Kearny Mesa Office/Flex
5205 Kearny Villa Way, San Diego, CA 92123
Two-story office/flex building in Kearny Mesa for sale.
Type:Office
Property size:
26,666 SFLot size:
0.83 AcresPrice / SF:
$310/SF- Added:
- Feb 5, 2026
- Days on Market:
- 141
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 5205 Kearny Villa Way
General Information
- Standard status
- Active
- Size
- 26,666 SF
- Lot size
- 0.83 Acres
- Property subtype
- Office
Listing office California Commercial Properties
Listing date Feb 5, 2026
Source Crexi
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 California Commercial Properties
HighLights
- Owner/User office–flex opportunity with multiple vacant units for immediate occupancy.
- In‑place tenancy generating approximately $37,144/month in rental income.
- IL‑2‑1 zoning allows for a wide range of office, flex, and light industrial uses.
- Immediate access to SR‑163 and SR‑52.
- ±26,666 SF two‑story office/flex building on a ±36,155 SF (0.83‑acre) lot.
- Mezzanine warehouse space with two (2) roll‑up doors.
Overview
Located in the heart of Kearny Mesa, this two-story office/flex building offers approximately 26,666 square feet of space on a 0.83-acre lot. The property is zoned IL-2-1, permitting a wide range of office, flex, and light industrial uses. The building comprises eleven individual suites, with multiple vacant units available for immediate owner/user occupancy. An existing tenancy occupies approximately 24,707 square feet, generating approximately $37,144 per month in rental income. Lease expirations are staggered, with the majority rolling in 2026, offering flexibility and potential upside. The entire second floor will be available November 1, 2026, presenting an opportunity for full or partial owner occupancy. The property includes mezzanine warehouse space with two roll-up doors, a mix of private offices, open bullpen areas, conference/training rooms, and flex/assembly space. There are 67 on-site parking spaces and a covered patio/break area. The building features central double-loaded corridors and perimeter window offices. It offers immediate access to SR-163 and SR-52. This property represents a strong owner/user with income or value-add investment opportunity in a core San Diego submarket.
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 | $800.0k | $30.00 |
| − Vacancy | −$113.6k | −$4.26 |
| EGI | $686.4k | $25.74 |
| − OpEx | −$171.6k | −$6.44 |
| NOI | $514.8k | $19.31 |
26,666 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.35M
$6.43M – $8.58M
NOI $514,787 @ 7.0% cap · market cap 6.23%
Second Best
Flex RnD
$5.53M
$4.84M – $6.45M
NOI $386,870 @ 7.0% cap · market cap 4.68%
Theoretical Best
Specialty Retail
$10.53M
$9.22M – $12.29M
NOI $737,262 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Bohm Law Group
Law Firm
ZoomAutos.com, Inc.
Car Dealership
Integrits Corporation
IT Consulting Firm
ROI Insurance
Insurance Agency
Vic Salazar Communications
Marketing & Advertising
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.1398302
- Latitude
- 32.8293374
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story office/flex building in Kearny Mesa for sale.
Where is this office building located?
The property is located at 5205 Kearny Villa Way San Diego, CA.
What is the asking price?
The asking price for this property is $8,266,460.
What are key features of this property?
This property features: Owner/User office–flex opportunity with multiple vacant units for immediate occupancy.; In‑place tenancy generating approximately $37,144/month in rental income.; IL‑2‑1 zoning allows for a wide range of office, flex, and light industrial uses.
