Industrial Flex
For Sale
Contact for pricing
861 Harold Pl, Chula Vista, CA 91914
Flex space with a grade-level roll-up door and fiber optics internet availability, offering adaptable use potential.
Property Size2,915 SF
Price / SF$375
Days on Market506
Property Features for 861 Harold Pl
General Information
Standard status
Active
Size
2,915 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Drive-In Doors
1
Heavy Power
Yes
Amenities
Fiver Optics Internet
Listing Agency:
Commercial Asset Advisors
(858) 360-3000
Listed By:
Mike Conger · License #01381193
(858) 344-9413
Source:
Moodyscre
Added: Apr 28, 2025
Changed: Sep 10
Last Checked: Sep 14 at 11:13AM
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 Commercial Asset Advisors
Investment Insights
Based on property information with market context.
This industrial flex condo includes flex space improvements with a grade-level roll-up door for convenient loading and access. Fiber optics internet service is available onsite, supporting businesses that rely on reliable connectivity.
The property is located at 861 Harold Pl in Chula Vista, CA 91914. Zoning is described as “flexing,” allowing for many business uses.
Electrical service is noted as 225 amps, 208/120V, 3P, 4W power (verify). The offering is presented as an industrial condo suitable for a range of flexible commercial applications consistent with the stated zoning flexibility.
The property is located at 861 Harold Pl in Chula Vista, CA 91914. Zoning is described as “flexing,” allowing for many business uses.
Electrical service is noted as 225 amps, 208/120V, 3P, 4W power (verify). The offering is presented as an industrial condo suitable for a range of flexible commercial applications consistent with the stated zoning flexibility.
Key Highlights
- Industrial condo/flex space featuring a grade‑level roll‑up door
- Fiber optics internet available
- Flexing zoning allows for many business uses
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
$40,811
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
3.73%
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%
$816,220
$816.2K
Cap Rate 7%
$583,014
$583.0K
Cap Rate 9%
$453,456
$453.5K
Market Conditions
NOI Build-Up for 2,915 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
$67.5K $23.16/SF
− Vacancy
−$4.7K −$1.62/SF
EGI
$62.8K $21.54/SF
− OpEx
−$22.0K −$7.54/SF
NOI
$40.8K $14.00/SF
Area
Chula Vista, CA
Vacancy
7.00%
Lease Rate
$23.16 /SF/Yr
Expense Ratio
35.00%
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%
$816,220
Cap Rate 7%
$583,014
Cap Rate 9%
$453,456
Alternative Uses
Best Use
Flex RnD
$583.0K
$510.1K – $680.2K
NOI $40,811 @ 7.0% cap · market cap 3.73%
Second Best
Industrial
$423.5K
$370.6K – $494.1K
NOI $29,648 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$929.7K
$813.5K – $1.08M
NOI $65,079 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
2,042
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91914, CA
17,522
Population
4,948
Households
3.5
Avg Household Size
39
Median Age
48%
College-Educated
94%
High-School Grad
6.6 sq mi
ZIP Area
2,655
Density / Sq Mi
$164,398
Median Household Income
$71,944
Median Earnings
$3,076
Median Rent
$960,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with a grade-level roll-up door and fiber optics internet availability, offering adaptable use potential.
Where is this flex space located?
The property is located at 861 Harold Pl Chula Vista, CA.
What is the asking price?
The asking price for this property is $1,093,125.
What are key features of this property?
This property features: Industrial condo/flex space featuring a grade‑level roll‑up door; Fiber optics internet available; Flexing zoning allows for many business uses
