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5931 Darwin Ct, Carlsbad, CA 92008
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Property summary
AI-generated overview
This freestanding industrial building contains approximately 31,200 square feet on a parcel of about 2.16 acres, including approximately 10,200 square feet of office space and about 21,000 square feet of warehouse space. The facility features a 12-foot-by-16-foot grade-level door and a 12-foot-by-12-foot dock well. Office improvements include a reception/lobby area, 20 private offices, multiple restrooms, multiple kitchens, and a conference room. The warehouse has a clear height of approximately 27 to 29 feet, and the building is equipped with heavy electrical service rated at 800 amps (480/277V) along with a fire sprinkler system. Parking is provided at an approximate ratio of 3.21 spaces per 1,000 square feet.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1998
Total area
31,200 SF
Lot
2.16 ac (94,089 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-120-14-00
UPID
US09-9788636
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Electronics & Wireless Store Big Box & Wholesale Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.54M
CAP Approach
CAP
$5.96M
Comparable Approach
Comparable
$7.88M
Blend (final)
Blend
$6.26M
Owner & transaction history
since 2021
Last sale
$6.1M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 6 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$6.26M
Value range
$5.63M – $6.88M
±10% around blend
Estimated value / SF
$200 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$5.63M
blend $6.26M
$6.88M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
31,200 SF
Lot area
2.16 ac
Year built
1998
APN
212-120-14-00
Zoning
INDUSTRIAL (M ZONE)
Assessed value
$6,372,450
Annual tax
$68,150
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.96M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.45M
@ 6.5% CAP return
$5.96M
@ 7% CAP return
$5.53M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$68,150
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$7.67M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.8 mi away · 30,924 SF
10.0 mi away · 25,295 SF
21.9 mi away · 34,670 SF
25.3 mi away · 33,862 SF
30.6 mi away · 22,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.26M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 19 sales
$280
-28%
Submarket 80 sales
$249
-19%
County 993 sales
$273
-26%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $200/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Selected market yield
6.20%
Selected cap rate for this manufacturing properties
Derived from the Carlsbad market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.20%
9.0%
NOI (est.)
$607k *
Last sale · Nov 2021
$6.13M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$9.80M
Move the market yield to see immediate price impact.
Value / SF
$314
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.70%6.20%6.70%
$547k
$9.59M
$8.82M
$8.16M
$607k
$10.66M
$9.80M
$9.07M
$668k
$11.72M
$10.78M
$9.97M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$8.92M
3.1 mi · Sep 2025 · $261/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$68,150
Tax year 2024
Assessed value
$6,372,450
Assessed 2024
Previous assessed
$6,372,450
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,601,000
Assessed improvement
$3,771,450
Applied tax rate
9.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1998
Heating
NONE
Units
1
Total area
31,200 SF
Lot
2.16 ac (94,089 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
212-120-14-00
UPID
US09-9788636
Jurisdiction
SAN DIEGO
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CAZoning INDUSTRIAL (M ZONE) · permitted uses
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Heating
NONE
Units
1
Lot
2.16 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
INDUSTRIAL (M ZONE)
Jurisdiction
Carlsbad, CA
Recorded code
INDUSTRIAL (M ZONE)
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for INDUSTRIAL (M ZONE) in Carlsbad, CA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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