San Marcos Industrial Building For
For Sale
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228 Venture St, San Marcos, CA 92078
6,138 SF industrial building with highway access in San Marcos.
Property Size6,138 SF
Price / SF$329.91
Days on Market190
Property Features for 228 Venture St
General Information
Standard status
Active
Size
6,138 SF
Property subtype
Industrial
Zoning
I - Industrial
Lease Type
Gross
Building Details
Year Built
1989
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Voit Real Estate Services Voit Carlsbad
Listed By:
Christopher Moussa · License #02111997
Source:
Crexi
Added: Feb 15
Changed: Aug 24
Last Checked: Aug 23 at 2:58AM
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 Voit Real Estate Services Voit Carlsbad
Investment Insights
Based on property information with market context.
This 6,138 square foot industrial building is located at 228 Venture St. in San Marcos, California. The building features 18’ clear height and two grade-level doors. There are 12 parking spaces available. The property offers a functional layout suitable for either multi-tenant or single-tenant use. The location provides excellent access to Highway 78 and is conveniently located near CSU San Marcos.
Key Highlights
- 6,138 SF Industrial Building
- Excellent Access to Highway 78
- Functional Multi‑Tenant or Single Tenant Layout
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
$85,272
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
4.21%
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%
$1,705,440
$1.7M
Cap Rate 7%
$1,218,171
$1.2M
Cap Rate 9%
$947,467
$947.5K
Market Conditions
NOI Build-Up for 6,138 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
$110.5K $18.00/SF
− Vacancy
−$10.2K −$1.66/SF
EGI
$100.3K $16.34/SF
− OpEx
−$15.0K −$2.45/SF
NOI
$85.3K $13.89/SF
Area
San Diego County, CA
Vacancy
9.20%
Lease Rate
$18.00 /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%
$1,705,440
Cap Rate 7%
$1,218,171
Cap Rate 9%
$947,467
Alternative Uses
Best Use
Warehouse
$1.22M
$1.07M – $1.42M
NOI $85,272 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$1.00M
$877.8K – $1.17M
NOI $70,224 @ 7.0% cap · market cap 3.47%
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $196,856 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,282
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92078, CA
52,347
Population
19,249
Households
2.7
Avg Household Size
39
Median Age
48%
College-Educated
92%
High-School Grad
16.7 sq mi
ZIP Area
3,135
Density / Sq Mi
$114,905
Median Household Income
$55,060
Median Earnings
$2,468
Median Rent
$874,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
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- CubeSmart Self Storage — 235 E Carmel St, San Marcos, CA 92078
- San Marcos Movers — 283 W Mission Rd, San Marcos, CA 92069
Frequently Asked Questions
What type of property is this?
Warehouse - 6,138 SF industrial building with highway access in San Marcos.
Where is this warehouse located?
The property is located at 228 Venture St San Marcos, CA.
What is the asking price?
The asking price for this property is $2,025,000.
What are key features of this property?
This property features: 6,138 SF Industrial Building; Excellent Access to Highway 78; Functional Multi‑Tenant or Single Tenant Layout
