Two-Story Industrial
New
For Sale
$1,299,000
100-3520 Seagate Way, Oceanside, CA 92056
Corner positioning provides convenient access to I-5, SR-76, and SR-78.
Property Size3,547 SF
Price / SF$366.22
Days on Market6
Property Features for 100-3520 Seagate Way
General Information
Standard status
Active
Size
3,547 SF
Additional Details
Highway Access
Yes
Building Details
Stories
2
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
(951) 363-0002
Listed By:
PATRICIA HERNANDEZ · License #01722857
(951) 743-7300
Source:
Exprealty
Added: Sep 22
Changed: Sep 26
Last Checked: Sep 26 at 2:44PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY
Investment Insights
Based on property information with market context.
This two-story industrial condominium occupies a corner position and contains 3,547 square feet. The property is in Oceanside, with convenient access to I-5, SR-76, and SR-78.
Key Highlights
- 3,547‑square‑foot industrial condominium
- Two‑story layout
- Corner location
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,355
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$727,100
$727.1K
Cap Rate 7%
$519,357
$519.4K
Cap Rate 9%
$403,944
$403.9K
Market Conditions
NOI Build-Up for 3,547 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.3K $15.60/SF
− Vacancy
−$3.4K −$0.96/SF
EGI
$51.9K $14.64/SF
− OpEx
−$15.6K −$4.39/SF
NOI
$36.4K $10.25/SF
Area
Oceanside, CA
Vacancy
6.14%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$727,100
Cap Rate 7%
$519,357
Cap Rate 9%
$403,944
Alternative Uses
Best Use
Industrial
$519.4K
$454.4K – $605.9K
NOI $36,355 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.38M
NOI $83,044 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
Explore this area
Business Placement
Demographics for 92056, CA
53,750
Population
20,514
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
12.3 sq mi
ZIP Area
4,370
Density / Sq Mi
$102,570
Median Household Income
$50,029
Median Earnings
$2,536
Median Rent
$696,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Corner positioning provides convenient access to I-5, SR-76, and SR-78.
Where is this industrial property located?
The property is located at 100-3520 Seagate Way Oceanside, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 3,547‑square‑foot industrial condominium; Two‑story layout; Corner location
