Masonry Flex Space with
5145 Morena Place, San Diego, CA 92110
For Sale
Contact for pricing
The property combines office and industrial space in a masonry building with CC-3-7 zoning.
Property Size5,000 SF
Lot Size0.14 Acres
Price / SF$440
Days on Market39
Property Features for 5145 Morena Place
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Warehouse & Industrial
Clear Height
Warehouse Space
Additional Details
Property Use
Building Details
Year Built
Year Renovated
Building Size
Construction
Listing Agency:
Infinity Investment Properties
Listed By:
Lev Mizan · License #CA 01998777
(619) 888-5343
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 5:45PM
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 Infinity Investment Properties
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Investment Insights
Based on property information with market context.
This masonry flex property contains approximately 5,000 SF of building area on a 6,247 SF lot. The layout includes approximately 1,843 SF of warehouse space with 15 FT of clearance, along with office space. Four parking spaces serve the property, which has approximately 50 feet of frontage.
Constructed in 1965 and renovated in 2015, the building is located at 5145 Morena Place in San Diego. Its zoning designation is CC-3-7.
Constructed in 1965 and renovated in 2015, the building is located at 5145 Morena Place in San Diego. Its zoning designation is CC-3-7.
Key Highlights
- Approximately 5,000 SF of building area on a 6,247 SF lot
- Approximately 1,843 SF of warehouse area with 15 FT of clearance
- Masonry construction; built in 1965 and renovated in 2015
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,540
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,450,800
$1.5M
Cap Rate 7%
$1,036,286
$1.0M
Cap Rate 9%
$806,000
$806.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$120.0K $24.00/SF
− Vacancy
−$8.4K −$1.68/SF
EGI
$111.6K $22.32/SF
− OpEx
−$39.1K −$7.81/SF
NOI
$72.5K $14.51/SF
Area
San Diego, CA
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,450,800
Cap Rate 7%
$1,036,286
Cap Rate 9%
$806,000
Alternative Uses
Best Use
Flex RnD
$1.04M
$906.8K – $1.21M
NOI $72,540 @ 7.0% cap · market cap 3.30%
Second Best
Warehouse
$1.03M
$897.5K – $1.20M
NOI $71,803 @ 7.0% cap · market cap 3.26%
Theoretical Best
Specialty Retail
$1.97M
$1.73M – $2.30M
NOI $138,240 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92110, CA
31,048
Population
13,227
Households
2.3
Avg Household Size
34
Median Age
54%
College-Educated
96%
High-School Grad
5.0 sq mi
ZIP Area
6,210
Density / Sq Mi
$102,508
Median Household Income
$52,150
Median Earnings
$2,298
Median Rent
$885,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in San Diego
Vacancy Rate% for Industrial in San Diego, CA
Similar Off Market Nearby
- Pizza Cassette — 5322 Banks St, San Diego, CA 92110
Frequently Asked Questions
What type of property is this?
Flex space - The property combines office and industrial space in a masonry building with CC-3-7 zoning.
Where is this flex space located?
The property is located at 5145 Morena Place San Diego, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Approximately 5,000 SF of building area on a 6,247 SF lot; Approximately 1,843 SF of warehouse area with 15 FT of clearance; Masonry construction; built in 1965 and renovated in 2015
