Refurbished Oceanside Warehouse with
For Sale
Contact for pricing
1816 Ord Way, Oceanside, CA
Recently refurbished warehouse in Oceanside featuring modern upgrades and amenities.
Property Size28,475 SF
Lot Size1.27 Acres
Price / SF$298
Days on Market295
Property Features for 1816 Ord Way
General Information
Standard status
Active
Size
28,475 SF
Lot size
1.27 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 1816 Ord Way Contact us- Floor
- Bldg
- Size
- 28,475 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
1816 Ord Way
- Near new condition - building completely refurbished inside & out
- New interior...
show more
Contact us
Listing Agency:
Lee & Associates | North San Diego County
(760) 929-9700
Listed By:
Rusty Williams · License #01390702 (CA)
(760) 644-1887
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Sep 4
Last Checked: Sep 15 at 9:15AM
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 | North San Diego County
Investment Insights
Based on property information with market context.
This near-new condition warehouse property, located in Oceanside, California, has been completely refurbished inside and out. The property features new interior and exterior paint, along with new carpet in the offices. The warehouse floor has a new epoxy concrete finish. An elevator/man-lift provides access from the warehouse to the mezzanine level. The property includes compressed air lines and an air compressor machine, as well as electric roll-up doors. An extensive security system with cameras is in place. Electrical distribution is available throughout the building. The roof comes with a 10-year warranty. The property size is 28,475 square feet.
Key Highlights
- Near new condition due to complete interior and exterior refurbishment
- 10‑year roof warranty
- New epoxy concrete warehouse floor
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
$354,395
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
4.18%
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%
$7,087,900
$7.1M
Cap Rate 7%
$5,062,786
$5.1M
Cap Rate 9%
$3,937,722
$3.9M
Market Conditions
NOI Build-Up for 28,475 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
$444.2K $15.60/SF
− Vacancy
−$27.3K −$0.96/SF
EGI
$416.9K $14.64/SF
− OpEx
−$62.5K −$2.20/SF
NOI
$354.4K $12.45/SF
Area
Oceanside, CA
Vacancy
6.14%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
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%
$7,087,900
Cap Rate 7%
$5,062,786
Cap Rate 9%
$3,937,722
Alternative Uses
Best Use
Warehouse
$5.06M
$4.43M – $5.91M
NOI $354,395 @ 7.0% cap · market cap 4.18%
Second Best
Flex RnD
$4.47M
$3.91M – $5.21M
NOI $312,702 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$9.52M
$8.33M – $11.11M
NOI $666,670 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Spry Movers — 4143 Avenida De La Plata B, Oceanside, CA 92056
- Extra Space Storage — 4567 Oceanside Blvd, Oceanside, CA 92056
Frequently Asked Questions
What type of property is this?
Warehouse - Recently refurbished warehouse in Oceanside featuring modern upgrades and amenities.
Where is this warehouse located?
The property is located at 1816 Ord Way Oceanside, CA.
What is the asking price?
The asking price for this property is $8,485,550.
What are key features of this property?
This property features: Near new condition due to complete interior and exterior refurbishment; 10‑year roof warranty; New epoxy concrete warehouse floor
