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Property profile & analytics
OFF-MARKET
Retail space
5541 Fermi Ct Carlsbad, CA 92008-7348
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6986726
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
49,825 SF
Lot
3.68 ac (160,300 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-130-50-00
UPID
US09-6986726
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
-
MicroVision Development Inc. Business Service Center Corporate Office
-
Sound United. (Denon) Electronics & Wireless Store
-
Sound United Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Carlsbad Income Partners LLC · 4 yrs held
Carlsbad Income Partners LLC
since 2022
Last sale
$42.0M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$199,520
Tax year 2024
Assessed value
$18,727,200
Assessed 2024
Previous assessed
$18,727,200
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$7,282,800
Assessed improvement
$11,444,400
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
Year built
1999
Heating
NONE
Units
1
Total area
49,825 SF
Lot
3.68 ac (160,300 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-130-50-00
UPID
US09-6986726
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
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Units
1
Lot
3.68 ac
Current owner
From public records · entity-resolved
Carlsbad Income Partners LLC
Entity
Mailing address
2765 SAND HL RD STE #200, MENLO PARK, CA 94025-7099
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Apr 26, 2022
$42,000,000
Carlsbad Income Partners LLC
Pr Fairway LLC
Grant Deed
—
Mar 13, 2020
—
Pr Fairway LLC
—
Deed
related
$219,100,000 · Acore Cap Mtg LP
Feb 23, 2018
$28,623,000
Pr Fairway LLC
Rof II Fairway LLC
Grant Deed
$202,600,000 · Acore Cap Mtg LP
Apr 3, 2017
—
Rof II Fairway LLC
—
Grant Deed
related
$16,510,000 · Private Individual
Sep 23, 2014
$23,550,000
Rof II Fairway LLC
Fermi Court LP
Grant Deed
—
Oct 13, 2011
—
Fermi Court LP
—
Deed Of Trust
related
$65,000,000 · Union Bank
Dec 29, 2010
—
Fermi Court LP
Dei LLC
Grant Deed
—
May 16, 2002
—
Del LLC
Carlsbad Associates 1 LP
Grant Deed
related
—
—
—
Pr Fairway LLC
—
Loan Modification
related
$219,100,000 · Acore Cap Mtg LP
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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