Two-Unit
For Sale
$895,000
Pending
1840 Wilson Avenue, National City, CA 91950
Gated parking serves two warehouse suites, each with an office and an ADA-compliant restroom.
Property Size4,664 SF
Days on Market13
Property Features for 1840 Wilson Avenue
General Information
Standard status
Pending
Size
4,664 SF
Zoning
CL
Warehouse & Industrial
Clear Height
28 ft
Power
200 amps
Three-Phase Power
No
Amenities
secure gated parking
separate offices
ADA compliant bathroom
whisper quiet air conditioning
Slab
No
0.0
Private
4664.0
1
Building Details
Building Size
4,664 SF
Year Built
1988
Stories
2
Construction
Split Face Concrete Block
Listing Agency:
(858) 358-7016
Listed By:
James Yan
Source:
Unitedhometeams
Added: Oct 17
Changed: Oct 29
Last Checked: Oct 29 at 2:36PM
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 James Yan
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Investment Insights
Based on property information with market context.
Built in 1988, this two-unit warehouse has split-face concrete block walls and steel-reinforced beams. Each unit includes a private office and an ADA-compliant bathroom. The building has 28-foot ceilings and two roll-up doors, each measuring 14 feet high by 16 feet wide. A PVC insulated roof with perimeter vents and exterior LED floodlights are among its improvements.
The property is near I-5 and has secure, gated parking. Electrical service is 200 AMP, single phase, with separate meters for the units. Air conditioning is installed in one unit. The structure was designed to accommodate a second floor, subject to obtaining a building permit.
The property is near I-5 and has secure, gated parking. Electrical service is 200 AMP, single phase, with separate meters for the units. Air conditioning is installed in one unit. The structure was designed to accommodate a second floor, subject to obtaining a building permit.
Key Highlights
- Two warehouse units, each with a separate office and ADA‑compliant bathroom
- 28‑foot ceilings and two roll‑up doors measuring 14'H x 16'W
- Split‑face concrete block construction with steel‑reinforced beams
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,794
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,880
$1.3M
Cap Rate 7%
$925,629
$925.6K
Cap Rate 9%
$719,933
$719.9K
Market Conditions
NOI Build-Up for 4,664 SF
Gross rent
$84.0K $18.00/SF
− Vacancy
−$7.7K −$1.66/SF
EGI
$76.2K $16.34/SF
− OpEx
−$11.4K −$2.45/SF
NOI
$64.8K $13.89/SF
Area
San Diego County, CA
Vacancy
9.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,295,880
Cap Rate 7%
$925,629
Cap Rate 9%
$719,933
Alternative Uses
Best Use
Warehouse
$925.6K
$809.9K – $1.08M
NOI $64,794 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.14M
$1.87M – $2.49M
NOI $149,582 @ 7.0% cap · market cap 16.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
28 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,384
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 91950, CA
57,849
Population
19,049
Households
3
Avg Household Size
36
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
7,925
Density / Sq Mi
$63,858
Median Household Income
$34,013
Median Earnings
$1,600
Median Rent
$580,700
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- National City Self Storage — 430 W 30th St, National City, CA 91950
- A-1 Self Storage — 3200 National City Blvd, National City, CA 91950
- Self Storage — 2530 southport way, national city, ca 91950
- Self Storage — 2626 southport way, national city, ca 91950
- Extra Space Storage — 525 W 20th St, National City, CA 91950
Frequently Asked Questions
What type of property is this?
Warehouse - Gated parking serves two warehouse suites, each with an office and an ADA-compliant restroom.
Where is this warehouse located?
The property is located at 1840 Wilson Avenue National City, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Two warehouse units, each with a separate office and ADA‑compliant bathroom; 28‑foot ceilings and two roll‑up doors measuring 14'H x 16'W; Split‑face concrete block construction with steel‑reinforced beams
