Contiguous Office
For Sale
Contact for pricing
2540 Gateway Road, Carlsbad, CA 92009
Office units available now, with space that can combine contiguously with an adjacent unit for a larger footprint.
Property Size3,542 SF
Price / SF$450
Days on Market104
Property Features for 2540 Gateway Road
General Information
Standard status
Active
Size
3,542 SF
Property subtype
OFFICE
Listing Agency:
CBRE | San Diego
(858) 546-4600
Listed By:
Chris Williams · License #01791013
(858) 761-7376
Source:
Moodyscre
Added: Jun 4
Changed: Sep 11
Last Checked: Sep 15 at 5:47AM
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 | San Diego
Investment Insights
Based on property information with market context.
These office units offer 3,542 SF of available space for sale or lease. The space is available now and can be combined contiguously with 2542 for a total of 7,120 SF.
The property is located at 2540 Gateway Road in Carlsbad, CA. If you need additional contiguous space, this configuration supports scaling within the same combined footprint.
The property is located at 2540 Gateway Road in Carlsbad, CA. If you need additional contiguous space, this configuration supports scaling within the same combined footprint.
Key Highlights
- 3,542 SF office units available now
- For sale or lease
- Contiguous option with 2542 for total 7,120 SF
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
$76,268
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
4.78%
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%
$1,525,360
$1.5M
Cap Rate 7%
$1,089,543
$1.1M
Cap Rate 9%
$847,422
$847.4K
Market Conditions
NOI Build-Up for 3,542 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
$116.9K $33.00/SF
− Vacancy
−$15.2K −$4.29/SF
EGI
$101.7K $28.71/SF
− OpEx
−$25.4K −$7.18/SF
NOI
$76.3K $21.53/SF
Area
Carlsbad, CA
Vacancy
13.00%
Lease Rate
$33.00 /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%
$1,525,360
Cap Rate 7%
$1,089,543
Cap Rate 9%
$847,422
Alternative Uses
Best Use
Office B
$1.09M
$953.4K – $1.27M
NOI $76,268 @ 7.0% cap · market cap 4.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,115 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,713
Businesses Nearby
Explore this area
Business Placement
Demographics for 92009, CA
44,816
Population
17,085
Households
2.6
Avg Household Size
44
Median Age
64%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,673
Density / Sq Mi
$162,128
Median Household Income
$68,634
Median Earnings
$2,955
Median Rent
$1,219,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Office units available now, with space that can combine contiguously with an adjacent unit for a larger footprint.
Where is this office units located?
The property is located at 2540 Gateway Road Carlsbad, CA.
What is the asking price?
The asking price for this property is $1,593,900.
What are key features of this property?
This property features: 3,542 SF office units available now; For sale or lease; Contiguous option with 2542 for total 7,120 SF
