Flex-Warehouse with Roll-Up
For Sale
Contact for pricing
Pending
225-31 16th St, San Diego, CA 91950
Flex-warehouse with two roll-up doors and 28-foot clear height, configured for one contiguous space or two tenants.
Property Size6,000 SF
Days on Market227
Property Features for 225-31 16th St
General Information
Standard status
Pending
Size
6,000 SF
Property subtype
Office, Retail, Industrial
Zoning
INDUSTRIAL
Warehouse & Industrial
Clear Height
28 ft
Drive-In Doors
2
Building Details
Year Built
1991
Buildings
1
Units
1
Listing Agency:
LOF Realty
Listed By:
Brandon Loftus · License #01891776
(619) 295-2211
Source:
Crexi
Added: Jan 20
Changed: Aug 8
Last Checked: Jul 24 at 10:28AM
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 LOF Realty
Investment Insights
Based on property information with market context.
This flex-warehouse offers approximately 6,000 square feet of floor space between a usable ground floor and renovated mezzanine areas on each side. The warehouse can be operated contiguously as one large space, or left as configured to create two separate spaces.
Two large roll-up doors provide direct access to the warehouse area with 28-foot clear height. The property is offered for sale at 225-31 16th St in San Diego, CA 91950, in the heart of National City.
Two large roll-up doors provide direct access to the warehouse area with 28-foot clear height. The property is offered for sale at 225-31 16th St in San Diego, CA 91950, in the heart of National City.
Key Highlights
- 1991‑built flex‑warehouse with ~6,000 SF of floor space including usable ground floor and renovated mezzanine spaces
- 28‑foot clear height warehouse with two large roll‑up doors for straightforward loading and access
- Configured to operate as one contiguous large space or as two separate spaces for multi‑tenant use
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
$87,048
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
4.59%
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%
$1,740,960
$1.7M
Cap Rate 7%
$1,243,543
$1.2M
Cap Rate 9%
$967,200
$967.2K
Market Conditions
NOI Build-Up for 6,000 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
$144.0K $24.00/SF
− Vacancy
−$10.1K −$1.68/SF
EGI
$133.9K $22.32/SF
− OpEx
−$46.9K −$7.81/SF
NOI
$87.0K $14.51/SF
Area
San Diego, CA
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,740,960
Cap Rate 7%
$1,243,543
Cap Rate 9%
$967,200
Alternative Uses
Best Use
Flex RnD
$1.24M
$1.09M – $1.45M
NOI $87,048 @ 7.0% cap · market cap 4.59%
Second Best
Warehouse
$1.23M
$1.08M – $1.44M
NOI $86,163 @ 7.0% cap · market cap 4.55%
Theoretical Best
Specialty Retail
$2.37M
$2.07M – $2.76M
NOI $165,888 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
28 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
6,152
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 91950, CA
57,849
Population
19,049
Households
3
Avg Household Size
36
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
7,925
Density / Sq Mi
$63,858
Median Household Income
$34,013
Median Earnings
$1,600
Median Rent
$580,700
Median Home Value
Market
Vacancy Rate% for Industrial in San Diego, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Flex-warehouse with two roll-up doors and 28-foot clear height, configured for one contiguous space or two tenants.
Where is this flex space located?
The property is located at 225-31 16th St San Diego, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: 1991‑built flex‑warehouse with ~6,000 SF of floor space including usable ground floor and renovated mezzanine spaces; 28‑foot clear height warehouse with two large roll‑up doors for straightforward loading and access; Configured to operate as one contiguous large space or as two separate spaces for multi‑tenant use
