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Property profile & analytics
OFF-MARKET
Estimated value
$7,165,000
Warehouses
6190 Corte Del Cedro Carlsbad, CA 92011-1515
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9770680
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Total area
20,752 SF
Lot
1.66 ac (72,309 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-070-07-00
UPID
US09-9770680
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
-
Finishing Touch Moulding Construction Company General Contractor
-
Finishing Touch Millwork General Contractor Renovation Specialist
-
Nstor Technologies Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.00M
CAP Approach
CAP
$4.81M
Comparable Approach
Comparable
$9.22M
Blend (final)
Blend
$7.17M
Owner & transaction history
3871 Grand View LLC · 4 yrs held
3871 Grand View LLC
since 2021
Last sale
$6.5M
7 recorded transactions
Zoning & alternative use
INDUSTRIAL (M ZONE) · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$11.5M
+95.6%
Apartment house (5+ units)
$11.0M
+86.8%
Medical building
$9.9M
+67.5%
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
$7,975,000
ML approach
$7,995,000
CAP Approach
CAP Return
Estimation
6%
$5,210,000
6.5%
$4,810,000
7%
$4,465,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,880,000
Current use
RETAIL STORES
$11,500,000
Change: +96% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$10,985,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$9,850,000
Change: +67% · Conversion: Difficult
OFFICE BUILDING
$8,890,000
Change: +51% · Conversion: Difficult
Blend value · Realmo final
$7.17M
Range $6.45M – $7.88M · ±10% · vs last sale $6.50M (Dec 21 2021)
Last sale anchor
$6.50M
Dec 21 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
$345 / 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
$72,492
Tax year 2024
Assessed value
$6,762,600
Assessed 2024
Previous assessed
$6,762,600
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,601,000
Assessed improvement
$4,161,600
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
1989
Heating
NONE
Units
1
Total area
20,752 SF
Lot
1.66 ac (72,309 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-070-07-00
UPID
US09-9770680
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
$5.9M
RETAIL STORES
Est. value
$11.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$9.9M
OFFICE BUILDING
Est. value
$8.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1989
Heating
NONE
Units
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
3871 Grand View LLC
Entity
Mailing address
1537 PONTIUS AVE, LOS ANGELES, CA 90025-3990
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$6,500,000
3871 Grand View LLC
The Shany Family Partnership
Grant Deed
$1,650,000 · Symetra Life Insurance Co
Jan 27, 2017
—
The Shany Family Partnership
—
Deed
related
$2,345,000 · Jpmorgan Chase Bank NA
Oct 3, 2014
$2,501,000
The Shany Family Partnership
David Lee Neblett
Grant Deed
$2,416,000 · Vibra Bank
Aug 22, 2000
—
David Lee Etal Neblett
Neblett,david L & Harlene
Quit Claim Deed
related
—
Jan 9, 1997
—
David Lee Etal Neblett
Neblett,david L & Charlene
Quit Claim Deed
related
—
Jan 9, 1997
$6,000
Neblett,david L & Charlene
Hogan,scot E
Trustees Deed
related
$900,000 · Scripps Bank
Aug 17, 1995
—
David Lee Etal Neblett
Neblett,david L & Charlene
Quit Claim Deed
related
—
Oct 24, 1991
$1,224,000
David L Neblett
Caliber Indusria
Grant Deed
$1,313,000 · First California Savings Bank
—
—
Neblett Family Trust
—
Deed Of Trust
related
$900,000 · Us Bank NA
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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