Light Industrial Catering and Flex
3648 Olive Lemon Grove, CA 91945
For Sale
$750,000
Well-equipped light industrial property with office support, high-clearance warehouse space, and roll-up dock loading.
Property Size4,202 SF
Price / SF$178.49
Days on Market51
Property Features for 3648 Olive
General Information
- Standard status
- Active
- Size
- 4,202 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1993
Listing Agency:
(760) 846-0729
Listed By:
Grace Carter
(760) 846-0729
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 23 at 8:00AM
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 Grace Carter
Investment Insights
Based on property information with market context.
This versatile light industrial property is currently operating as a commercial catering facility and includes a mix of warehouse space and office. The downstairs area offers approximately 18-foot clear height ceilings, abundant natural light from skylights and windows, and two large roll-up dock doors for loading and unloading. Power is wired for 220 amps, supporting light industrial and production needs. Additional workspace is provided through two mezzanine areas totaling approximately 1,434 square feet, including a permitted west mezzanine and an east mezzanine that includes finished space and a portion noted as unpermitted.
The upstairs office areas are supported by carpeted flooring, air conditioning, dedicated work areas, and a private restroom. For customer and employee access, the property includes seven front parking spaces plus a large chain-link fenced front yard area that can support secured parking, storage, equipment, or fleet vehicles.
Designed for owner-users and operating companies, the combination of high-clearance warehouse, dock loading, supplemental mezzanine workspace, and functional administration space fits a range of light industrial uses such as catering, brewery, light manufacturing, warehouse, distribution, or other light industrial business operations. Buyer should verify all square footage, zoning, permits, and suitability for intended business operations.
The upstairs office areas are supported by carpeted flooring, air conditioning, dedicated work areas, and a private restroom. For customer and employee access, the property includes seven front parking spaces plus a large chain-link fenced front yard area that can support secured parking, storage, equipment, or fleet vehicles.
Designed for owner-users and operating companies, the combination of high-clearance warehouse, dock loading, supplemental mezzanine workspace, and functional administration space fits a range of light industrial uses such as catering, brewery, light manufacturing, warehouse, distribution, or other light industrial business operations. Buyer should verify all square footage, zoning, permits, and suitability for intended business operations.
Key Highlights
- Light industrial building built in 1993 with approximately 4,202 SF of office and warehouse space (3,866 SF permitted, buyer to verify).
- Downstairs warehouse features 18‑foot clear height ceilings, skylights and windows for natural light, and two large roll‑up dock doors.
- Power wired for 220 amps, with 2,768 SF downstairs area designed for efficient loading/unloading and light industrial use.
Financial Insights For Warehouse
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 | $75.6k | $18.00 |
| − Vacancy | −$7.0k | −$1.66 |
| EGI | $68.7k | $16.34 |
| − OpEx | −$10.3k | −$2.45 |
| NOI | $58.4k | $13.89 |
4,202 SF · lease $18.00/SF/yr · vacancy 9.20% · expense 15.00%
Alternative Uses
Best Use
Specialty Retail
$1.57M
$1.37M – $1.83M
NOI $109,810 @ 7.0% cap · market cap 14.64%
Second Best
Flex RnD
$1.24M
$1.08M – $1.44M
NOI $86,614 @ 7.0% cap · market cap 11.55%
Theoretical Best
Office A
$1.93M
$1.68M – $2.25M
NOI $134,765 @ 7.0% cap · market cap 17.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gage Construction Co
Construction Company
Similar Off Market Nearby
- Belinda's Familia Mexican Food Truck — 7939 Broadway, Lemon Grove, CA 91945
FAQs
What type of property is this?
Flex space - Well-equipped light industrial property with office support, high-clearance warehouse space, and roll-up dock loading.
Where is this flex space located?
The property is located at 3648 Olive Lemon Grove, CA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Light industrial building built in 1993 with approximately 4,202 SF of office and warehouse space (3,866 SF permitted, buyer to verify).; Downstairs warehouse features 18‑foot clear height ceilings, skylights and windows for natural light, and two large roll‑up dock doors.; Power wired for 220 amps, with 2,768 SF downstairs area designed for efficient loading/unloading and light industrial use.
