San Diego Warehouse
For Sale
Contact for pricing
10005 Marconi Drive, San Diego, CA 92154
Industrial warehouse condo for sale near Mexico border.
Property Size1,277 SF
Price / SF$587.31
Days on Market212
Property Features for 10005 Marconi Drive
General Information
Standard status
Active
Size
1,277 SF
Property subtype
Special Purpose
Listing Agency:
Coldwell Banker West
(619) 737-2126
Listed By:
Minerva Garcia · License #CA 01301915
Source:
Crexi
Added: Jan 14
Changed: Aug 8
Last Checked: Aug 8 at 3:20PM
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 Coldwell Banker West
Investment Insights
Based on property information with market context.
This commercial property in San Diego, California, features a 1,277-square-foot industrial warehouse condo suitable for both owner-users and investors. The property includes warehouse and office space. It can be delivered vacant or with a tenant. The location provides convenient access to the 125, 905, and 805 freeways and is situated close to the Mexico border. The property features one roll-up door and high ceilings. Parking is available through assigned spaces and street parking.
Key Highlights
- Industrial warehouse condo in San Diego, CA.
- Convenient location: close to the Mexico Border and easy access to the 125, 905, and 805 freeways.
- Versatile usage: suitable for owner‑users or investors, delivered vacant or with a tenant.
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
$24,207
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
3.23%
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%
$484,140
$484.1K
Cap Rate 7%
$345,814
$345.8K
Cap Rate 9%
$268,967
$269.0K
Market Conditions
NOI Build-Up for 1,277 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
$40.0K $31.32/SF
− Vacancy
−$7.7K −$6.04/SF
EGI
$32.3K $25.28/SF
− OpEx
−$8.1K −$6.32/SF
NOI
$24.2K $18.96/SF
Area
ZIP 92154
Vacancy
19.30%
Lease Rate
$31.32 /SF/Yr
Expense Ratio
25.00%
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%
$484,140
Cap Rate 7%
$345,814
Cap Rate 9%
$268,967
Alternative Uses
Best Use
Office B
$345.8K
$302.6K – $403.5K
NOI $24,207 @ 7.0% cap · market cap 3.23%
Second Best
Warehouse
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$457.1K
$400.0K – $533.3K
NOI $31,997 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92154, CA
84,027
Population
23,832
Households
3.5
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
51.3 sq mi
ZIP Area
1,638
Density / Sq Mi
$90,035
Median Household Income
$42,333
Median Earnings
$2,143
Median Rent
$606,400
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Artic Containers — 9955 Via de la Amistad, San Diego, CA 92154
- A & M Warehouse Services — 9835 Marconi Dr # B, San Diego, CA 92154
- Alza Logistics — 2948 Roll Dr, San Diego, CA 92154
- MTZ Warehouse — 10030 Marconi Dr suite d, San Diego, CA 92154
- U-Stor-It Self Storage - Otay — 2255 Niels Bohr Ct, San Diego, CA 92154
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse condo for sale near Mexico border.
Where is this warehouse located?
The property is located at 10005 Marconi Drive San Diego, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Industrial warehouse condo in San Diego, CA.; Convenient location: close to the Mexico Border and easy access to the 125, 905, and 805 freeways.; Versatile usage: suitable for owner‑users or investors, delivered vacant or with a tenant.
