Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Space Available For Rent Title is generated by Realmo AI

    188 Newport Drive, San Marcos, CA 92069

    View on Map
    Claim this Listing
    For Lease
    $1.20 SF/Yr

    Commercial property available for rent in San Marcos, California.

    Type:Industrial
    Added:
    Mar 4, 2026
    Days on Market:
    91
    Last Refresh:
    Apr 5 at 9:51 pm

    Property Features for 188 Newport Drive

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1986

    Spaces For Lease

    at 188 Newport Drive Contact us

    We can help!

    Listing Contact
    Rusty Williams, SIOR

    Listing agent Rusty Williams, SIOR License #CalDRE #01390702

    Listing office

    Listing date Mar 4, 2026

    Source Lee-associates

    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 Rusty Williams, SIOR

    HighLights

    • Commercial property available for rent.
    • Located in San Marcos, California.
    • Built in 1986.

    Overview

    A commercial property is available for rent at 188 Newport Drive in San Marcos, California. The property is classified under specialty properties and other specialty properties, indicating its suitability for specific or unique business operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    MTO Commerce (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    San Diego
    State
    California
    Longitude
    -117.189
    Latitude
    33.1445

    Nearby Similar for Lease

    • $14 SF/Yr
      5,000 SF

      Creative Office Space Available

      Creative office space featuring conference room, offices, and kitchen.
      125 Vallecitos De Oro, San Marcos, CA 92069
      View Details
    • $0.11 SF/Yr
      9,751 SF

      San Marcos Industrial Space Available

      Industrial property in San Marcos with flexible zoning and quick freeway access.
      960-974 Rancheros Drive, San Marcos, CA 92069
      View Details
    • $2 SF/Yr
      10,705 SF

      San Marcos Office Space Available

      Office building in San Marcos, CA, offering 10705 square feet.
      751 Rancheros Dr, San Marcos, CA, 92069
      View Details
    • $1.45 SF/Yr
      82,436 SF

      Grocery Anchored Retail Space Available

      Retail spaces available within a Stater Brothers anchored shopping center.
      1230-1350 E Mission Rd | San Marcos, CA 92069, CA 92069
      View Details
    • $2.00 SF/Yr
      13,150 SF

      Retail/Office Space Near Cal State

      Office or retail space with street visibility and ample parking.
      1284-1292 W San Marcos Blvd, San Marcos, CA 92078
      View Details
    • $1.35 SF/Yr
      9,720 SF

      San Marcos Industrial Building For Lease

      9,720 SF industrial building near Cal State San Marcos.
      295 Trade St | San Marcos, CA 92078, CA 92078
      View Details
    • $1.70 SF/Yr
      23,440 SF

      San Marcos Industrial Space Available

      1,260 SF industrial space with excellent highway access and visibility.
      1232 Los Vallecitos Blvd | San Marcos, CA 92069, CA 92069
      View Details
    • $2 SF/Yr
      8,675 SF

      San Marcos Office Space Available

      Office space available for lease in San Marcos, CA.
      100 E San Marcos Blvd, San Marcos, CA, 92069
      View Details
    • $2 SF/Yr
      8,610 SF

      San Marcos Office Space Available

      Office space available for lease in San Marcos, California.
      277 Rancheros Dr, San Marcos, CA, 92069
      View Details
    • $1.65 SF/Yr
      18,624 SF

      San Marcos Industrial Business Park

      Multi-tenant industrial park with excellent highway access and ample parking.
      1219-1295 Linda Vista Dr & 401-423 Las Posas Rd | San Marcos, CA 92078, CA 92078
      View Details
    • $28,000 SF/Yr
      169,000 SF

      Hydroponic Greenhouse Facility for Rent

      State-of-the-art greenhouse with processing and storage areas available for rent.
      2075 N Twin Oaks Valley Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      1,575 SF

      San Marcos Office Space Available

      Office and coworking spaces for rent in San Marcos.
      1782, 1786, 1790 La Costa Meadows Dr, San Marcos, CA 92078
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property available for rent in San Marcos, California.
    Where is this specialty property located?
    The property is located at 188 Newport Drive San Marcos, CA.
    What is the lease rate?
    The lease rate is $1.20 SF/Yr.
    What are key features of this property?
    This property features: Commercial property available for rent.; Located in San Marcos, California.; Built in 1986.
    (760) 448-2453
    We can help!
    Listing Contact
    Rusty Williams, SIOR
    Real Estate License ID: CalDRE #01390702
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    188 Newport Drive, San Marcos, CA 92069
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!