Freestanding Industrial Building in San
For Sale
$4,579,000
1370 Armorlite Drive, San Marcos, CA 92069
San Marcos industrial building with occupancy available January 1, 2026.
Property Size17,280 SF
Days on Market323
Property Features for 1370 Armorlite Drive
General Information
Standard status
Active
Size
17,280 SF
Property subtype
Industrial
Building Details
Building Size
17,280 SF
Year Built
1985
Listed By:
Rusty Williams, SIOR · License #CalDRE #01390702
(760) 644-1887
Source:
Lee-associates
Added: Nov 25, 2025
Changed: Oct 6
Last Checked: Oct 12 at 7:00PM
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 Rusty Williams, SIOR
Investment Insights
Based on property information with market context.
This is a freestanding industrial building centrally located in the San Marcos Business Park. The property has approximately 12% office space and a 16-foot clear height. It features 800 amps at 120/208 volts of power, a fully sprinklered system, 12 rollup doors, and skylights. A potential fenced yard is also present. Power is distributed throughout the building, and gas is available. Rollup doors are located on both sides of the building. The property, totaling 17,280 square feet, is estimated to be vacant and available for occupancy January 1, 2026.
Key Highlights
- Rare freestanding industrial building.
- Centrally located in the San Marcos Business Park.
- Vacant and available for occupancy January 1, 2026.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$240,061
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,801,220
$4.8M
Cap Rate 7%
$3,429,443
$3.4M
Cap Rate 9%
$2,667,344
$2.7M
Market Conditions
NOI Build-Up for 17,280 SF
Gross rent
$311.0K $18.00/SF
− Vacancy
−$28.6K −$1.66/SF
EGI
$282.4K $16.34/SF
− OpEx
−$42.4K −$2.45/SF
NOI
$240.1K $13.89/SF
Area
San Diego County, CA
Vacancy
9.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,801,220
Cap Rate 7%
$3,429,443
Cap Rate 9%
$2,667,344
Alternative Uses
Best Use
Warehouse
$3.43M
$3.00M – $4.00M
NOI $240,061 @ 7.0% cap · market cap 5.24%
Second Best
Industrial
$2.82M
$2.47M – $3.29M
NOI $197,697 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$7.92M
$6.93M – $9.24M
NOI $554,199 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,616
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92069, CA
49,407
Population
15,687
Households
3.1
Avg Household Size
34
Median Age
35%
College-Educated
83%
High-School Grad
18.5 sq mi
ZIP Area
2,671
Density / Sq Mi
$93,065
Median Household Income
$41,634
Median Earnings
$2,078
Median Rent
$714,700
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
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Frequently Asked Questions
What type of property is this?
Warehouse - San Marcos industrial building with occupancy available January 1, 2026.
Where is this warehouse located?
The property is located at 1370 Armorlite Drive San Marcos, CA.
What is the asking price?
The asking price for this property is $4,579,000.
What are key features of this property?
This property features: Rare freestanding industrial building.; Centrally located in the San Marcos Business Park.; Vacant and available for occupancy January 1, 2026.
