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Property profile & analytics
OFF-MARKET
Estimated value
$16,415,000
Warehouses
5928 Farnsworth Ct Carlsbad, CA 92008-7303
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9788618
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Total area
67,491 SF
Lot
3.15 ac (137,214 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-070-10-00
UPID
US09-9788618
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
-
Comfort Vision (Bike/Boat/Book/etc) Store
-
TJ Auto Glass Repair Auto Repair Shop (Bike/Boat/Book/etc) Store
-
Natural Alternatives International Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.97M
CAP Approach
CAP
$15.64M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$16.42M
Owner & transaction history
Natural Alternatives International · 4 yrs held
Natural Alternatives International
since 2021
Last sale
$17.5M
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
$21,470,000
ML approach
$9,965,000
CAP Approach
CAP Return
Estimation
6%
$16,940,000
6.5%
$15,635,000
7%
$14,520,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$19,125,000
Current use
Blend value · Realmo final
$16.42M
Range $14.77M – $18.06M · ±10% · vs last sale $17.50M (Aug 20 2021)
Last sale anchor
$17.50M
Aug 20 2021
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
$243 / 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
$204,028
Tax year 2024
Assessed value
$19,176,000
Assessed 2024
Previous assessed
$19,176,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$7,803,000
Assessed improvement
$11,373,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Heating
NONE
Units
1
Total area
67,491 SF
Lot
3.15 ac (137,214 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-070-10-00
UPID
US09-9788618
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
$19.1M
WAREHOUSE, STORAGE Current
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
1991
Heating
NONE
Units
1
Lot
3.15 ac
Current owner
From public records · entity-resolved
Natural Alternatives International
Individual
Mailing address
1535 FARADAY AVE, CARLSBAD, CA 92008-7319
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2021
$17,500,000
Natural Alternatives International
5928 Farnsworth LP
Grant Deed
$10,000,000 · Wells Fargo Bank NA
Dec 20, 2019
$9,200,000
5928 Farnsworth LP
Carlsbad Technology INC
Grant Deed
$7,271,000 · Independent Bank
Jun 26, 2012
$4,670,500
Carlsbad Technology INC
Mcr Farnsworth LLC
Grant Deed
$3,200,000 · Bank Of Taiwan
Aug 2, 2004
—
Mcroskey,tr
Mcroskey,john W
Quit Claim Deed
related
—
Dec 20, 1999
$4,093,150
Mcroskey Trust
Bisantz Trust
Grant Deed
—
Jan 28, 1993
$2,000,000
Gary E Smns15 Biszantz Biszantz
—
Grant Deed
related
—
May 23, 1989
$1,922,000
Wilma Pacific In
Upland Industrie
Grant Deed
—
—
—
Upland Industrie
—
Deed Of Trust
related
$4,135,810 · Carlsbad Research
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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