Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    640 Grand Ave Carlsbad, CA 92008-2365
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    640 Grand Ave Carlsbad, CA 92008-2365

    View on Map
    • Turn key restaurants
    • 0.75 lot acres
    Off-Market
    Property ID
    US09-9788472
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Farmers Insurance - John Altenbern / Insurance Agency
    • Farmers Insurance - Timothy Haviland / Insurance Agency
    • Altenbern Insurance agency / Insurance Agency
    • Appy Entertainment, Inc. / (Bike/Boat/Book/etc) Store / Corporate Office
    • United Asset Recovery / Charitable Organization / Social Service Agency

    Property Details for 640 Grand Ave

    Lot size
    0.75 lot acres
    Zone code
    COMMERCIAL
    Property type
    Turn key restaurants
    APN
    203-301-05-00
    APU
    2033010500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Carlsbad
    County
    San Diego
    State
    California
    Longitude
    -117.348
    Latitude
    33.1618
    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
    $24,472
    $635,182
    $1,587,984
    $2,223,166
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,236 SF

      901 Carlsbad Vlg Dr

      RESTAURANT • 3,236 SF
      901 Carlsbad Vlg Dr, Carlsbad, CA 92008-1802
      View Details
    • Value Estimation
      $850,000
      19,820 SF

      300 Carlsbad Vlg Dr

      RESTAURANT • 19,820 SF
      300 Carlsbad Vlg Dr, Carlsbad, CA 92008-2900
      View Details
    • Value Estimation by Request
      10,600 SF

      5958 Avenida Encinas

      RESTAURANT • 10,600 SF
      5958 Avenida Encinas, Carlsbad, CA 92008-4405
      View Details
    • Value Estimation by Request
      5,589 SF

      3050 Pio Pico Dr

      RESTAURANT • 5,589 SF
      3050 Pio Pico Dr, Carlsbad, CA 92008-1954
      View Details
    • Value Estimation
      $5,540,000
      7,511 SF

      5621 Paseo Del Norte

      RESTAURANT • 7,511 SF
      5621 Paseo Del Norte, Carlsbad, CA 92008-4434
      View Details
    • Value Estimation by Request
      4,528 SF

      3878 Carlsbad Blvd

      RESTAURANT • 4,528 SF
      3878 Carlsbad Blvd, Carlsbad, CA 92008-4008
      View Details

    Similar Nearby for Sale

    • $3,900,000
      4,840 SF

      Carlsbad Village Mixed-Use Opportunity

      Prime Carlsbad location, approved plans, high ROI potential.
      3039 Jefferson St, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      4,774 SF

      Carlsbad Retail Property For Sale

      Retail property available in Carlsbad Village, California.
      355 Carlsbad Village Dr, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      46,696 SF

      Carlsbad Office Building For Sale

      Prime North County location near major companies and transportation routes.
      1917 Palomar Oaks Way, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      20,375 SF

      Renovated Carlsbad Office Building

      Fully renovated office building near I-5 and the beach.
      5055 Avenida Encinas, Carlsbad, CA 92008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,929 SF

      Carlsbad Restaurant/Retail Space Available

      Freeway-visible restaurant/retail opportunity in Carlsbad, close to tourist attractions.
      5970 Avenida Encinas, Carlsbad, CA 92008
      View Details
    • $1.92 SF/Yr
      1,338 SF

      Carlsbad Commercial Kitchen Space Available

      1,338 SF commercial kitchen space available for sublease.
      5671 El Camino Real, Carlsbad, CA 92008
      View Details
    • Contact for pricing

      Carlsbad Retail Space Available

      Retail space for lease in North County Plaza, Carlsbad.
      1854 Marron Rd, Carlsbad, CA 92008
      View Details
    • Contact for pricing
      Pending

      Carlsbad Retail Space Available

      Retail space for rent in Carlsbad Village.
      300 Carlsbad Village Dr, Carlsbad, CA 92008
      View Details
    • Contact for pricing

      Carlsbad Office or Retail Building

      Freestanding building with excellent freeway access and onsite parking.
      861 Grand Ave, Carlsbad, CA 92008
      View Details
    • Contact for pricing

      Carlsbad Office and Corporate Campus

      Professional office and corporate campus in Carlsbad Research Center.
      5962 La Place Ct, Carlsbad, CA 92008
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    640 Grand Ave
    Carlsbad, CA 92008-2365
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!