Versatile Commercial/Industrial Space
For Sale
$1,990,000
3065 Beyer Boulevard 104, San Diego, CA 92154
Multi-use commercial/industrial space in a sought-after, central location.
Property Size7,192 SF
Days on Market239
Property Features for 3065 Beyer Boulevard 104
General Information
Standard status
Active
Size
7,192 SF
Property subtype
Industrial
Building Details
Building Size
7,192 SF
Year Built
1986
Listing Agency:
Coldwell Banker West
Listed By:
Victor Ibarra · License #01238080
(619) 850-5473
Source:
Velocityrealtysd
Added: Jan 20
Changed: Sep 8
Last Checked: Sep 15 at 10:53AM
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 Coldwell Banker West
Investment Insights
Based on property information with market context.
This multi-use commercial/industrial and office property is situated in a highly sought-after, centrally located area with convenient access to freeways and the international border with Mexico. The property features a large roll-up door with loading dock access at the rear, complemented by ample parking. The front of the property includes a separate entrance suitable for an office or business reception area, along with shared parking spaces. Located in the 3 Flags Business Park, the property is in close proximity to the 905 Freeway, trolley station, and bus routes. The location has a bike score of 35, indicating it is somewhat bikeable, a walk score of 36, indicating car-dependent surroundings, and a transit score of 62, reflecting good transit options.
Key Highlights
- Multi‑use Commercial/Industrial/Office property with loading dock access.
- Highly sought‑after, central location near freeways and the international border with Mexico.
- Large roll‑up door and loading dock in the back with ample parking.
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
$100,976
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
5.07%
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%
$2,019,520
$2.0M
Cap Rate 7%
$1,442,514
$1.4M
Cap Rate 9%
$1,121,956
$1.1M
Market Conditions
NOI Build-Up for 7,192 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
$172.6K $24.00/SF
− Vacancy
−$17.3K −$2.40/SF
EGI
$155.3K $21.60/SF
− OpEx
−$54.4K −$7.56/SF
NOI
$101.0K $14.04/SF
Area
ZIP 92154
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,019,520
Cap Rate 7%
$1,442,514
Cap Rate 9%
$1,121,956
Alternative Uses
Best Use
Flex RnD
$1.44M
$1.26M – $1.68M
NOI $100,976 @ 7.0% cap · market cap 5.07%
Second Best
Industrial
$1.18M
$1.03M – $1.37M
NOI $82,282 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$2.57M
$2.25M – $3.00M
NOI $180,203 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
611
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92154, CA
84,027
Population
23,832
Households
3.5
Avg Household Size
36
Median Age
21%
College-Educated
80%
High-School Grad
51.3 sq mi
ZIP Area
1,638
Density / Sq Mi
$90,035
Median Household Income
$42,333
Median Earnings
$2,143
Median Rent
$606,400
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 Industrial in San Diego, CA
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-use commercial/industrial space in a sought-after, central location.
Where is this flex space located?
The property is located at 3065 Beyer Boulevard 104 San Diego, CA.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Multi‑use Commercial/Industrial/Office property with loading dock access.; Highly sought‑after, central location near freeways and the international border with Mexico.; Large roll‑up door and loading dock in the back with ample parking.
