Creative Office
For Sale
Contact for pricing
1431 Pacific Hwy, San Diego, CA 92101
Configured with an equipped kitchen, private restrooms, elevator access, and designated parking.
Property Size2,114 SF
Price / SF$567.64
Days on Market615
Property Features for 1431 Pacific Hwy
General Information
Standard status
Active
Size
2,114 SF
Total Parking Spaces
3
Elevators
Yes
Property subtype
OFFICE
Amenities
dedicated restrooms
full kitchen
Listing Agency:
QFC Real Estate
(619) 243-8454
Listed By:
Emmett Cahill · License #02033604
Source:
Moodyscre
Added: Dec 26, 2024
Changed: Aug 31
Last Checked: Sep 1 at 11:47PM
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 QFC Real Estate
Investment Insights
Based on property information with market context.
This 2,114-square-foot creative office property at 1431 Pacific Hwy in San Diego offers an open interior with ceiling heights ranging from 12 to 14 feet. The unit includes two dedicated restrooms and a full kitchen equipped with a sink, stove, microwave, refrigerator, and dishwasher.
Elevator access serves the unit, and three designated parking spaces are included. The Pacific Hwy address places the property in San Diego, California, with the building’s existing configuration suited to office-oriented use.
Elevator access serves the unit, and three designated parking spaces are included. The Pacific Hwy address places the property in San Diego, California, with the building’s existing configuration suited to office-oriented use.
Key Highlights
- 2,114 square feet of creative office space
- Open ceiling heights ranging from 12′-14′
- Full kitchen with sink, stove, microwave, refrigerator, and dishwasher
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
3.40%
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 2,114 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
$63.4K $30.00/SF
− Vacancy
−$9.0K −$4.26/SF
EGI
$54.4K $25.74/SF
− OpEx
−$13.6K −$6.44/SF
NOI
$40.8K $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%
$816,220
Cap Rate 7%
$583,014
Cap Rate 9%
$453,456
Alternative Uses
Best Use
Office B
$583.0K
$510.1K – $680.2K
NOI $40,811 @ 7.0% cap · market cap 3.40%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$835.0K
$730.6K – $974.1K
NOI $58,448 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,456
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
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Creative space - Configured with an equipped kitchen, private restrooms, elevator access, and designated parking.
Where is this creative space located?
The property is located at 1431 Pacific Hwy San Diego, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,114 square feet of creative office space; Open ceiling heights ranging from 12′-14′; Full kitchen with sink, stove, microwave, refrigerator, and dishwasher
