Flex-Warehouse with Roll-Up
225-31 16th St San Diego, CA 91950
225-31 16th St, San Diego, CA, 91950
Contact for pricing
For Sale
Contact for pricing
Pending
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 Market182
Property Features for 225-31 16th St
General Information
- Standard status
- Pending
- Size
- 6,000 SF
- Property subtype
- Office, Retail, Industrial
Building Details
- Year Built
- 1991
Listing agency
LOF Realty
(619) 295-2211
Listed by
Brandon Loftus · License #01891776
Source
Crexi
Added: Jan 20 Updated: Jul 20 at 7:15PM Checked: Jul 20 at 7:15PM
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
Local Financial Insights For Flex RnD
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 | $144.0k | $24.00 |
| − Vacancy | −$10.1k | −$1.68 |
| EGI | $133.9k | $22.32 |
| − OpEx | −$46.9k | −$7.81 |
| NOI | $87.0k | $14.51 |
6,000 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 35.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- MishMash Catering Company — 1805 Newton Ave, San Diego, CA 92113
- Tamales Don Pepe y La Güera — 20 25th St, San Diego, CA 92102
- San Diego Private Chefs — 321 Tenth Ave, San Diego, CA 92101
- A+M Catering — 1735 National Ave, San Diego, CA 92113
- Apéro Mobile Bar — 321 Tenth Ave, San Diego, CA 92101
FAQs
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
