Freestanding Industrial Flex
For Sale
Contact for pricing
1849 Diamond St., San Marcos, CA 92078
Freestanding flex/industrial building with assembly/lab area, warehouse, sprinklered office, and ample dedicated parking.
Property Size15,576 SF
Price / SF$275
Days on Market939
Property Features for 1849 Diamond St.
General Information
Standard status
Active
Size
15,576 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Listing Agency:
Urban Property Group (UPG)
(760) 889-2127
Listed By:
Amy McNamara · License #01083491
Source:
Moodyscre
Added: Jan 4, 2024
Changed: Jul 28
Last Checked: Jul 29 at 2:31PM
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 Urban Property Group (UPG)
Investment Insights
Based on property information with market context.
This freestanding industrial/flex building is designed for both production and office needs, with assembly/lab area, warehouse space, and sprinklered office. In addition to the primary office component, the property includes approximately 1,252 square feet of additional office space, supported by attractive building interiors and exteriors.
The building offers ample dedicated parking and quick access and connection to I-5 and Hwy 78. It is located adjacent to the La Costa Meadows submarket, just off Rancho Santa Fe Road and Melrose Dr, placing it within North San Diego County.
As a whole, the property totals approximately 15,576 square feet and is presented for sale as a standalone asset with no association fees.
The building offers ample dedicated parking and quick access and connection to I-5 and Hwy 78. It is located adjacent to the La Costa Meadows submarket, just off Rancho Santa Fe Road and Melrose Dr, placing it within North San Diego County.
As a whole, the property totals approximately 15,576 square feet and is presented for sale as a standalone asset with no association fees.
Key Highlights
- Freestanding industrial/flex building with assembly/lab area, warehouse, and sprinklered office
- Includes approximately 1,252 SF of additional office space
- Ample dedicated on‑site parking
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 | $560.7k | $36.00 |
| − Vacancy | −$80.2k | −$5.15 |
| EGI | $480.6k | $30.85 |
| − OpEx | −$120.1k | −$7.71 |
| NOI | $360.4k | $23.14 |
15,576 SF · lease $36.00/SF/yr · vacancy 14.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.15M
$4.51M – $6.01M
NOI $360,413 @ 7.0% cap · market cap 8.41%
Second Best
Flex RnD
$4.59M
$4.01M – $5.35M
NOI $321,062 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$7.14M
$6.24M – $8.33M
NOI $499,548 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92078, CA
52,347
Population
19,249
Households
2.7
Avg Household Size
39
Median Age
48%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
3,135
Density / Sq Mi
$114,905
Median Household Income
$55,060
Median Earnings
$2,468
Median Rent
$874,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Catering By Shanti — 1788 La Costa Meadows Dr #105, San Marcos, CA 92078
- Alliance For Student Aid Processing — 1611 S Rancho Santa Fe Rd # B, San Marcos, CA 92078
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex/industrial building with assembly/lab area, warehouse, sprinklered office, and ample dedicated parking.
Where is this flex space located?
The property is located at 1849 Diamond St. San Marcos, CA.
What is the asking price?
The asking price for this property is $4,283,400.
What are key features of this property?
This property features: Freestanding industrial/flex building with assembly/lab area, warehouse, and sprinklered office; Includes approximately 1,252 SF of additional office space; Ample dedicated on‑site parking
