Office Suite for
For Sale
$699,000
5927 Balfour Court Suite 209, Carlsbad, CA 92008
For-sale office suite in Suite 209, suitable for professional users seeking a dedicated space.
Property Size1,476 SF
Days on Market75
Property Features for 5927 Balfour Court Suite 209
General Information
Standard status
Active
Size
1,476 SF
Property subtype
Office
Building Details
Building Size
1,476 SF
Year Built
2005
Listing Agency:
Lee & Associates San Diego - Carlsbad
(760) 814-4696
Listed By:
Christian Thompson · License #CalDRE #02105771
(760) 814-4696
Source:
Lee-associates
Added: Jun 17
Changed: Aug 22
Last Checked: Aug 29 at 7:24AM
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 - Carlsbad
Investment Insights
Based on property information with market context.
This offering is an office suite available for sale as Suite 209. It is presented as part of a commercial real estate property that includes office units and office spaces. The information provided focuses on the availability and suite identification, without additional buildout or improvement details.
The suite is located at 5927 Balfour Court in Carlsbad, California. The provided address information allows prospective buyers and brokers to identify the exact unit location within the property.
Because the listing is specific to an office suite, it may be a practical fit for small professional teams or service-oriented businesses looking for a defined, addressable workplace. Prospective buyers should confirm all operational details directly with the seller or managing party, including the condition of the suite and any included features, since those specifics are not included in the material provided.
The suite is located at 5927 Balfour Court in Carlsbad, California. The provided address information allows prospective buyers and brokers to identify the exact unit location within the property.
Because the listing is specific to an office suite, it may be a practical fit for small professional teams or service-oriented businesses looking for a defined, addressable workplace. Prospective buyers should confirm all operational details directly with the seller or managing party, including the condition of the suite and any included features, since those specifics are not included in the material provided.
Key Highlights
- Office suite for sale in Suite 209
- Year built: 2005
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
$31,782
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
4.55%
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%
$635,640
$635.6K
Cap Rate 7%
$454,029
$454.0K
Cap Rate 9%
$353,133
$353.1K
Market Conditions
NOI Build-Up for 1,476 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
$48.7K $33.00/SF
− Vacancy
−$6.3K −$4.29/SF
EGI
$42.4K $28.71/SF
− OpEx
−$10.6K −$7.18/SF
NOI
$31.8K $21.53/SF
Area
Carlsbad, CA
Vacancy
13.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
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%
$635,640
Cap Rate 7%
$454,029
Cap Rate 9%
$353,133
Alternative Uses
Best Use
Office B
$454.0K
$397.3K – $529.7K
NOI $31,782 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$542.4K
$474.6K – $632.8K
NOI $37,969 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,131
Businesses Nearby
Explore this area
Business Placement
Demographics for 92008, CA
27,282
Population
13,102
Households
2.1
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
10.4 sq mi
ZIP Area
2,623
Density / Sq Mi
$105,371
Median Household Income
$55,965
Median Earnings
$2,343
Median Rent
$1,142,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - For-sale office suite in Suite 209, suitable for professional users seeking a dedicated space.
Where is this office units located?
The property is located at 5927 Balfour Court Suite 209 Carlsbad, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Office suite for sale in Suite 209; Year built: 2005
