Flex Space with Wraparound
For Sale
Contact for pricing
3246 Grey Hawk Ct, Carlsbad, CA 92010
Private commercial setting with access to I-5, Highway 78, and Palomar Airport.
Property Size6,226 SF
Price / SF$341.95
Days on Market653
Property Features for 3246 Grey Hawk Ct
General Information
Standard status
Active
Size
6,226 SF
Property subtype
FLEX_R_AND_D
Additional Details
Highway Access
Yes
Listing Agency:
Dubs and Company
(760) 591-4100
Listed By:
Kenneth Dubs, Jr.
Source:
Moodyscre
Added: Nov 18, 2024
Changed: Aug 30
Last Checked: Sep 1 at 7:29PM
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 Dubs and Company
Investment Insights
Based on property information with market context.
This 6,226-square-foot flex space is located at 3246 Grey Hawk Ct in Carlsbad, California. The property offers a private setting with abundant wrap-around parking, providing practical on-site access for occupants and visitors.
The business center is positioned in North County with access to I-5, Highway 78, and Palomar Airport. Its combination of flexible commercial space, substantial parking, and regional transportation access supports a range of business operations.
The business center is positioned in North County with access to I-5, Highway 78, and Palomar Airport. Its combination of flexible commercial space, substantial parking, and regional transportation access supports a range of business operations.
Key Highlights
- 6,226‑square‑foot flex space
- Abundant wrap‑around parking
- Private location at 3246 Grey Hawk Ct
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
$121,213
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
5.69%
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%
$2,424,260
$2.4M
Cap Rate 7%
$1,731,614
$1.7M
Cap Rate 9%
$1,346,811
$1.3M
Market Conditions
NOI Build-Up for 6,226 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
$194.3K $31.20/SF
− Vacancy
−$7.8K −$1.25/SF
EGI
$186.5K $29.95/SF
− OpEx
−$65.3K −$10.48/SF
NOI
$121.2K $19.47/SF
Area
Carlsbad, CA
Vacancy
4.00%
Lease Rate
$31.20 /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%
$2,424,260
Cap Rate 7%
$1,731,614
Cap Rate 9%
$1,346,811
Alternative Uses
Best Use
Flex RnD
$1.73M
$1.52M – $2.02M
NOI $121,213 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$1.10M
$965.2K – $1.29M
NOI $77,216 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,159 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
703
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Private commercial setting with access to I-5, Highway 78, and Palomar Airport.
Where is this flex space located?
The property is located at 3246 Grey Hawk Ct Carlsbad, CA.
What is the asking price?
The asking price for this property is $2,129,000.
What are key features of this property?
This property features: 6,226‑square‑foot flex space; Abundant wrap‑around parking; Private location at 3246 Grey Hawk Ct
