Office Flex Property with Rear
3148 Market St San Diego, CA 92102
3148 Market St, San Diego, CA, 92102
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For Sale
Contact for pricing
Vacant office flex property on a fully secure, gated lot with a detached rear warehouse for storage or workspace.
Property Size2,760 SF
Lot Size0.17 Acres
Price / SF$561.23
Days on Market86
Property Features for 3148 Market St
General Information
- Standard status
- Active
- Size
- 2,760 SF
- Lot size
- 0.17 Acres
- Property subtype
- Office, Industrial, Mixed Use
Listing agency
Define Real Estate
(619) 733-9038
Listed by
Daniel Fefferman · License #02026109
Source
Crexi
Added: Apr 28 Updated: Jul 22 at 5:18PM Checked: Jul 22 at 5:18PM
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 Define Real Estate
Investment Insights
Based on property information with market context.
This converted Craftsman-style building offers 2,760 square feet of office-flex space and was owner-occupied for more than two decades. The property sits on a 7,332 square foot fully secure and gated lot and includes a detached 960 square foot rear building currently used for warehouse and storage. Alley access supports the back portion of the site, creating practical separation between the primary office building and the detached storage/warehouse structure.
The property is located in the Stockton neighborhood between Logan Heights and Golden Hill, with convenient access to the 94, 15, and 5 freeways for connectivity throughout San Diego.
Delivered vacant at closing, it presents an owner-user option to operate from the front building with continued storage use in the detached rear structure, while retaining flexibility for future changes to the rear building, subject to buyer verification.
The property is located in the Stockton neighborhood between Logan Heights and Golden Hill, with convenient access to the 94, 15, and 5 freeways for connectivity throughout San Diego.
Delivered vacant at closing, it presents an owner-user option to operate from the front building with continued storage use in the detached rear structure, while retaining flexibility for future changes to the rear building, subject to buyer verification.
Key Highlights
- 2,760 SF office‑flex property built as a Craftsman home and converted for office use
- Vacant at closing for immediate owner‑user or SBA occupancy
- Fully secure, gated 7,332 SF lot with alley access for the rear portion
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.8k | $30.00 |
| − Vacancy | −$11.8k | −$4.26 |
| EGI | $71.0k | $25.74 |
| − OpEx | −$17.8k | −$6.44 |
| NOI | $53.3k | $19.31 |
2,760 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$761.2K
$666.0K – $888.0K
NOI $53,282 @ 7.0% cap · market cap 3.44%
Second Best
Flex RnD
$572.0K
$500.5K – $667.4K
NOI $40,042 @ 7.0% cap · market cap 2.59%
Theoretical Best
Specialty Retail
$1.09M
$953.9K – $1.27M
NOI $76,308 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Perkins Custom Coatings
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- LSG Sky Chefs — 675 Gateway Center Dr a, San Diego, CA 92102
- Taqueria Campos — 2796 K St, San Diego, CA 92102
- Tamales Don Pepe y La Güera — 20 25th St, San Diego, CA 92102
- Hibachi Catering San Diego — 3275 Market St, San Diego, CA 92102
FAQs
What type of property is this?
Flex space - Vacant office flex property on a fully secure, gated lot with a detached rear warehouse for storage or workspace.
Where is this flex space located?
The property is located at 3148 Market St San Diego, CA.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: 2,760 SF office‑flex property built as a Craftsman home and converted for office use; Vacant at closing for immediate owner‑user or SBA occupancy; Fully secure, gated 7,332 SF lot with alley access for the rear portion
