Flex Space
177 Newport Drive San Marcos, CA 92069
177 Newport Drive, San Marcos, CA, 92069
Contact for pricing
For Sale
Contact for pricing
For sale flex space property offering a mix of office and industrial unit options.
Property Size19,639 SF
Price / SF$274.91
Days on Market67
Property Features for 177 Newport Drive
General Information
- Standard status
- Active
- Size
- 19,639 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing agency
Lee & Associates San Diego - Carlsbad
Listed by
Rusty Williams · License #CA 01390702
Source
Crexi
Added: May 16 Updated: Jul 21 at 2:13AM Checked: Jul 21 at 2:13AM
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 Lee & Associates San Diego - Carlsbad
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $707.0k | $36.00 |
| − Vacancy | −$101.1k | −$5.15 |
| EGI | $605.9k | $30.85 |
| − OpEx | −$151.5k | −$7.71 |
| NOI | $454.4k | $23.14 |
19,639 SF · lease $36.00/SF/yr · vacancy 14.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.49M
$5.68M – $7.57M
NOI $454,427 @ 7.0% cap · market cap 8.42%
Second Best
Flex RnD
$5.78M
$5.06M – $6.75M
NOI $404,811 @ 7.0% cap · market cap 7.50%
Theoretical Best
Office A
$9.00M
$7.87M – $10.50M
NOI $629,856 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Crown Steel Mfg
Big Box & Wholesale Store
Raging Cider & Mead ...
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Mili's Sweets — 980 Los Vallecitos Blvd, San Marcos, CA 92069
- My Forking Kitchen — 803 W San Marcos Blvd, San Marcos, CA 92078
- Driana Catering Inc. — 980 Los Vallecitos Blvd, San Marcos, CA 92069
- Prime Cuts Catering — Suite B, 980 Los Vallecitos Blvd, San Marcos, CA 92069
- Marisco's Germán — Linda Vista Dr, San Marcos, CA 92078
FAQs
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 Drive 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
