Suite 150 Creative Flex
For Sale
Contact for pricing
2882 Whiptail Loop East, Carlsbad, CA 92010
Suite 150 blends creative office design with warehouse operations, offering abundant natural light and modern loading capabilities.
Property Size169,825 SF
Price / SF$329.75
Days on Market15
Property Features for 2882 Whiptail Loop East
General Information
Standard status
Active
Size
169,825 SF
Class
A
Property subtype
Office, Industrial
Zoning
PM
Amenities
resort-style outdoor amenities
modern loading capabilities
Building Details
Year Built
2019
Listing Agency:
Cushman & Wakefield - San Diego, California
(858) 452-6500
Listed By:
Drew Dodds · License #CA 02021095
Source:
Crexi
Added: Jul 23
Changed: Aug 3
Last Checked: Aug 5 at 11:19AM
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 Cushman & Wakefield - San Diego, California
Investment Insights
Based on property information with market context.
Suite 150 at Vector is a flex space combining creative office design with highly functional warehouse operations. The space is described as having premium finishes and abundant natural light, with modern loading capabilities supporting warehouse workflows. Outdoor amenities are also included as part of the broader campus experience.
Vector is identified as a purpose-built creative industrial campus with an office-and-warehouse configuration designed for business headquarters, advanced manufacturing, technology, and life science companies.
The property is listed at 169,825 SF and was built in 2019. Suite 150 is located at 2882 Whiptail Loop East in Carlsbad, CA 92010.
Vector is identified as a purpose-built creative industrial campus with an office-and-warehouse configuration designed for business headquarters, advanced manufacturing, technology, and life science companies.
The property is listed at 169,825 SF and was built in 2019. Suite 150 is located at 2882 Whiptail Loop East in Carlsbad, CA 92010.
Key Highlights
- Suite 150 flex space combining creative office design and warehouse operations
- Abundant natural light and premium finishes
- Modern loading capabilities for warehouse functionality
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
$3,656,757
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
6.53%
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%
$73,135,140
$73.1M
Cap Rate 7%
$52,239,386
$52.2M
Cap Rate 9%
$40,630,633
$40.6M
Market Conditions
NOI Build-Up for 169,825 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
$5.60M $33.00/SF
− Vacancy
−$728.5K −$4.29/SF
EGI
$4.88M $28.71/SF
− OpEx
−$1.22M −$7.18/SF
NOI
$3.66M $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%
$73,135,140
Cap Rate 7%
$52,239,386
Cap Rate 9%
$40,630,633
Alternative Uses
Best Use
Office B
$52.24M
$45.71M – $60.95M
NOI $3,656,757 @ 7.0% cap · market cap 6.53%
Second Best
Flex RnD
$47.23M
$41.33M – $55.10M
NOI $3,306,289 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$62.41M
$54.61M – $72.81M
NOI $4,368,605 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92010, CA
18,887
Population
7,114
Households
2.7
Avg Household Size
41
Median Age
55%
College-Educated
95%
High-School Grad
8.2 sq mi
ZIP Area
2,303
Density / Sq Mi
$120,612
Median Household Income
$69,955
Median Earnings
$2,764
Median Rent
$1,016,400
Median Home Value
Market
Vacancy Rate% for Office 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?
Flex space - Suite 150 blends creative office design with warehouse operations, offering abundant natural light and modern loading capabilities.
Where is this flex space located?
The property is located at 2882 Whiptail Loop East Carlsbad, CA.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Suite 150 flex space combining creative office design and warehouse operations; Abundant natural light and premium finishes; Modern loading capabilities for warehouse functionality
