High-Clearance Flex
For Sale
Contact for pricing
3512 Seagate Way, Oceanside, CA 92056
Flex space built in 2007 featuring a corner suite with wraparound glass line and two roll-up doors.
Property Size4,904 SF
Price / SF$340
Days on Market193
Property Features for 3512 Seagate Way
General Information
Standard status
Active
Size
4,904 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Clear Height
24 ft
Building Details
Year Built
2007
Listing Agency:
Lee & Associates | North San Diego County
(760) 809-6893
Listed By:
Daniel Knoke · License #01269042
(760) 809-6893
Source:
Moodyscre
Added: Feb 18
Changed: Aug 7
Last Checked: Aug 29 at 10:54AM
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 Lee & Associates | North San Diego County
Investment Insights
Based on property information with market context.
This flex space within Seagate Corporate Center was built in 2007 and includes a corner suite with a wraparound glass line. The suite offers a kitchenette, a large open office floorplan, and two roll-up doors. The building provides 24’ clear height, supporting a variety of light industrial and office-flex uses.
The property is located with close proximity to I-5 and near restaurants, hotels, and mass transit stops for the Sprinter and bus.
With its open office layout, corner window line, and roll-up door access, the space is well-suited for users seeking a flexible environment that can support both front-office functionality and light operations.
The property is located with close proximity to I-5 and near restaurants, hotels, and mass transit stops for the Sprinter and bus.
With its open office layout, corner window line, and roll-up door access, the space is well-suited for users seeking a flexible environment that can support both front-office functionality and light operations.
Key Highlights
- 4,904 SF flex space within Seagate Corporate Center
- Built in 2007
- 24’ clear height in the building
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
$84,573
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%
$1,691,460
$1.7M
Cap Rate 7%
$1,208,186
$1.2M
Cap Rate 9%
$939,700
$939.7K
Market Conditions
NOI Build-Up for 4,904 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
$129.5K $26.40/SF
− Vacancy
−$16.7K −$3.41/SF
EGI
$112.8K $22.99/SF
− OpEx
−$28.2K −$5.75/SF
NOI
$84.6K $17.25/SF
Area
Oceanside, CA
Vacancy
12.90%
Lease Rate
$26.40 /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%
$1,691,460
Cap Rate 7%
$1,208,186
Cap Rate 9%
$939,700
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,573 @ 7.0% cap · market cap 5.07%
Second Best
Warehouse
$871.9K
$762.9K – $1.02M
NOI $61,034 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.64M
$1.44M – $1.91M
NOI $114,815 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92056, CA
53,750
Population
20,514
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
12.3 sq mi
ZIP Area
4,370
Density / Sq Mi
$102,570
Median Household Income
$50,029
Median Earnings
$2,536
Median Rent
$696,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Catering — 3715 Oceanic Way, Oceanside, CA 92056
- felix's catering — 3613 Ocean Ranch Blvd, Oceanside, CA 92056
Frequently Asked Questions
What type of property is this?
Flex space - Flex space built in 2007 featuring a corner suite with wraparound glass line and two roll-up doors.
Where is this flex space located?
The property is located at 3512 Seagate Way Oceanside, CA.
What is the asking price?
The asking price for this property is $1,667,360.
What are key features of this property?
This property features: 4,904 SF flex space within Seagate Corporate Center; Built in 2007; 24’ clear height in the building
