Industrial Property with Private
For Sale
$5,300,000
1020 Calle Recodo, San Clemente, CA 92673
Industrial property featuring a private entry and dramatic views.
Property Size23,600 SF
Price / SF$224.58
Days on Market277
Property Features for 1020 Calle Recodo
General Information
Standard status
Active
Size
23,600 SF
Property subtype
Industrial
Building Details
Building Size
23,600 SF
Year Built
1988
Listing Agency:
Lee & Associates - Irvine
(949) 836-4749
Listed By:
Brock Stryker · License #CalDRE #01928271
(949) 836-4749
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 21
Last Checked: Aug 30 at 2:21PM
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 Lee & Associates - Irvine
Investment Insights
Based on property information with market context.
This industrial property is situated in a unique cul-de-sac location and features a private entry drive and plush landscaping. The building includes an open ceiling entry and reception area, and is elevator served. It offers a full wrap-around glass line providing dramatic views. The property features a recently replaced roof and well-maintained HVAC units. Security is enhanced by fully set up alarm systems. The building includes ADA-compliant multi-stall restrooms. The property has a size of 23,600 square feet.
Key Highlights
- Dramatic views from full wrap‑around glassline.
- Elevator served.
- Unique cul‑de‑sac location with private entry drive.
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
$275,791
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
5.20%
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%
$5,515,820
$5.5M
Cap Rate 7%
$3,939,871
$3.9M
Cap Rate 9%
$3,064,344
$3.1M
Market Conditions
NOI Build-Up for 23,600 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
$419.1K $17.76/SF
− Vacancy
−$25.1K −$1.07/SF
EGI
$394.0K $16.69/SF
− OpEx
−$118.2K −$5.01/SF
NOI
$275.8K $11.69/SF
Area
Orange County, CA
Vacancy
6.00%
Lease Rate
$17.76 /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%
$5,515,820
Cap Rate 7%
$3,939,871
Cap Rate 9%
$3,064,344
Alternative Uses
Best Use
Industrial
$3.94M
$3.45M – $4.60M
NOI $275,791 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.93M
$6.94M – $9.25M
NOI $554,874 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,624
Businesses Nearby
Explore this area
Business Placement
Demographics for 92673, CA
29,642
Population
10,005
Households
3
Avg Household Size
43
Median Age
56%
College-Educated
95%
High-School Grad
10.3 sq mi
ZIP Area
2,878
Density / Sq Mi
$180,077
Median Household Income
$76,689
Median Earnings
$3,412
Median Rent
$1,207,600
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 - Industrial property featuring a private entry and dramatic views.
Where is this industrial property located?
The property is located at 1020 Calle Recodo San Clemente, CA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Dramatic views from full wrap‑around glassline.; Elevator served.; Unique cul‑de‑sac location with private entry drive.
