Flex Space
For Sale
$5,399,000
177 Newport Dr, San Marcos, CA 92069
For sale flex space property offering a mix of office and industrial unit options.
Property Size19,420 SF
Days on Market160
Property Features for 177 Newport Dr
General Information
Standard status
Active
Size
19,420 SF
Property subtype
Industrial
Building Details
Building Size
19,420 SF
Year Built
1987
Listed By:
Jake Rubendall, SIOR · License #CalDRE #02037365
(818) 640-0838
Source:
Lee-associates
Added: May 16
Changed: Oct 21
Last Checked: Oct 20 at 6:21PM
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 Jake Rubendall, SIOR
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Investment Insights
Based on property information with market context.
This for-sale flex space property includes a mix of office units and industrial-style space configurations. The asset is marketed under multiple commercial categories, including flex space, industrial properties, office units, and office spaces.
The property is located at 177 Newport Drive in San Marcos, California (92069).
The property is located at 177 Newport Drive in San Marcos, California (92069).
Key Highlights
- Flex space property with a mix of office and industrial unit options
- Built in 1987
- Located at 177 Newport Drive, San Marcos, CA 92069
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$400,297
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,005,940
$8.0M
Cap Rate 7%
$5,718,529
$5.7M
Cap Rate 9%
$4,447,744
$4.4M
Market Conditions
NOI Build-Up for 19,420 SF
Gross rent
$717.8K $36.96/SF
− Vacancy
−$101.9K −$5.25/SF
EGI
$615.8K $31.71/SF
− OpEx
−$215.5K −$11.10/SF
NOI
$400.3K $20.61/SF
Area
San Diego County, CA
Vacancy
14.20%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,005,940
Cap Rate 7%
$5,718,529
Cap Rate 9%
$4,447,744
Alternative Uses
Best Use
Flex RnD
$5.72M
$5.00M – $6.67M
NOI $400,297 @ 7.0% cap · market cap 7.41%
Second Best
Industrial
$3.17M
$2.78M – $3.70M
NOI $222,180 @ 7.0% cap · market cap 4.12%
Theoretical Best
Office A
$8.90M
$7.79M – $10.38M
NOI $622,832 @ 7.0% cap · market cap 11.54%
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
2,041
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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- Driana Catering Inc. — 980 Los Vallecitos Blvd, San Marcos, CA 92069
- Prime Cuts Catering — Suite B, 980 Los Vallecitos Blvd, San Marcos, CA 92069
Frequently Asked Questions
What type of property is this?
Flex space - For sale flex space property offering a mix of office and industrial unit options.
Where is this flex space located?
The property is located at 177 Newport Dr San Marcos, CA.
What is the asking price?
The asking price for this property is $5,399,000.
What are key features of this property?
This property features: Flex space property with a mix of office and industrial unit options; Built in 1987; Located at 177 Newport Drive, San Marcos, CA 92069
