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Property profile & analytics
OFF-MARKET
Estimated value
$16,215,000
Manufacturing properties
5801 Van Allen Way Carlsbad, CA 92008-7309
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9753690
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2021
Total area
54,414 SF
Lot
3.07 ac (133,729 SF)
Zoning code
COMMERCIAL
APN
212-120-01-00
UPID
US09-9753690
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.38M
Comparable Approach
Comparable
$14.53M
Blend (final)
Blend
$16.22M
Owner & transaction history
5801 5807 Van Allen Owner LLC · 2 yrs held
5801 5807 Van Allen Owner LLC
since 2023
Last sale
$21.3M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$25.8M
+69.8%
Office building
$23.3M
+53.3%
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
$20,990,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,250,000
6.5%
$10,380,000
7%
$9,640,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$15,210,000
Current use
MEDICAL BUILDING
$25,825,000
Change: +70% · Conversion: Difficult
OFFICE BUILDING
$23,315,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$16.22M
Range $14.59M – $17.84M · ±10% · vs last sale $21.25M (Oct 24 2023)
Last sale anchor
$21.25M
Oct 24 2023
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
$298 / 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
$126,724
Tax year 2024
Assessed value
$11,750,000
Assessed 2024
Previous assessed
$11,750,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$5,000,000
Assessed improvement
$6,750,000
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
2021
Heating
NONE
Units
1
Total area
54,414 SF
Lot
3.07 ac (133,729 SF)
Zoning code
COMMERCIAL
APN
212-120-01-00
UPID
US09-9753690
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · 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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$15.2M
MEDICAL BUILDING
Est. value
$25.8M
OFFICE BUILDING
Est. value
$23.3M
INDUSTRIAL (GENERAL) Current
MEDICAL BUILDING
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
2021
Heating
NONE
Units
1
Lot
3.07 ac
Current owner
From public records · entity-resolved
5801 5807 Van Allen Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
12501 SEAL BCH BLVD STE #225, SEAL BEACH, CA 90740-8804
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Oct 24, 2023
$21,250,000
5801 5807 Van Allen Owner LLC
Systems Machines Automation Compone
Grant Deed
—
Feb 28, 2020
—
Systems Machines Automation Co
—
Deed
related
$12,500,000 · California Bk&tr
Aug 22, 2016
$4,100,000
Systems Machines Automation Co
Blackmore Lot 75 LP
Grant Deed
$4,400,000 · California Bk&tr
Jun 20, 2011
$2,675,000
Blackmore Lot 75 LP
Blackmore Family Trust
Grant Deed
—
Jun 24, 2009
$2,675,000
Blackmore Family Trust
System Machines Automation
Grant Deed
—
Jan 20, 1998
$735,000
Systems Machines Automation
Takada Trust
Grant Deed
—
Dec 19, 1997
—
Martha Etal Welch
Neff,edward
Quit Claim Deed
related
—
Dec 15, 1995
—
Edward A Neff
Neff,kyoko
Quit Claim Deed
related
—
—
—
Systems Machines Automation Co
—
Deed Of Trust
related
$12,500,000 · California Bk&tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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