Office
For Sale
Contact for pricing
3282 Grey Hawk Court, Carlsbad, CA 92010
Office building offered for sale with 8,396 square feet of space.
Property Size8,396 SF
Price / SF$379.94
Days on Market146
Property Features for 3282 Grey Hawk Court
General Information
Standard status
Active
Size
8,396 SF
Property subtype
Office, Industrial
Zoning
P-M
Investment Type
Owner/User
Building Details
Year Built
2008
Stories
1
Listing Agency:
Voit Real Estate Services San Diego
Listed By:
Brian Mulvaney · License #CA 00938944
Source:
Crexi
Added: Apr 12
Changed: Sep 3
Last Checked: Sep 4 at 7:48PM
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 Voit Real Estate Services San Diego
Investment Insights
Based on property information with market context.
This office building is offered for sale and totals 8,396 square feet of commercial office space. The property is identified as an office asset in the listing materials.
The property is located at 3282 Grey Hawk Ct, Carlsbad, CA 92010.
Additional details on interior layout, improvements, and unit configuration are not provided in the available information.
The property is located at 3282 Grey Hawk Ct, Carlsbad, CA 92010.
Additional details on interior layout, improvements, and unit configuration are not provided in the available information.
Key Highlights
- Office building for sale with 8,396 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
$180,787
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
5.67%
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%
$3,615,740
$3.6M
Cap Rate 7%
$2,582,671
$2.6M
Cap Rate 9%
$2,008,744
$2.0M
Market Conditions
NOI Build-Up for 8,396 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
$277.1K $33.00/SF
− Vacancy
−$36.0K −$4.29/SF
EGI
$241.0K $28.71/SF
− OpEx
−$60.3K −$7.18/SF
NOI
$180.8K $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%
$3,615,740
Cap Rate 7%
$2,582,671
Cap Rate 9%
$2,008,744
Alternative Uses
Best Use
Office B
$2.58M
$2.26M – $3.01M
NOI $180,787 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $215,980 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,157
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale with 8,396 square feet of space.
Where is this office building located?
The property is located at 3282 Grey Hawk Court Carlsbad, CA.
What is the asking price?
The asking price for this property is $3,190,000.
What are key features of this property?
This property features: Office building for sale with 8,396 SF
