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Single-Story Flex Space Available
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6341-6349 Nancy Ridge Dr, San Diego, CA

Rare single-story flex space opportunity in San Diego, CA.

Property Size4,657 SF
Lot Size17.87 Acres
Price / SF$429.46
Days on Market561

Property Features for 6341-6349 Nancy Ridge Dr

General Information

Standard status Active
Size 4,657 SF
Lot size 17.87 Acres
Property subtype FLEX_R_AND_D
Listing Agency: Lee & Associates | San Diego
Listed By: Paul Britvar · License #01949354
Source: Moodyscre
Added: Jan 15, 2025 Changed: Jul 10 Last Checked: Jul 21 at 6:20AM

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 | San Diego

Investment Insights

Based on property information with market context.

This property offers a rare single-story flex space opportunity. The building provides 4,657 square feet of space. It is located in San Diego, CA.

Key Highlights

  • Rare single‑story
  • Flex opportunity

Financial Insights For Flex RnD

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 $111.8k $24.00
− Vacancy −$7.8k −$1.68
EGI $103.9k $22.32
− OpEx −$36.4k −$7.81
NOI $67.6k $14.51
4,657 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$965.2K
$844.6K – $1.13M (±1% cap)
NOI $67,564 @ 7.0% cap · market cap 3.38%
Second Best
Industrial
$786.8K
$688.4K – $917.9K (±1% cap)
NOI $55,075 @ 7.0% cap · market cap 2.75%
Theoretical Best
Specialty Retail
$1.84M
$1.61M – $2.15M (±1% cap)
NOI $128,757 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Florist Locksmith Grocery & Convenience Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,332
Businesses Nearby
Well-served
Demand for This Use

Market

Vacancy Rate% for Industrial in San Diego, CA

5.1% 2019
5% 2020
2.5% 2021
2.4% 2022
4.4% 2023
6.5% 2024
7.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

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  • Urban Solace Catering — 6355 Marindustry Dr Suite B, San Diego, CA 92121

Frequently Asked Questions

What type of property is this?
Flex space - Rare single-story flex space opportunity in San Diego, CA.
Where is this flex space located?
The property is located at 6341-6349 Nancy Ridge Dr San Diego, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Rare single‑story; Flex opportunity
(858) 230-1166 Call to check price and availability
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