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Flex Industrial Building
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3282 Grey Hawk Court, Carlsbad, CA 92010

2008-built flex industrial building with a mix of office and warehouse space, featuring 20'7" clear height and grade-level loading.

Property Size8,396 SF
Price / SF$379.94
Days on Market9

Property Features for 3282 Grey Hawk Court

General Information

Standard status Active
Size 8,396 SF
Property subtype Office, Industrial

Additional Details

Clear Height 20.58 ft

Building Details

Year Built 2008
Buildings 1
Building Size 8,396 SF
Listing Agency: Voit Real Estate Services San Diego
Listed By: Brian Mulvaney · License #CA 00938944
Source: Crexi
Added: Jul 23 Changed: Jul 30 Last Checked: Jul 30 at 3:26PM

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 flex industrial building in the Grey Hawk Business Center offers a practical blend of office, training, and warehouse space, suited for owner-user businesses that need both working space and dedicated functional areas. The building was constructed in 2008 and is described as being in excellent condition, with high-image finishes throughout. Key operational features include approximately 20'7" clear height and grade-level loading.

The property is located at 3282 Grey Hawk Court in Carlsbad, California 92010, positioned within the project at a strategic location. At approximately 8,396 square feet, it provides a compact footprint for businesses looking to operate and manage daily activities from the same facility.

The space is presented as a flexible work environment that can support a variety of industrial-adjacent uses while maintaining a modern office and training component within the overall building footprint.

Key Highlights

  • Approximately 8,396 SF flex industrial building
  • Built in 2008 and described as in excellent condition
  • ~20'7" clear height

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 $277.1k $33.00
− Vacancy −$36.0k −$4.29
EGI $241.0k $28.71
− OpEx −$60.3k −$7.18
NOI $180.8k $21.53
8,396 SF · lease $33.00/SF/yr · vacancy 13.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.58M
$2.26M – $3.01M (±1% cap)
NOI $180,787 @ 7.0% cap · market cap 5.67%
Second Best
Flex RnD
$2.34M
$2.04M – $2.72M (±1% cap)
NOI $163,460 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M (±1% cap)
NOI $215,980 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Tommy Lee: Primerica ... Insurance Agency Palomar Reprographics Marketing & Advertising Abiqua Tech & Design Marketing & Advertising Sherlock Plumbing, Heating ... HVAC Service Business Capital Lender ... Business Broker

Suggested Use

Top Pick Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

20 ft
Clear height

Location Intelligence

Trade Area within ½ mile

1,157
Businesses Nearby
Under-served
Demand for This Use

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

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Harvest Kitchen Catering — 1495 Poinsettia Ave #152, Vista, CA 92081

Frequently Asked Questions

What type of property is this?
Flex space - 2008-built flex industrial building with a mix of office and warehouse space, featuring 20'7" clear height and grade-level loading.
Where is this flex space 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: Approximately 8,396 SF flex industrial building; Built in 2008 and described as in excellent condition; ~20'7" clear height
More about this property
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