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Property profile & analytics
OFF-MARKET
Estimated value
$4,600,000
Retail space
6118 Paseo Del Norte Carlsbad, CA 92011-1157
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-6986379
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Total area
10,973 SF
Lot
0.98 ac (42,688 SF)
Zoning code
COMMERCIAL
APN
211-040-29-00
UPID
US09-6986379
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
-
Tip Top Meats Take-out & Catering Specialty Food Shop
-
Infinity Auto Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.60M
CAP Approach
CAP
$3.03M
Comparable Approach
Comparable
$5.93M
Blend (final)
Blend
$4.60M
Owner & transaction history
6118 Paso Del Norte LLC · 1 yrs held
6118 Paso Del Norte LLC
since 2024
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.2M
+18.3%
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
$4,600,000
ML approach
$4,600,000
CAP Approach
CAP Return
Estimation
6%
$3,285,000
6.5%
$3,030,000
7%
$2,815,000
Alternative Use
Use
Estimation
RETAIL STORES
$6,080,000
Current use
RESTAURANT
$7,195,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,810,000
Change: -5% · Conversion: Difficult
MEDICAL BUILDING
$5,210,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.60M
Range $4.14M – $5.06M · ±10% · vs last sale $4.60M (Dec 31 2024)
Last sale anchor
$4.60M
Dec 31 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
$419 / 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
$28,779
Tax year 2024
Assessed value
$2,673,083
Assessed 2024
Previous assessed
$2,673,083
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,021,069
Assessed improvement
$1,652,014
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
1980
Heating
NONE
Units
1
Total area
10,973 SF
Lot
0.98 ac (42,688 SF)
Zoning code
COMMERCIAL
APN
211-040-29-00
UPID
US09-6986379
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
RETAIL STORES Current
Est. value
$6.1M
RESTAURANT
Est. value
$7.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.2M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL 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
1980
Heating
NONE
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
6118 Paso Del Norte LLC
Entity
Mailing address
6118 PASEO DEL NORTE, CARLSBAD, CA 92011-1157
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$4,600,000
6118 Paso Del Norte LLC
Top Choice Investments LLC
Grant Deed
—
Jul 22, 2016
—
Top Choice Investments LLC
—
Deed
related
$1,500,000 · Bank Of America
Feb 26, 2002
—
Top Choice Investments LLC
Williams Trust
Grant Deed
$1,498,500 · California Federal
Jun 18, 1996
—
Richard B Etal Williams
Williams,richard B Etal
Quit Claim Deed
related
—
—
—
Top Choice Investments LLC
—
Deed Of Trust
related
$1,400,000 · Bank Of America
—
—
Top Choice Investments LLC
—
Deed Of Trust
related
$1,500,000 · 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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