Professional Office
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For Sale
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4407 Manchester Ave, Encinitas, CA 92024
Compact office suite in an established professional campus with adjacent complimentary parking for owners, staff, patients, and clients.
Property Size480 SF
Price / SF$800
Days on Market5
Property Features for 4407 Manchester Ave
General Information
Standard status
Active
Size
480 SF
Property subtype
OFFICE
Listing Agency:
Urban Property Group (UPG)
(760) 889-2127
Listed By:
Amy McNamara · License #01083491
Source:
Moodyscre
Added: Aug 19
Changed: Aug 22
Last Checked: Aug 22 at 5:38AM
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 Urban Property Group (UPG)
Investment Insights
Based on property information with market context.
This 480-square-foot office unit is located within Encinitas Professional Park, an established professional office campus serving medical, legal, financial, and other professional service providers. The suite offers an owner-user setting within a campus environment and includes complimentary parking adjacent to the premises.
The property is near the signalized intersection of Encinitas Boulevard and Manchester Avenue, directly across from Rancho Santa Fe Plaza. El Camino Real is nearby for north-south travel through North County, while Downtown Encinitas and approximately six miles of Pacific coastline are a short drive away.
The property is near the signalized intersection of Encinitas Boulevard and Manchester Avenue, directly across from Rancho Santa Fe Plaza. El Camino Real is nearby for north-south travel through North County, while Downtown Encinitas and approximately six miles of Pacific coastline are a short drive away.
Key Highlights
- 480‑square‑foot office unit in Encinitas Professional Park
- Adjacent complimentary parking for owners, staff, patients, and clients
- Near the signalized intersection of Encinitas Boulevard and Manchester Avenue
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
$11,107
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
2.89%
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%
$222,140
$222.1K
Cap Rate 7%
$158,671
$158.7K
Cap Rate 9%
$123,411
$123.4K
Market Conditions
NOI Build-Up for 480 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
$17.3K $36.00/SF
− Vacancy
−$2.5K −$5.15/SF
EGI
$14.8K $30.85/SF
− OpEx
−$3.7K −$7.71/SF
NOI
$11.1K $23.14/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$36.00 /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%
$222,140
Cap Rate 7%
$158,671
Cap Rate 9%
$123,411
Alternative Uses
Best Use
Office B
$158.7K
$138.8K – $185.1K
NOI $11,107 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$219.9K
$192.4K – $256.6K
NOI $15,394 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 92024, CA
51,190
Population
21,566
Households
2.4
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
18.0 sq mi
ZIP Area
2,844
Density / Sq Mi
$149,080
Median Household Income
$70,949
Median Earnings
$2,643
Median Rent
$1,409,700
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 units - Compact office suite in an established professional campus with adjacent complimentary parking for owners, staff, patients, and clients.
Where is this office units located?
The property is located at 4407 Manchester Ave Encinitas, CA.
What is the asking price?
The asking price for this property is $384,000.
What are key features of this property?
This property features: 480‑square‑foot office unit in Encinitas Professional Park; Adjacent complimentary parking for owners, staff, patients, and clients; Near the signalized intersection of Encinitas Boulevard and Manchester Avenue
