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Property profile & analytics
OFF-MARKET
Estimated value
$8,320,000
Apartment buildings
945 Pne Ave 85 Carlsbad, CA 92008-2456
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9748227
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1962
Total area
10,608 SF
Lot
0.78 ac (33,976 SF)
Zoning code
COMMERCIAL
APN
204-110-33-00
UPID
US09-9748227
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.61M
Blend (final)
Blend
$8.32M
Owner & transaction history
The Katz Family Limited Partnership · 3 yrs held
The Katz Family Limited Partnership
since 2022
Last sale
$9.3M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Carlsbad, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$9.6M
+60.6%
Restaurant
$7.0M
+16.8%
Retail stores
$6.2M
+4.0%
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
$7,455,000
ML approach
$7,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$5,955,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$9,555,000
Change: +61% · Conversion: Difficult
RESTAURANT
$6,955,000
Change: +17% · Conversion: Difficult
RETAIL STORES
$6,190,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$5,035,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$8.32M
Range $7.49M – $9.15M · ±10% · vs last sale $9.30M (Nov 7 2022)
Last sale anchor
$9.30M
Nov 7 2022
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
$784 / 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
$100,980
Tax year 2024
Assessed value
$9,486,000
Assessed 2024
Previous assessed
$9,486,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$6,936,000
Assessed improvement
$2,550,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1962
Heating
NONE
Units
20
Total area
10,608 SF
Lot
0.78 ac (33,976 SF)
Zoning code
COMMERCIAL
APN
204-110-33-00
UPID
US09-9748227
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.6M
RESTAURANT
Est. value
$7.0M
RETAIL STORES
Est. value
$6.2M
MEDICAL BUILDING
Est. value
$5.0M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
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
1962
Heating
NONE
Units
20
Lot
0.78 ac
Current owner
From public records · entity-resolved
The Katz Family Limited Partnership
Entity
Mailing address
3302 NW PANORAMA DR, BEND, OR 97703-5461
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2022
$9,300,000
The Katz Family Limited Partnership
Tranquilla Orka Holdings LLC
Grant Deed
$3,599,000 · Mufg Union Bank NA
Jun 30, 2021
$5,400,000
Tranquilla Orka Holdings LLC
Cunningham Coastal LLC
Grant Deed
$4,850,000 · Midcap Financial Trust
May 2, 2003
$2,750,000
Cunningham Coast LLC
Tang,tr
Grant Deed
$1,522,500 · World Savings Bank
Sep 5, 2002
—
Tang,tr
Momthei,les & Diane
Grant Deed
$1,237,000 · Trust Bank Fsb
Dec 21, 1990
$938,000
Les Monthei
Unknown
Grant Deed
—
—
—
Cunningham Coastal LLC
—
Deed Of Trust
related
$1,390,000 · San Diego County Cu
—
—
Les Monthei
—
Deed Of Trust
related
$650,250 · Home Savings 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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