) Current
Est. value
$4.6M
OFFICE BUILDING
Est. value
$7.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
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
2007
Heating
NONE
Units
1
Lot
1.34 ac
Current owner
From public records · entity-resolved
Gg Property Management LLC
Entity
Mailing address
888 N LARCH AVE, ELMHURST, IL 60126-1141
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2025
$6,100,000
Gg Property Management LLC
Fsk Partners LLC
Grant Deed
$3,091,000 · First Citizens Bank & Trust Co
Aug 11, 2025
—
Gg Property Management LLC
—
Deed
related
$2,530,000 · California Statewide Certified Developme
Oct 4, 2017
$3,400,000
Fsk Partners LLC
3198 Lionshead LLC
Grant Deed
—
Jul 21, 2017
—
Fsk Partners LLC
3198 Lionshead LLC
Grant Deed
—
Aug 4, 2010
$1,917,500
3198 Lionshead LLC
Redus Carlsbad LLC
Grant Deed
$1,175,000 · Security Business Bank Of San Diego
Nov 23, 2009
$21,240,000
Redus Carlsbad LLC
First American Title Ins
Trustees Deed
—
Jul 6, 2009
—
Owp Point Office LLC
Opus West Corp
Quit Claim Deed
related
—
Nov 3, 2005
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
3198 Lionshead LLC
—
Deed Of Trust
related
$949,000 · Cdc Small Business Finance Co
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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