For-Sale Office
For Sale
Contact for pricing
221 W Crest St, Escondido, CA 92025
For sale office building in Escondido with a reported 9.1% office vacancy rate.
Property Size30,896 SF
Price / SF$208.71
Days on Market195
Property Features for 221 W Crest St
General Information
Standard status
Active
Size
30,896 SF
Total Parking Spaces
103
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1991
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
CBRE - Orange County
Listed By:
Matt Harris · License #CA 02085087
Source:
Crexi
Added: Feb 24
Changed: Sep 4
Last Checked: Aug 31 at 4:38PM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
This for-sale office building at 221 W Crest St in Escondido, CA 92025 is offered as part of a broader commercial real estate offering. The property is sized at 30,896 square feet.
Public remarks point to market stability in Escondido, citing a current office vacancy rate of 9.1% and historical stability of vacancy rates within San Diego County. Interested parties can review the offering details and confirm all terms, building features, and financials during the due diligence process.
Public remarks point to market stability in Escondido, citing a current office vacancy rate of 9.1% and historical stability of vacancy rates within San Diego County. Interested parties can review the offering details and confirm all terms, building features, and financials during the due diligence process.
Key Highlights
- Office building for sale in Escondido
- Year built: 1991
- Reported office vacancy rate in Escondido: 9.1%
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
$562,579
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
8.72%
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%
$11,251,580
$11.3M
Cap Rate 7%
$8,036,843
$8.0M
Cap Rate 9%
$6,250,878
$6.3M
Market Conditions
NOI Build-Up for 30,896 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
$889.8K $28.80/SF
− Vacancy
−$139.7K −$4.52/SF
EGI
$750.1K $24.28/SF
− OpEx
−$187.5K −$6.07/SF
NOI
$562.6K $18.21/SF
Area
Escondido, CA
Vacancy
15.70%
Lease Rate
$28.80 /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%
$11,251,580
Cap Rate 7%
$8,036,843
Cap Rate 9%
$6,250,878
Alternative Uses
Best Use
Office B
$8.04M
$7.03M – $9.38M
NOI $562,579 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.91M
$9.54M – $12.72M
NOI $763,453 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 92025, CA
51,586
Population
17,376
Households
3
Avg Household Size
35
Median Age
28%
College-Educated
78%
High-School Grad
22.4 sq mi
ZIP Area
2,303
Density / Sq Mi
$71,716
Median Household Income
$41,218
Median Earnings
$1,823
Median Rent
$767,400
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 building - For sale office building in Escondido with a reported 9.1% office vacancy rate.
Where is this office building located?
The property is located at 221 W Crest St Escondido, CA.
What is the asking price?
The asking price for this property is $6,448,160.
What are key features of this property?
This property features: Office building for sale in Escondido; Year built: 1991; Reported office vacancy rate in Escondido: 9.1%
