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Property profile & analytics
OFF-MARKET
Estimated value
$6,385,000
Warehouses
5924 Balfour Ct Carlsbad, CA 92008-7378
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9755290
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1993
Total area
21,067 SF
Lot
1.55 ac (67,518 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-070-15-00
UPID
US09-9755290
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
-
Enforcement Technology Inc Government Office
-
Duncan Solutions Parking Lot & Garage
-
GigaIO Networks Corporate Office
-
Borsos Engineering Engineer
-
Tear Film Innovations Inc. Production Facility Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.88M
Comparable Approach
Comparable
$8.14M
Blend (final)
Blend
$6.39M
Owner & transaction history
Yunqun LLC · 1 yrs held
Yunqun LLC
since 2024
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$10.0M
+67.5%
Office building
$9.0M
+51.2%
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%
$5,290,000
6.5%
$4,880,000
7%
$4,530,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,970,000
Current use
MEDICAL BUILDING
$10,000,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$9,025,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$6.39M
Range $5.75M – $7.02M · ±10% · vs last sale $6.26M (Sep 26 2024)
Last sale anchor
$6.26M
Sep 26 2024
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
$303 / 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
$53,331
Tax year 2024
Assessed value
$4,990,513
Assessed 2024
Previous assessed
$4,990,513
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,566,787
Assessed improvement
$3,423,726
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1993
Heating
NONE
Units
1
Total area
21,067 SF
Lot
1.55 ac (67,518 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-070-15-00
UPID
US09-9755290
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$10.0M
OFFICE BUILDING
Est. value
$9.0M
WAREHOUSE, STORAGE 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
1993
Heating
NONE
Units
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Yunqun LLC
Entity
Mailing address
701 B ST STE #1180, SAN DIEGO, CA 92101-8108
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
Dec 26, 2024
$6,260,000
Yunqun LLC
Gildred Development Company
Grant Deed
—
Aug 19, 2016
—
Gildred Development Company
—
Deed
related
$2,800,000 · Manufacturers Bank
May 26, 2016
$4,300,000
Gildred Dev Co
North Coast Marketing LLC
Grant Deed
—
Dec 23, 2004
$2,695,000
North Coast Marketing LLC
Lee Michael P & M P Trust
Grant Deed
$2,375,000 · Commercial Bank Of California
Apr 11, 1995
—
Michael Pentung Etal Lee
Lee,michael P & Mimi P
Quit Claim Deed
related
—
Mar 14, 1995
—
Michael P Lee
Lee,michael P & Mimi P
Quit Claim Deed
related
—
May 22, 1991
$376,062
Michael P Lee
Unknown
Grant Deed
—
—
—
Michael P Lee
—
Deed Of Trust
related
$832,500 · North County Bank
—
—
Michael P Lee
—
Deed Of Trust
related
$1,100,000 · General Bank
—
—
Upland Industrie
—
Deed Of Trust
related
$4,135,810 · Carlsbad Research
—
—
North Coast Marketing LLC
—
Deed Of Trust
related
$3,200,000 · Commercial Bank Of California
—
—
North Coast Marketing LLC
—
Deed Of Trust
related
$3,050,000 · Kinecta FCU
—
—
Michael P Lee
—
Deed Of Trust
related
$63,900 · North County 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.
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