Turnkey Creative Office
For Sale
Contact for pricing
5186 Carroll Canyon Rd, San Diego, CA 92121
Fully renovated single-tenant office building with open collaboration areas, private offices, and abundant natural light.
Property Size10,000 SF
Price / SF$625
Days on Market178
Property Features for 5186 Carroll Canyon Rd
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
38
Property subtype
Office
Zoning
IL-2-1
Investment Type
Owner/User
Additional Details
Furnished
Yes
Highway Access
Yes
Building Details
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - La Jolla, California
Listed By:
David Kuchinsky · License #CA 01314705
(858) 677-5318
Source:
Crexi
Added: Apr 28
Changed: Oct 1
Last Checked: Oct 20 at 9:30PM
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 Colliers - Los Angeles - La Jolla, California
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Investment Insights
Based on property information with market context.
5186 Carroll Canyon is a fully renovated, single-tenant office building designed for a plug-and-play owner-user setup. The creative interior includes open collaboration areas and private offices, with abundant natural light throughout. Furniture is available, supporting a move-in ready experience.
The property is positioned on a prominent corner location with ample parking and immediate freeway access. Nearby amenities contribute to day-to-day convenience in a highly sought-after innovation corridor.
As a fully renovated creative office with an emphasis on flexible collaboration and private workspaces, the space is well-suited for businesses looking for an immediately operational environment.
The property is positioned on a prominent corner location with ample parking and immediate freeway access. Nearby amenities contribute to day-to-day convenience in a highly sought-after innovation corridor.
As a fully renovated creative office with an emphasis on flexible collaboration and private workspaces, the space is well-suited for businesses looking for an immediately operational environment.
Key Highlights
- Fully renovated, single‑tenant office building with open collaboration areas and private offices
- Creative interior includes move‑in available furniture
- Abundant natural light throughout the office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,050
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,861,000
$3.9M
Cap Rate 7%
$2,757,857
$2.8M
Cap Rate 9%
$2,145,000
$2.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$42.6K −$4.26/SF
EGI
$257.4K $25.74/SF
− OpEx
−$64.4K −$6.44/SF
NOI
$193.1K $19.31/SF
Area
San Diego, CA
Vacancy
14.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,861,000
Cap Rate 7%
$2,757,857
Cap Rate 9%
$2,145,000
Alternative Uses
Best Use
Office B
$2.76M
$2.41M – $3.22M
NOI $193,050 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.95M
$3.46M – $4.61M
NOI $276,480 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,099
Businesses Nearby
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Business Placement
Demographics for 92121, CA
4,658
Population
1,774
Households
2.6
Avg Household Size
32
Median Age
75%
College-Educated
99%
High-School Grad
12.5 sq mi
ZIP Area
373
Density / Sq Mi
$135,795
Median Household Income
$70,431
Median Earnings
$2,537
Median Rent
$1,091,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office building - Fully renovated single-tenant office building with open collaboration areas, private offices, and abundant natural light.
Where is this office building located?
The property is located at 5186 Carroll Canyon Rd San Diego, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: Fully renovated, single‑tenant office building with open collaboration areas and private offices; Creative interior includes move‑in available furniture; Abundant natural light throughout the office space
