Back to Search
Property profile & analytics
OFF-MARKET
Retail space
5600 Avenida Encinas Carlsbad, CA 92008-4446
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-9753560
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2015
Total area
9,999 SF
Lot
12.71 ac (553,647 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
210-090-50-00
UPID
US09-9753560
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
-
Manny's Wholesale Big Box & Wholesale Store
-
Canyon Bicycles USA (Bike/Boat/Book/etc) Store
-
petal & plume (Bike/Boat/Book/etc) Store Florist
-
make Construction Company General Contractor
-
Vuori Clothing - Office Clothing Store
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
Mj Make LLC
Mj Make LLC
since 2025
Last sale
$64.1M
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
$1,012,732
Tax year 2024
Assessed value
$95,196,600
Assessed 2024
Previous assessed
$95,196,600
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$52,020,000
Assessed improvement
$43,176,600
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
2015
Heating
NONE
Units
1
Total area
9,999 SF
Lot
12.71 ac (553,647 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
210-090-50-00
UPID
US09-9753560
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Zoning 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
Carlsbad. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Units
1
Lot
12.71 ac
Current owner
From public records · entity-resolved
Mj Make LLC
Entity
Mailing address
236 S SIERRA AVE STE #100, SOLANA BEACH, CA 92075-1862
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
Dec 17, 2025
$64,100,000
Mj Make LLC
Carlsbad1 Make LLC
Grant Deed
$48,075,000 · Bank Of America NA
Jul 21, 2021
$9,150,000
Carlsbadi Make Holding LLC
Make Carlsbad LLC
Grant Deed
$91,750,000 · Carlsbadi Make LLC
Sep 24, 2020
—
Make-carlsbad LLC
—
Deed
related
$41,200,000 · Pccp Credit Ix Reit-sub Holdco
Sep 29, 2017
—
Make-carlsbad LLC
—
Grant Deed
related
$41,200,000 · Pccp Credit Ix Reit-sub Holdco
Jul 16, 2013
$12,500,000
The Mart Carlsbad LLC
Windstar Carlsbad Office LLC
Grant Deed
$7,200,000 · Wells Fargo Bank NA
Aug 1, 2008
—
Windstar Carlsbad Office LLC
Palama Huna LLC
Grant Deed
$8,000,000 · Wells Fargo Bank NA
Apr 7, 2005
—
Palama Huna LLC
Carlmart
Grant Deed
$6,115,545 · Morgan Stanley Dean Witter Cap
—
—
Make-carlsbad LLC
—
Loan Modification
related
$41,200,000 · Pccp Credit Ix Reit-sub Holdco
—
—
Carlmart LP
—
Deed Of Trust
related
$6,950,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 5600 Avenida Encinas?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
