Creative Office
For Sale
Contact for pricing
1133 Columbia St, San Diego, CA 92101
Remodeled creative office building with an open-air free-flow layout and exposed ceilings, ducting, and support beams.
Property Size22,822 SF
Price / SF$400.93
Days on Market582
Property Features for 1133 Columbia St
General Information
Standard status
Active
Size
22,822 SF
Property subtype
OFFICE
Occupancy
50%
Building Details
Construction
modern creative office
Listing Agency:
QFC Real Estate
(619) 243-8450
Listed By:
Matt Pourcho · License #01705763
(858) 546-4622
Source:
Moodyscre
Added: Dec 26, 2024
Changed: Jul 28
Last Checked: Jul 31 at 6:31AM
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 QFC Real Estate
Investment Insights
Based on property information with market context.
This remodeled creative office building features an open-air free-flow concept designed around an exposed interior look, including exposed ceilings, ducting, and support beams. The property is currently 50% leased, offering in-place income while providing ownership options for an occupant-buyer.
Located at 1133 Columbia St in San Diego, the building presents strong curb appeal following its repositioning into a modern creative office format.
With 22,822 square feet of space, the building’s collaborative, open-ceiling approach supports a nontraditional office environment.
Located at 1133 Columbia St in San Diego, the building presents strong curb appeal following its repositioning into a modern creative office format.
With 22,822 square feet of space, the building’s collaborative, open-ceiling approach supports a nontraditional office environment.
Key Highlights
- Remodeled creative office building with an open‑air free‑flow layout
- Modern interior features include exposed ceilings, ducting, and support beams
- Currently 50% leased, generating positive cash‑flow after debt service for a new owner
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $684.7k | $30.00 |
| − Vacancy | −$97.2k | −$4.26 |
| EGI | $587.4k | $25.74 |
| − OpEx | −$146.9k | −$6.44 |
| NOI | $440.6k | $19.31 |
22,822 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.29M
$5.51M – $7.34M
NOI $440,579 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$9.01M
$7.89M – $10.52M
NOI $630,983 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
12,250
Businesses Nearby
Explore this area
Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Remodeled creative office building with an open-air free-flow layout and exposed ceilings, ducting, and support beams.
Where is this office building located?
The property is located at 1133 Columbia St San Diego, CA.
What is the asking price?
The asking price for this property is $9,150,000.
What are key features of this property?
This property features: Remodeled creative office building with an open‑air free‑flow layout; Modern interior features include exposed ceilings, ducting, and support beams; Currently 50% leased, generating positive cash‑flow after debt service for a new owner
