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    6120 Paseo Del Norte Carlsbad, CA 92011
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    Property profile & analytics

    6120 Paseo Del Norte, Carlsbad, CA 92011

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    • Retail space
    • 28,250 SF
    • 1.00 lot acres
    For Lease
    $3 SF/Yr
    View Listing →
    Carlsbad Office Space Available For Lease
    $3 SF/Yr
    425 SF

    Carlsbad Office Space Available

    Office space available for rent in Carlsbad, California.

    6120 Paseo Del Norte, Carlsbad, CA
    View Listing
    Property ID
    US09-6986254
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $9,095,000
    Cap Rate Potential
    5.8%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Advance CPA / Accounting Firm
    • Jordan Bruce M DDS / Dental Office
    • Panduru Flavia F DDS / Dental Office
    • Jordan Dental / Dental Office
    • Nancy Trowbridge Mft / Physician

    Property Details for 6120 Paseo Del Norte

    Year built
    1983
    Lot size
    1.00 lot acres
    Zone code
    COMMERCIAL
    Property type
    Retail space
    APN
    211-040-20-00
    APU
    2110402000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2025 $10,650,000 6120 Paseo Del Norte LLC Paseo Del Norte Holdings LLC Grant Deed —
    Jun 10, 2021 $7,975,000 Paseo Del Norte Holdings LLC 6120 Paseo Del Norte LLC Grant Deed $5.2M · Citizens Business Bank
    Feb 8, 2019 — 6120 Paseo Del Norte LLC 657 Mission Street Bldg Ptshp Quit Claim Deed · related —
    May 31, 2017 $8,550,000 657 Msn Street Building Ptshp Plaza Del Norte INC Grant Deed —
    Jun 10, 2002 — Plaza Del Norte INC Plaza Del Norte Quit Claim Deed · related —
    May 25, 1999 $3,850,000 Plaza Del Norte LLC Pac-san Development INC Grant Deed $2.9M · Valley Independent Bank
    — — Pac-san Development — Deed Of Trust · related $200k · Grossmont Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,690,000
      ML approach
      $7,690,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,455,000
      6.5%
      $7,805,000
      7%
      $7,245,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $14,950,000
      MEDICAL BUILDING
      $13,405,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    San Diego
    State
    California
    Longitude
    -117.318
    Latitude
    33.1193
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $74,281
    $2,387,718
    $4,563,194
    $6,950,912
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      22.22 Acres

      6440 Ambrosia Ln

      RETAIL STORES (PERSONAL SERVICES)
      6440 Ambrosia Ln, Carlsbad, CA 92011-2646
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    • Value Estimation
      $4,915,000
      23,389 SF

      7220 Avenida Encinas

      RETAIL STORES (PERSONAL SERVICES)
      7220 Avenida Encinas, Carlsbad, CA 92011-4690
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    • Value Estimation by Request
      34,550 SF

      2141 Palomar Airport Rd

      RETAIL STORES (PERSONAL SERVICES)
      2141 Palomar Airport Rd, Carlsbad, CA 92011-1423
      View Details
    • Value Estimation by Request
      34,550 SF

      2131 Palomar Airport Rd

      RETAIL STORES (PERSONAL SERVICES)
      2131 Palomar Airport Rd, Carlsbad, CA 92011-1433
      View Details
    • Value Estimation
      $11,655,000
      46,892 SF

      2052 Corte Del Nogal

      RETAIL STORES (PERSONAL SERVICES)
      2052 Corte Del Nogal, Carlsbad, CA 92011-1464
      View Details
    • Value Estimation
      $18,350,000
      73,230 SF

      6005 Hidden Vly Rd

      RETAIL STORES (PERSONAL SERVICES)
      6005 Hidden Vly Rd, Carlsbad, CA 92011-4222
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,294 SF

      Carlsbad Office Space Sublease

      Second floor office space available for sublease in Carlsbad.
      2055 Corte Del Nogal, Carlsbad, CA 92011
      View Details
    • Contact for pricing
      36,815 SF

      Carlsbad Light Industrial Condominiums

      Two contiguous light industrial condos in Carlsbad's industrial hub.
      2221 Las Palmas Dr, Carlsbad, CA 92011
      View Details
    • Contact for pricing

      Carlsbad Flex Space For Sale

      11,536 SF flex space with ample office and warehouse.
      6056 Corte Del Cedro, Carlsbad, CA 92011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Retail Space in High-Traffic Area

      Retail space available in Carlsbad with strong daytime population.
      2505 Palomar Airport Rd, Carlsbad, CA 92011
      View Details
    • Contact for pricing
      2,499 SF

      Retail Space in Carlsbad Community

      Freeway visible retail opportunity in Carlsbad's Poinsettia Village.
      7020-7188 Avenida Encinas, Carlsbad, CA 92011
      View Details
    • Contact for pricing

      Carlsbad Retail Spaces Available

      Retail spaces available, ranging from 1,833 to 16,076 SqFt.
      1959 Palomar Oaks Way, Carlsbad, CA 92011
      View Details
    • Contact for pricing

      2160 Las Palmas Dr, Carlsbad, CA 92011

      Industrial properties
      2160 Las Palmas Dr, Carlsbad, CA 92011
      View Details
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    Carlsbad, CA 92011
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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