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Property profile & analytics
OFF-MARKET
Estimated value
$13,680,000
Manufacturing properties
5770 Armada Dr Carlsbad, CA 92008-4608
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9769279
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1999
Total area
81,712 SF
Lot
4.7 ac (204,732 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
211-022-26-00
UPID
US09-9769279
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
-
Providence Systems Foundation Charitable Organization Social Service Agency
-
SeaSpine Inc Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.68M
Owner & transaction history
Cole Ofc Carlsbad Ca LP · 12 yrs held
Cole Ofc Carlsbad Ca LP
since 2013
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,890,000
6.5%
$15,590,000
7%
$14,475,000
Blend value · Realmo final
$13.68M
Range $12.31M – $15.05M · ±10%
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
$167 / 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
$305,802
Tax year 2024
Assessed value
$28,717,258
Assessed 2024
Previous assessed
$28,717,258
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$9,013,699
Assessed improvement
$19,703,559
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
1999
Heating
NONE
Units
1
Total area
81,712 SF
Lot
4.7 ac (204,732 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
211-022-26-00
UPID
US09-9769279
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
1999
Heating
NONE
Units
1
Lot
4.7 ac
Current owner
From public records · entity-resolved
Cole Ofc Carlsbad Ca LP
Entity
Mailing address
MARIE BASTON, CARLSBAD, CA 92018
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
50 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
—
Armada Drive Carlsbad LLC
—
Deed
related
$940,534,000 · Us Bank NA
Feb 3, 2015
—
Cole Ofc Carlsbad Ca LP
—
Loan Modification
related
$12,000,000 · Miscellaneous Ins Co
Dec 23, 2013
$23,500,000
Cole Ofc Carlsbad Ca LP
Lba Riv-co Xxi LLC
Grant Deed
$12,000,000 · Us Life Insurance Co
Apr 13, 2012
$15,600,000
Lba Riv-co Xxi LLC
Carlsbad Ranch LP
Grant Deed
—
May 31, 2005
—
Carlsbad Ranch LP
Dei LLC
Grant Deed
$12,525,000 · Us Bank NA
Jul 23, 2004
—
Gloria Zubair
Zubair,zahir
Quit Claim Deed
related
—
Jul 23, 2004
$10,000
Michael J Moore
Grand Pacific Palisades LLC
Grant Deed
related
$9,686 · Grand Pacific Palisades LLC
Jul 16, 2004
—
Grand Pacific Palisades LLC
De La Reguera,guillermo F
Grant Deed
related
—
Jul 2, 2004
$9,000
Dawn W Harper
Grand Pacific Palisades LLC
Grant Deed
related
$8,786 · Grand Pacific Palisades LLC
May 28, 2004
$11,500
Steven M Alcaraz
Grand Pacific Palisades LLC
Grant Deed
related
$10,345 · Grand Pacific Palisades LLC
Apr 30, 2004
$11,000
Patrick C Trinidad
Grand Pacific Palisades LLC
Grant Deed
related
$10,586 · Grand Pacific Palisades LLC
Apr 30, 2004
$9,000
Darryl Forston
Grand Pacific Palisades LLC
Grant Deed
related
$8,786 · Grand Pacific Palisades LLC
Apr 9, 2004
$19,000
John K Miklesen
Grand Pacific Palisades LLC
Grant Deed
related
$17,786 · Grand Pacific Palisades LLC
Mar 12, 2004
$16,000
Gorgas,tr
Grand Pacific Palisades LLC
Grant Deed
related
—
Jun 6, 2003
$8,500
Gary S Walton
Grand Pacific Palisades LLC
Grant Deed
related
$8,336 · Grand Pacific Palisades LLC
May 14, 2003
—
Dei LLC
Kilroy Realty LP
Grant Deed
related
—
May 9, 2003
$8,000
Juan Rodriguez
Grand Pacific Palisades LLC
Grant Deed
related
$7,191 · Grand Pacific Palisades LLC
Apr 25, 2003
$11,500
Jan Leovao
Grand Pacific Palisades LLC
Grant Deed
related
—
Mar 10, 2003
$15,000
Ronald L Johnson
Grand Pacific Palisades LLC
Grant Deed
related
$14,186 · Grand Pacific Palisades LLC
Mar 10, 2003
$8,500
Andrew H Castillo
Grand Pacific Palisades LLC
Grant Deed
related
$8,336 · Grand Pacific Palisades LLC
Mar 10, 2003
$11,000
John J Mesko
Grand Pacific Palisades LLC
Grant Deed
related
$10,565 · Grand Pacific Palisades LLC
Feb 21, 2003
$11,000
Seldon E Greer
Grand Pacific Palisades LLC
Grant Deed
related
$9,891 · Grand Pacific Palisades LLC
Dec 20, 2002
$11,000
Georgina Mayne
Grand Pacific Palisades LLC
Grant Deed
related
$9,891 · Grand Pacific Palisades LLC
Nov 26, 2002
$9,500
Ralph Warren
Grand Pacific Palisades LLC
Grant Deed
related
$9,236 · Grand Pacific Palisades LLC
Nov 15, 2002
$14,000
Ballesteros J F
Grand Pacific Palisades LLC
Grant Deed
related
$13,286 · Grand Pacific Palisades LLC
Nov 8, 2002
$9,500
Paul N Jaue
Grand Pacific Palisades LLC
Grant Deed
related
$9,236 · Grand Pacific Palisades LLC
Oct 25, 2002
$21,000
Robert F Noone
Grand Pacific Palisades LLC
Grant Deed
related
$18,891 · Grand Pacific Palisades LLC
Sep 13, 2002
$8,000
Lancelot B Fiuni
Grand Pacific Palisades LLC
Grant Deed
related
$7,886 · Grand Pacific Palisades LLC
Aug 23, 2002
$23,000
Jcquline D Troutman
Grand Pacific Palisades LLC
Grant Deed
related
—
Aug 2, 2002
$8,500
Kenneth E Denecke
Grand Pacific Palisades LLC
Grant Deed
related
$8,336 · Grand Pacific Palisades LLC
Jul 19, 2002
$17,000
Antonio B Moentio
Grand Pacific Palisades LLC
Grant Deed
related
$15,986 · Grand Pacific Palisades LLC
Jul 12, 2002
$21,000
Gordon D Hart
Grand Pacific Palisades LLC
Grant Deed
related
$18,891 · Grand Pacific Palisades LLC
Jul 12, 2002
$10,500
Steven M Checchi
Grand Pacific Palisades LLC
Grant Deed
related
$10,136 · Grand Pacific Palisades LLC
May 3, 2002
$11,000
Arthur A Zamora
Grand Pacific Palisades LLC
Grant Deed
related
$10,586 · Grand Pacific Palisades LLC
Apr 12, 2002
$8,500
Bobbie Leovao
Grand Pacific Palisades LLC
Grant Deed
related
$8,336 · Grand Pacific Palisades LLC
Nov 30, 2001
$7,500
Dwayne R Eshenbaguh
Grand Pacific Palisades LLC
Grant Deed
related
$7,146 · Grand Pacific Palisades LLC
Nov 30, 2001
$8,000
Georgina Mayne
Grand Pacific Palisades LLC
Grant Deed
related
$7,886 · Grand Pacific Palisades LLC
Oct 26, 2001
$18,000
Jose R Pelaez
Grand Pacific Palisades LLC
Grant Deed
related
$16,886 · Grand Pacific Palisades LLC
Jul 13, 2001
$17,000
Robert S Binsacca
Grand Pacific Palisades LLC
Grant Deed
related
$15,986 · Grand Pacific Palisades LLC
Apr 6, 2001
$14,000
Steven M Campbell
Grand Pacific Palisades LLC
Grant Deed
related
$13,186 · Grand Pacific Palisades LLC
Mar 30, 2001
$10,000
James E Orth
Grand Pacific Palisades LLC
Grant Deed
$9,686 · Grand Pacific Palisades LLC
Mar 16, 2001
$15,000
Pereira,ronald T & Teri
Grand Pacific Palisades LLC
Trustees Deed
related
$14,086 · Grand Pacific Palisades LLC
Mar 16, 2001
$10,000
Fernald,chris & Dawn
Grand Pacific Palisades LLC
Trustees Deed
related
$9,686 · Grand Pacific Palisades LLC
Feb 23, 2001
$12,000
Rick Walter
Grand Pacific Palisades LLC
Grant Deed
related
$11,286 · Grand Pacific Palisades LLC
Dec 21, 2000
$16,000
Seawell,doncosta E & Doralyn M
Grand Pacific Palisades LLC
Trustees Deed
related
$14,005 · Grand Pacific Palisades LLC
Dec 21, 2000
$14,500
Del Cerro,gino P & Frances A
Grand Pacific Palisades LLC
Trustees Deed
related
$13,536 · Grand Pacific Palisades LLC
Apr 26, 1999
$15,000
Lakeview Associates INC
Grand Pacific Palisades LLC
Grant Deed
related
$13,941 · Seller
Mar 17, 1998
$10,400,000
Realty LP Kilroy
Kreg-oc LP Etal,
Grant Deed
—
Jul 3, 1997
$2,456,784
R E G-o C L P K
—
Grant Deed
related
—
—
—
Lba Riv-co Xxi LLC
—
Deed Of Trust
related
$12,000,000 · Miscellaneous Ins 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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