1921 Palomar Oaks WayCarlsbad, CA 92008

Property Details for 1921 Palomar Oaks Way

Year built

1989

Lot size

5.19 AC

Property size (Sq ft)

92,227 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

212-091-18-00

APU

2120911800

Description

The Plaza I & II offers 95,067 square feet of Class A executive office space in two buildings located at 1921 & 1925 Palomar Oaks Way, Carlsbad, CA 92008, within San Diego County. Built in 1988, this park-like setting provides a desirable work environment. The property features a total of 9 suites, with spaces ranging from a minimum of 1,175 square feet to a maximum contiguous space of 6,398 square feet. Currently, 17,900 square feet of space is vacant and available for lease. The complex boasts ample parking with a 4.0 spaces per 1,000 square feet ratio. Its convenient location offers easy access to Palomar Airport Road and is approximately 2 miles east of Interstate 5, providing excellent connectivity. The surrounding area is rich with retail, recreational, and entertainment options, including beach access approximately 2.5 miles away. This prime location in the thriving North San Diego County employment hub, situated between Orange County and downtown San Diego, makes it an ideal location for businesses seeking to attract and retain top talent. The property incorporates energy-saving features designed to enhance productivity and contribute to a positive bottom line.

• CAP approach

  CAP return

  Valuation

  6%

  $28,418,430

  6.5%

  $26,232,398

  7%

  $24,358,656

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,614,440

  Geo Method

  $81,802,064

• Alternative Use

  Use

  Valuation

  Residential

  $22,128,008

  Hospitality

  $20,269,138

  Educational

  $16,863,684

  Medical

  $17,443,652

  Retail

  $26,232,398

Location Insight

City

Carlsbad

County

San Diego

State

California

Latitude

33.1215

Longitude

-117.291

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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