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Property profile & analytics
OFF-MARKET
Estimated value
$3,320,000
Manufacturing properties
6190 Yarrow Dr Carlsbad, CA 92011-1534
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9753338
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1985
Total area
17,668 SF
Lot
1.08 ac (47,044 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-070-01-00
UPID
US09-9753338
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
-
MTI Marketing Marketing & Advertising
-
Core Tests Corporate Office
-
宝瑞源生物 Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.51M
CAP Approach
CAP
$3.37M
Comparable Approach
Comparable
$3.79M
Blend (final)
Blend
$3.32M
Owner & transaction history
Ryoma Estate LLC · 6 yrs held
Ryoma Estate LLC
since 2020
Last sale
$2.8M
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
$3,630,000
ML approach
$3,510,000
CAP Approach
CAP Return
Estimation
6%
$3,650,000
6.5%
$3,370,000
7%
$3,130,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,830,000
Current use
Blend value · Realmo final
$3.32M
Range $2.99M – $3.65M · ±10% · vs last sale $2.81M (Mar 16 2020)
Last sale anchor
$2.81M
Mar 16 2020
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
$188 / 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
$32,518
Tax year 2024
Assessed value
$3,017,171
Assessed 2024
Previous assessed
$3,017,171
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,286,641
Assessed improvement
$1,730,530
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1985
Heating
NONE
Units
1
Total area
17,668 SF
Lot
1.08 ac (47,044 SF)
Zoning code
INDUSTRIAL (M ZONE)
APN
213-070-01-00
UPID
US09-9753338
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.8M
INDUSTRIAL (GENERAL) 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
1985
Heating
NONE
Units
1
Lot
1.08 ac
Current owner
From public records · entity-resolved
Ryoma Estate LLC
Entity
Mailing address
4982 SMITH CYN CT, SAN DIEGO, CA 92130-2739
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2020
$2,814,000
Ryoma Estate LLC
Coretests INC
Grant Deed
—
Oct 24, 2013
$2,360,000
Coretests INC
Lir Investments LLC
Grant Deed
—
Jun 29, 2005
$1,850,000
Lir Investments LLC
Yarrow Drive Gbr
Grant Deed
$942,900 · Bank Of The West
Mar 15, 2004
—
Drive Gbr Yarrow
Swiftoak Investors
Grant Deed
$600,000 · World Vision INC
Nov 29, 1989
$1,400,000
Cheng Tungkan &
Mid Exchange INC
Trustees Deed
—
Jan 9, 1989
$1,079,910
Fudosan U Mitsui
Kholos Jay M
Trustees Deed
related
—
—
—
Ken T Cheng
—
Deed Of Trust
related
$950,000 · Far East National Bank
—
—
Ken T Cheng
—
Deed Of Trust
related
—
—
—
Midexchange INC
—
Deed Of Trust
related
$1,120,000 · Mitsui Fudosan I
—
—
Lir Investments LLC
—
Deed Of Trust
related
$776,000 · Cdc Small Business Finance Co
—
—
Mid Exchange INC
—
Deed Of Trust
related
$1,120,000 · Mitsui Manufacturers Bank
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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