Two-Story Office
New
For Sale
Contact for pricing
2171 S EL CAMINO REAL, Oceanside, CA 92054
Two-story office property with existing month-to-month tenancy.
Property Size10,316 SF
Lot Size0.49 Acres
Price / SF$295.27
Days on Market4
Property Features for 2171 S EL CAMINO REAL
General Information
Standard status
Active
Size
10,316 SF
Total Parking Spaces
23
Lot size
0.49 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$3,046,000
Building Details
Buildings
1
Stories
2
Building Size
10,316 SF
Listing Agency:
Cast Capital Partners
Listed By:
Marc Posthumus · License #CA 01440118
(858) 401-3898
Source:
Crexi
Added: Sep 14
Changed: Sep 16
Last Checked: Sep 16 at 1:52PM
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 Cast Capital Partners
Investment Insights
Based on property information with market context.
This two-story office building contains 10,316 square feet on a 21,471-square-foot parcel, or approximately 0.49 acres. Parking includes 13 surface stalls and 10 covered stalls. Existing month-to-month tenancy provides an occupancy structure that can support a gradual transition for an owner-user while maintaining current use during the process.
The property fronts South El Camino Real in Oceanside, providing exposure along a major north-south route. Restaurants, coffee shops, and everyday amenities are within walking distance. The site also offers access to Route 78, Route 76, and Interstate 5, with the Oceanside coastline, Oceanside Pier, and Camp Pendleton a short drive away.
The property fronts South El Camino Real in Oceanside, providing exposure along a major north-south route. Restaurants, coffee shops, and everyday amenities are within walking distance. The site also offers access to Route 78, Route 76, and Interstate 5, with the Oceanside coastline, Oceanside Pier, and Camp Pendleton a short drive away.
Key Highlights
- 10,316 SF two‑story office building
- 21,471 SF parcel totaling 0.49 AC
- 13 surface parking stalls and 10 covered stalls
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
$177,908
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
5.84%
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%
$3,558,160
$3.6M
Cap Rate 7%
$2,541,543
$2.5M
Cap Rate 9%
$1,976,756
$2.0M
Market Conditions
NOI Build-Up for 10,316 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
$272.3K $26.40/SF
− Vacancy
−$35.1K −$3.41/SF
EGI
$237.2K $22.99/SF
− OpEx
−$59.3K −$5.75/SF
NOI
$177.9K $17.25/SF
Area
Oceanside, CA
Vacancy
12.90%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$3,558,160
Cap Rate 7%
$2,541,543
Cap Rate 9%
$1,976,756
Alternative Uses
Best Use
Office B
$2.54M
$2.22M – $2.97M
NOI $177,908 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.45M
$3.02M – $4.03M
NOI $241,523 @ 7.0% cap · market cap 7.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,403
Businesses Nearby
Explore this area
Business Placement
Demographics for 92054, CA
38,667
Population
18,113
Households
2.1
Avg Household Size
38
Median Age
36%
College-Educated
86%
High-School Grad
7.5 sq mi
ZIP Area
5,156
Density / Sq Mi
$76,974
Median Household Income
$38,716
Median Earnings
$1,847
Median Rent
$851,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office property with existing month-to-month tenancy.
Where is this office building located?
The property is located at 2171 S EL CAMINO REAL Oceanside, CA.
What is the asking price?
The asking price for this property is $3,046,000.
What are key features of this property?
This property features: 10,316 SF two‑story office building; 21,471 SF parcel totaling 0.49 AC; 13 surface parking stalls and 10 covered stalls
