Full-Floor Furnished Office
New
For Sale
$3,875,000
1350 Columbia St, San Diego, CA 92101
Designer-furnished office suite with private elevator access, collaborative work areas, conference space, and integrated technology infrastructure.
Property Size6,678 SF
Price / SF$580.26
Days on Market3
Property Features for 1350 Columbia St
General Information
Standard status
Active
Size
6,678 SF
Total Parking Spaces
7
Elevators
Yes
Space & Availability
Floor
9
Furnished
Yes
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Office Units
1
Amenities
polished concrete floors
soaring 12' ceilings
panoramic windows
collaborative bullpen
glass-walled conference room
privacy phone pods
hospitality bar with sink, dishwasher & beverage fridge
lounge area
dedicated server/storage room
in-suite restroom
CAT-6
fiber service
ceiling-mounted speakers
smart HVAC
security cams
bike storage
stylish lobby with digital directory
Building Details
Year Built
2007
Construction
exposed steel & ductwork
Listing Agency:
Fantastik Realty
Listed By:
Robert Brown
(858) 397-3108
Source:
Myfabuloushome
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 17 at 2:54AM
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 Fantastik Realty
Investment Insights
Based on property information with market context.
The 9th-floor office suite at Metrowork Condo encompasses approximately 6,678 SF and is legally structured as three combined condominium units. The designer-furnished workspace features an open collaborative area, glass-enclosed conference room, two phone rooms, lounge, hospitality bar with sink, dishwasher and beverage refrigerator, server and storage room, and an in-suite restroom. Polished concrete, 12-foot ceilings, exposed structural and mechanical elements, and windows on three sides define the interior. CAT-6, fiber service, ceiling speakers, smart HVAC, and security cameras are installed. A secure elevator provides direct access to the suite.
The property is located at 1350 Columbia St in San Diego, near Waterfront Park, Amtrak and the Trolley, Little Italy dining, I-5, and the airport. Seven deeded gated parking spaces and bike storage convey. The 2007 building includes a lobby with digital directory, while the HOA covers water, trash, and common-area janitorial service. Furniture, fixtures, and equipment are negotiable.
The property is located at 1350 Columbia St in San Diego, near Waterfront Park, Amtrak and the Trolley, Little Italy dining, I-5, and the airport. Seven deeded gated parking spaces and bike storage convey. The 2007 building includes a lobby with digital directory, while the HOA covers water, trash, and common-area janitorial service. Furniture, fixtures, and equipment are negotiable.
Key Highlights
- Approximately 6,678 SF on the 9th floor, legally configured as 3 combined condos
- 7 deeded gated parking spaces plus bike storage convey
- 12' ceilings with polished concrete floors and exposed steel and ductwork
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
$128,919
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
3.33%
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%
$2,578,380
$2.6M
Cap Rate 7%
$1,841,700
$1.8M
Cap Rate 9%
$1,432,433
$1.4M
Market Conditions
NOI Build-Up for 6,678 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
$200.3K $30.00/SF
− Vacancy
−$28.4K −$4.26/SF
EGI
$171.9K $25.74/SF
− OpEx
−$43.0K −$6.44/SF
NOI
$128.9K $19.31/SF
Area
San Diego, CA
Vacancy
14.20%
Lease Rate
$30.00 /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%
$2,578,380
Cap Rate 7%
$1,841,700
Cap Rate 9%
$1,432,433
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,919 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.64M
$2.31M – $3.08M
NOI $184,633 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 92101, CA
47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Designer-furnished office suite with private elevator access, collaborative work areas, conference space, and integrated technology infrastructure.
Where is this office units located?
The property is located at 1350 Columbia St San Diego, CA.
What is the asking price?
The asking price for this property is $3,875,000.
What are key features of this property?
This property features: Approximately 6,678 SF on the 9th floor, legally configured as 3 combined condos; 7 deeded gated parking spaces plus bike storage convey; 12' ceilings with polished concrete floors and exposed steel and ductwork
