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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Retail space
5838 Edison Pl Carlsbad, CA 92008-5520
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9755347
Property summary
AI-generated overview
This exceptional two-story, 19,143 square foot Class B office building in Carlsbad, CA (92008), offers versatile space ideal for medical, creative, or traditional office uses. Built in 1990 and extensively renovated in 2023, the property features two available suites ranging from 3,000 to 6,700 square feet, each fully built-out and ready for immediate occupancy. The building includes elevators and is zoned M. Landlords are offering flexible lease terms, accommodating both short and long-term needs with negotiable rates. The entire 19,143 square foot building is also available for lease, presenting a unique opportunity for a single tenant seeking a headquarters location. Located at 5838 Edison Place, this property boasts a convenient Carlsbad address within San Diego County (APN: 212-092-24-00). The building's modern amenities and flexible lease options make it an attractive choice for a variety of businesses. Inquire today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1990
Total area
18,624 SF
Lot
1.5 ac (65,340 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-092-24-00
UPID
US09-9755347
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
-
Norma Hirsch Physician Medical Clinic
-
Dr. Maria Gengenbacher Physician Medical Clinic
-
John Bugas Physician Medical Clinic
-
Eric Anderson Physician Medical Clinic
-
Teresa Hooker Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.15M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.91M
Owner & transaction history
5838 Edison Place LLC · 2 yrs held
5838 Edison Place LLC
since 2024
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%
$5,575,000
6.5%
$5,145,000
7%
$4,775,000
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±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
$210 / 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
$52,844
Tax year 2024
Assessed value
$4,945,228
Assessed 2024
Previous assessed
$4,945,228
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,697,932
Assessed improvement
$3,247,296
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
1990
Heating
NONE
Units
1
Total area
18,624 SF
Lot
1.5 ac (65,340 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-092-24-00
UPID
US09-9755347
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
1990
Heating
NONE
Units
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
5838 Edison Place LLC
Entity
Mailing address
4762 LA CANADA BLVD, LA CANADA, CA 91011-2202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
—
5838 Edison Place LLC
Jordan P Shapiro
Grant Deed
—
Jul 21, 2023
—
Jordan P Shapiro
Jordan P Shapiro
Intrafamily Transfer
related
—
May 14, 2021
—
Jordan P Shapiro
5838 Edison Place LLC
Intrafamily Transfer
related
—
Dec 31, 2020
$4,800,000
5838 Edison Place LLC
Christian Credit Counselors In
Grant Deed
$3,115,000 · Poppy Bk
Nov 20, 2015
$3,400,000
Christian Credit Counselors INC
Edward J Mctaggart
Grant Deed
$2,890,000 · First Citizens Bank & Trust Co
Mar 18, 2010
—
Mctaggart E & M Living Trust
Mctaggart,edward J
Quit Claim Deed
related
—
Feb 18, 2010
—
Edward J Mctaggart
Ejm Trust
Quit Claim Deed
related
—
Feb 24, 2004
—
Mctaggart,tr
Mctaggart,edward J
Quit Claim Deed
related
—
Nov 25, 2003
—
Edward J Mctaggart
Mctaggart,tr
Quit Claim Deed
related
—
Mar 23, 2001
$2,475,000
Edward J Mctaggart
Ormsby Holdings INC
Grant Deed
$1,475,000 · Bank Of America
—
—
Ejm Private Trust
—
Deed Of Trust
related
$2,235,000 · Bank Of America
—
—
Ormsby Holdings INC
—
Deed Of Trust
related
$1,367,313 · San Diego National Bank
—
—
Mctggart,tr
—
Deed Of Trust
related
$2,500,000 · Bank Of America
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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