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    Freestanding Flex/Industrial Building Title is generated by Realmo AI

    10109 Carroll Canyon Road, San Diego, CA 92131

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    Single-story warehouse with rooftop HVAC, grade-level loading, and outdoor areas for operational and production needs.

    Type:FLEX_R_AND_D
    Property size:
    18,732 SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 3 at 1:02 pm

    Property Features for 10109 Carroll Canyon Road

    General Information

    Standard status
    Active
    Size
    18,732 SF
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 10109 Carroll Canyon Road Contact us

    We can help!

    Listing Contact
    Bill Dolan

    Listing agent Bill Dolan License #00890849

    Listing office CBRE | San Diego

    Listing date Jun 3, 2026

    Source Moodyscre

    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 CBRE | San Diego

    HighLights

    • Single‑story freestanding building totaling 18,732 SF
    • Warehouse clear height approx. 16’–18’ with fully sprinklered fire protection
    • Rooftop HVAC serving 100% of the space; 40% improved space
    • Three grade‑level loading doors plus 2 balconies and an outdoor patio
    • 3,000 amps? (Power noted as 2,000 Amps @ 120/208V) to support operations and production needs
    • Immediate access to I‑15; available September 1, 2026 at $1.70/SF/mo net of expenses with NNN’s approx. $0.30/SF/mo

    Overview

    Freestanding single-story flex/industrial building totaling 18,732 SF, with approximately 40% of the space improved. The building is equipped with rooftop HVAC units and offers warehouse clear height in the range of roughly 16 to 18 feet. Loading is supported by three grade-level loading doors, and the property is fully sprinklered. Power service is listed at approximately 2,000 amps at 120/208 volts. Outdoor amenities include two balconies and an outdoor patio, providing usable exterior space alongside the warehouse layout.

    Located at 10109 Carroll Canyon Road in San Diego, the property is described as having immediate access to Interstate 15, supporting convenient regional connectivity for day-to-day operations. Parking is estimated at about a 3/1,000 ratio.

    Available for occupancy beginning September 1, 2026, this building is well suited for tenants seeking a freestanding industrial/flex setup with meaningful interior improvements, functional loading capacity, and built-in environmental controls. The combination of multiple grade-level doors, fully sprinklered protection, and on-site power capacity supports a range of warehouse and light industrial uses, while the outdoor balcony and patio areas can complement office or staffing requirements where permitted by the tenant’s intended program.
    Location Intelligence

    Current Use by Public Records

    Inno Tech Manufacturing ... Industrial Manufacturer

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Apple Spice Box Lunch Delivery & Catering Northern San Diego, CA — 9535 Kearny Villa Rd UNIT 104, San Diego, CA 92126
    • Green Leaf Catering & Events — 10325 Meanley Dr, San Diego, CA 92131
    • Mumbai Food Corner — 9905 Scripps Lake Dr, San Diego, CA 92131
    • Culinary Concepts — 9950 Scripps Lake Dr #102, San Diego, CA 92131

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1076281
    Latitude
    32.9027473

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    FAQs

    What type of property is this?
    Flex space - Single-story warehouse with rooftop HVAC, grade-level loading, and outdoor areas for operational and production needs.
    Where is this flex space located?
    The property is located at 10109 Carroll Canyon Road San Diego, CA.
    What is the lease rate?
    The lease rate is $1.70 SF/Yr.
    What are key features of this property?
    This property features: Single‑story freestanding building totaling 18,732 SF; Warehouse clear height approx. 16’–18’ with fully sprinklered fire protection; Rooftop HVAC serving 100% of the space; 40% improved space
    (858) 546-4600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bill Dolan
    Real Estate License ID: 00890849
    Learn More
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    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.

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