2-Unit Industrial
New
For Sale
$865,000
120 N Pacific St Ste L12, San Marcos, CA 92069
The adjoining suites are offered together in a single-story configuration.
Property Size2,400 SF
Price / SF$360.42
Days on Market4
Property Features for 120 N Pacific St Ste L12
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
2,400 SF
Year Built
1980
Stories
1
Listing Agency:
Matthews Real Estate Investment Services | San Diego
Listed By:
Jack DeLine · License #02206575 (CA)
(858) 964-4505
Source:
Matthews
Added: Oct 19
Last Checked: Oct 20 at 5:08PM
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 Matthews Real Estate Investment Services | San Diego
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial condominium comprises two adjoining units of approximately 1,200 square feet each, offered together for a combined area of approximately 2,400 square feet. The single-story layout is in a building constructed in 1980.
The property is in San Marcos, with access to State Route 78, Interstate 5, and Interstate 15.
The property is in San Marcos, with access to State Route 78, Interstate 5, and Interstate 15.
Key Highlights
- Two adjoining industrial units offered together, totaling approximately 2,400 SF
- Each unit is approximately 1,200 SF
- Single‑story configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,458
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,160
$549.2K
Cap Rate 7%
$392,257
$392.3K
Cap Rate 9%
$305,089
$305.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$43.2K $18.00/SF
− Vacancy
−$4.0K −$1.66/SF
EGI
$39.2K $16.34/SF
− OpEx
−$11.8K −$4.90/SF
NOI
$27.5K $11.44/SF
Area
San Diego County, CA
Vacancy
9.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,160
Cap Rate 7%
$392,257
Cap Rate 9%
$305,089
Alternative Uses
Best Use
Industrial
$392.3K
$343.2K – $457.6K
NOI $27,458 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$962.2K – $1.28M
NOI $76,972 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,346
Businesses Nearby
Explore this area
Business Placement
Demographics for 92069, CA
49,407
Population
15,687
Households
3.1
Avg Household Size
34
Median Age
35%
College-Educated
83%
High-School Grad
18.5 sq mi
ZIP Area
2,671
Density / Sq Mi
$93,065
Median Household Income
$41,634
Median Earnings
$2,078
Median Rent
$714,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Industrial property - The adjoining suites are offered together in a single-story configuration.
Where is this industrial property located?
The property is located at 120 N Pacific St Ste L12 San Marcos, CA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: Two adjoining industrial units offered together, totaling approximately 2,400 SF; Each unit is approximately 1,200 SF; Single‑story configuration
