Industrial Condo in San
For Sale
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1534 Santiago Ridge Way, San Diego, CA 92154
2,183 SF industrial condo with roll-up door for sale.
Property Size2,183 SF
Price / SF$295.92
Days on Market159
Property Features for 1534 Santiago Ridge Way
General Information
Standard status
Active
Size
2,183 SF
Property subtype
Industrial
Listing Agency:
Colliers - Los Angeles - La Jolla, California
Listed By:
Chuck Wasker · License #CA
Source:
Crexi
Added: May 13
Changed: Oct 10
Last Checked: Oct 16 at 6:00AM
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 Colliers - Los Angeles - La Jolla, California
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Investment Insights
Based on property information with market context.
This industrial condominium, situated within a well-maintained industrial park in San Diego, offers 2,183 square feet of cold shell space. The property is plumbed for a restroom and HVAC system. It features a private entrance, a sprinkler system, and a rear roll-up door with dimensions of 12' X 10'. Parking is available at a rate of 2.5 spaces per 1,000 square feet. The property is currently vacant.
Key Highlights
- Located in a well‑kept industrial park in San Diego.
- 2,183 square feet of cold shell space.
- Great parking with 2.5 spaces per 1,000 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,649
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,980
$613.0K
Cap Rate 7%
$437,843
$437.8K
Cap Rate 9%
$340,544
$340.5K
Market Conditions
NOI Build-Up for 2,183 SF
Gross rent
$52.4K $24.00/SF
− Vacancy
−$5.2K −$2.40/SF
EGI
$47.2K $21.60/SF
− OpEx
−$16.5K −$7.56/SF
NOI
$30.6K $14.04/SF
Area
ZIP 92154
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,980
Cap Rate 7%
$437,843
Cap Rate 9%
$340,544
Alternative Uses
Best Use
Flex RnD
$437.8K
$383.1K – $510.8K
NOI $30,649 @ 7.0% cap · market cap 4.74%
Second Best
Industrial
$356.8K
$312.2K – $416.3K
NOI $24,975 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$781.4K
$683.7K – $911.6K
NOI $54,697 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92154, CA
84,027
Population
23,832
Households
3.5
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
51.3 sq mi
ZIP Area
1,638
Density / Sq Mi
$90,035
Median Household Income
$42,333
Median Earnings
$2,143
Median Rent
$606,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in San Diego, CA
Similar Off Market Nearby
- Baba Foods — 8765 Dead Stick Rd, San Diego, CA 92154
Frequently Asked Questions
What type of property is this?
Flex space - 2,183 SF industrial condo with roll-up door for sale.
Where is this flex space located?
The property is located at 1534 Santiago Ridge Way San Diego, CA.
What is the asking price?
The asking price for this property is $646,000.
What are key features of this property?
This property features: Located in a well‑kept industrial park in San Diego.; 2,183 square feet of cold shell space.; Great parking with 2.5 spaces per 1,000 square feet.
