Flex/Office Building with T-Bar
4616 Mission Gorge Pl San Diego, CA 92120
4616 Mission Gorge Pl, San Diego, CA, 92120
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For Sale
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Fee-simple flex/office building with drop T-bar ceilings, replaced roof and select HVAC, and about 15 on-site parking spaces.
Property Size5,400 SF
Lot Size0.13 Acres
Price / SF$411.11
Days on Market109
Property Features for 4616 Mission Gorge Pl
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.13 Acres
- Property subtype
- Industrial, Office, Retail
Building Details
- Year Built
- 1971
Listing agency
Commercial Properties Services
Listed by
Steve Salmons · License #CA 00874893
Source
Crexi
Added: Apr 6 Updated: Jul 22 at 6:44PM Checked: Jul 22 at 6:44PM
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 Commercial Properties Services
Investment Insights
Based on property information with market context.
Fee simple flex/office building totaling approximately 5,400 sq. ft., with a lot size of approximately 5,760 sq. ft. The interior includes drop T-bar ceiling grid with heights described as approximately 10’ +/- and approximately 13’ +/- to roof. Construction is concrete block.
The property is zoned CC 3-8, with the information provided indicating potential for a variety of uses, including office, retail, medical, dental, and light industrial uses. Parking is reported as 15 spaces per the CoStar property report, and there is a reciprocal parking agreement with Caster Business Park Construction.
Roof and some HVAC units were replaced within the last four years. The building is described as deliverable vacant at the close of escrow, subject to buyer verification of zoning, parking count, and all dimensions and details.
The property is zoned CC 3-8, with the information provided indicating potential for a variety of uses, including office, retail, medical, dental, and light industrial uses. Parking is reported as 15 spaces per the CoStar property report, and there is a reciprocal parking agreement with Caster Business Park Construction.
Roof and some HVAC units were replaced within the last four years. The building is described as deliverable vacant at the close of escrow, subject to buyer verification of zoning, parking count, and all dimensions and details.
Key Highlights
- Fee‑simple commercial/flex office building built in 1971 with approx. 5,400 SF.
- Approx. 15 on‑site parking spaces, plus reciprocal parking agreement with Caster Business Park.
- Zoned CC 3‑8, with potential uses including office, retail, medical, dental, and light industrial.
Local 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 | $162.0k | $30.00 |
| − Vacancy | −$23.0k | −$4.26 |
| EGI | $139.0k | $25.74 |
| − OpEx | −$34.7k | −$6.44 |
| NOI | $104.2k | $19.31 |
5,400 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.49M
$1.30M – $1.74M
NOI $104,247 @ 7.0% cap · market cap 4.70%
Second Best
Flex RnD
$1.12M
$979.3K – $1.31M
NOI $78,343 @ 7.0% cap · market cap 3.53%
Theoretical Best
Specialty Retail
$2.13M
$1.87M – $2.49M
NOI $149,299 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Able Patrol & Guard
Security Service
Brazilian Jiu-Jitsu Fabio ...
Sports School
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FAQs
What type of property is this?
Flex space - Fee-simple flex/office building with drop T-bar ceilings, replaced roof and select HVAC, and about 15 on-site parking spaces.
Where is this flex space located?
The property is located at 4616 Mission Gorge Pl San Diego, CA.
What is the asking price?
The asking price for this property is $2,220,000.
What are key features of this property?
This property features: Fee‑simple commercial/flex office building built in 1971 with approx. 5,400 SF.; Approx. 15 on‑site parking spaces, plus reciprocal parking agreement with Caster Business Park.; Zoned CC 3‑8, with potential uses including office, retail, medical, dental, and light industrial.
