Second-Floor Office
202-950 Boardwalk, San Marcos, CA 92078
For Sale
$435,000
Configured suite includes private offices, conference space, reception, break area, and flexible administrative workspace.
Property Size38,500 SF
Lot Size1.55 Acres
Price / SF$287.13
Days on Market112
Property Features for 202-950 Boardwalk
General Information
Standard status
Size
Elevators
Lot size
Site & Location
Highway Access
Public Transit
Additional Details
Floor
Office Units
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Buildings
Stories
Building Size
Tenancy
Listing Agency:
Sean ONeil-Broker
(951) 285-6777
Listed By:
Sean ONeil · License CA #01394321
(760) 237-0352
Source:
Exprealty
Added: Jul 21
Changed: Oct 26
Last Checked: Nov 8 at 7:39AM
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 Sean ONeil-Broker
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Investment Insights
Based on property information with market context.
Suite 202 is a 1,515 SF office condominium on the second floor of a three-story, elevator-served building completed in 2006. The interior provides a reception and lobby area, five private offices, a large conference room, a break room with sink, and an additional flex or administrative workspace. The suite is near the elevator, common restrooms, and stairway, with a layout identified for professional, legal, financial, consulting, insurance, real estate, healthcare-related, and administrative office uses.
The property is located at 202-950 Boardwalk along W San Marcos Blvd in the Park Place North commercial corridor. The 38,500-square-foot building occupies 1.55 acres and contains 18 units. SR-78 provides regional access toward Oceanside, Vista, Escondido, I-5, and I-15. A 2021 traffic analysis reported approximately 36,900 average daily vehicles on the nearest measured segment of W San Marcos Blvd.
The property is located at 202-950 Boardwalk along W San Marcos Blvd in the Park Place North commercial corridor. The 38,500-square-foot building occupies 1.55 acres and contains 18 units. SR-78 provides regional access toward Oceanside, Vista, Escondido, I-5, and I-15. A 2021 traffic analysis reported approximately 36,900 average daily vehicles on the nearest measured segment of W San Marcos Blvd.
Key Highlights
- 1,515 SF second‑floor office condominium in an elevator‑served building
- Five private offices plus a large conference room and reception area
- Break room with sink and separate flex or administrative workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,056
Cap Rate
8.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,120
$701.1K
Cap Rate 7%
$500,800
$500.8K
Cap Rate 9%
$389,511
$389.5K
Market Conditions
NOI Build-Up for 1,515 SF
Gross rent
$54.5K $36.00/SF
− Vacancy
−$7.8K −$5.15/SF
EGI
$46.7K $30.85/SF
− OpEx
−$11.7K −$7.71/SF
NOI
$35.1K $23.14/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,120
Cap Rate 7%
$500,800
Cap Rate 9%
$389,511
Alternative Uses
Best Use
Office B
$500.8K
$438.2K – $584.3K
NOI $35,056 @ 7.0% cap · market cap 8.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$694.1K
$607.4K – $809.8K
NOI $48,589 @ 7.0% cap · market cap 11.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
18
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 92078, CA
52,347
Population
19,249
Households
2.7
Avg Household Size
39
Median Age
48%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
3,135
Density / Sq Mi
$114,905
Median Household Income
$55,060
Median Earnings
$2,468
Median Rent
$874,000
Median Home Value
Market
Average Price Trend$/SF for Office Units in San Diego County, CA
Properties on Market for Office Units in San Diego County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Configured suite includes private offices, conference space, reception, break area, and flexible administrative workspace.
Where is this office unit located?
The property is located at 202-950 Boardwalk San Marcos, CA.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,515 SF second‑floor office condominium in an elevator‑served building; Five private offices plus a large conference room and reception area; Break room with sink and separate flex or administrative workspace
