Industrial Distribution Warehouse For
For Sale
$5,696,000
2261 Rutherford Rd, Carlsbad, CA 92008
Purchase an industrial distribution warehouse offering an investment opportunity with straightforward warehouse-oriented utility.
Property Size21,743 SF
Days on Market93
Property Features for 2261 Rutherford Rd
General Information
Standard status
Active
Size
21,743 SF
Property subtype
Industrial
Building Details
Building Size
21,743 SF
Year Built
1984
Listing Agency:
Lee & Associates | North San Diego County
Listed By:
Marko Dragovic · License #CalDRE #01773106
(858) 531-4523
Source:
Lee-associates
Added: Jun 2
Changed: Aug 31
Last Checked: Sep 1 at 5:05PM
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 Lee & Associates | North San Diego County
Investment Insights
Based on property information with market context.
This for-sale industrial distribution warehouse is positioned as a simple, functional option for buyers seeking a commercial property aligned with warehouse and distribution use. The offering is presented as “THE OPPORTUNITY,” reflecting an open window for an industrial buyer or investor to evaluate fit for holding and operating a warehouse-style asset.
The property is located at 2261 Rutherford Rd in Carlsbad, California. As a warehouse/distribution center type asset within the broader industrial property category, it is intended to serve businesses that need dedicated space for storage, handling, and distribution activities. Prospective buyers can review the property’s layout and build-out with their own due diligence to confirm how it supports day-to-day logistics requirements.
From a tenant and operator standpoint, this type of facility can work for a range of industrial users, including distribution-focused companies and warehouse operators looking to secure a property for ongoing operational needs or long-term investment goals. If you’re considering acquisition, the most productive next step is to assess the building’s suitability for your intended workflows, including how the space supports receiving, staging, and storage. Contact the broker for additional details and to discuss buyer objectives.
The property is located at 2261 Rutherford Rd in Carlsbad, California. As a warehouse/distribution center type asset within the broader industrial property category, it is intended to serve businesses that need dedicated space for storage, handling, and distribution activities. Prospective buyers can review the property’s layout and build-out with their own due diligence to confirm how it supports day-to-day logistics requirements.
From a tenant and operator standpoint, this type of facility can work for a range of industrial users, including distribution-focused companies and warehouse operators looking to secure a property for ongoing operational needs or long-term investment goals. If you’re considering acquisition, the most productive next step is to assess the building’s suitability for your intended workflows, including how the space supports receiving, staging, and storage. Contact the broker for additional details and to discuss buyer objectives.
Key Highlights
- Industrial distribution warehouse built in 1984
- Warehouse‑oriented property suitable for straightforward warehouse utility
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
$327,445
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
5.75%
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%
$6,548,900
$6.5M
Cap Rate 7%
$4,677,786
$4.7M
Cap Rate 9%
$3,638,278
$3.6M
Market Conditions
NOI Build-Up for 21,743 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
$399.2K $18.36/SF
− Vacancy
−$14.0K −$0.64/SF
EGI
$385.2K $17.72/SF
− OpEx
−$57.8K −$2.66/SF
NOI
$327.4K $15.06/SF
Area
Carlsbad, CA
Vacancy
3.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
15.00%
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%
$6,548,900
Cap Rate 7%
$4,677,786
Cap Rate 9%
$3,638,278
Alternative Uses
Best Use
Warehouse
$4.68M
$4.09M – $5.46M
NOI $327,445 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.99M
$6.99M – $9.32M
NOI $559,320 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,174
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92008, CA
27,282
Population
13,102
Households
2.1
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
10.4 sq mi
ZIP Area
2,623
Density / Sq Mi
$105,371
Median Household Income
$55,965
Median Earnings
$2,343
Median Rent
$1,142,300
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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?
Warehouse - Purchase an industrial distribution warehouse offering an investment opportunity with straightforward warehouse-oriented utility.
Where is this warehouse located?
The property is located at 2261 Rutherford Rd Carlsbad, CA.
What is the asking price?
The asking price for this property is $5,696,000.
What are key features of this property?
This property features: Industrial distribution warehouse built in 1984; Warehouse‑oriented property suitable for straightforward warehouse utility
