128 West E Street Encinitas, CA 92024
6,508 SF retail and office building near the Pacific.
Property Features for 128 West E Street
General Information
- Standard status
- Active
- Size
- 6,508 SF
- Property subtype
- Retail, Office
Listing office Marcus & Millichap - Downtown San Diego
Listing date May 19, 2026
Source Crexi
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 Marcus & Millichap - Downtown San Diego
Investment Insights
Based on property information with market context.
Key Highlights
- Prime location in a highly desirable Encinitas submarket, two blocks from the Pacific Ocean and walking distance to downtown amenities.
- Significant upside potential through resetting rents to market rates and stabilizing the asset due to short‑term leases and below‑market rents.
- Flexibility for either an investor to stabilize the asset or an owner‑user to occupy a portion of the building in a tightly held coastal market.
Local 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 | $234.3k | $36.00 |
| − Vacancy | −$33.5k | −$5.15 |
| EGI | $200.8k | $30.85 |
| − OpEx | −$50.2k | −$7.71 |
| NOI | $150.6k | $23.14 |
