Second-Floor Office
For Sale
$435,000
202-950 Boardwalk, San Marcos, CA 92078
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 Market17
Property Features for 202-950 Boardwalk
General Information
Standard status
Active
Size
38,500 SF
Elevators
Yes
Lot size
1.55 Acres
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Floor
2
Office Units
18
Taxes and HOA fees
Annual Taxes
$5,350
Building Details
Year Built
2006
Buildings
1
Stories
3
Building Size
38,500 SF
Tenancy
Multi
Listing Agency:
Sean ONeil-Broker
(760) 237-0352
Listed By:
Sean ONeil · License #01394321
(760) 237-0352
Source:
Exprealty
Added: Jul 21
Changed: Aug 4
Last Checked: Aug 4 at 2:39AM
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
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 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 | $54.5k | $36.00 |
| − Vacancy | −$7.8k | −$5.15 |
| EGI | $46.7k | $30.85 |
| − OpEx | −$11.7k | −$7.71 |
| NOI | $35.1k | $23.14 |
1,515 SF · lease $36.00/SF/yr · vacancy 14.30% · expense 25.00%
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.
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured suite includes private offices, conference space, reception, break area, and flexible administrative workspace.
Where is this office units 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
