Medical Office
For Sale
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5830 Oberlin Drive Suite 201, San Diego, CA 92121
Suite 201 is an office condominium designated for medical use.
Property Size918 SF
Price / SF$669.93
Days on Market61
Property Features for 5830 Oberlin Drive Suite 201
General Information
Standard status
Active
Size
918 SF
Property subtype
Office
Zoning
Medical Use
Building Details
Tenancy
Single
Listing Agency:
Voit Real Estate Services San Diego
Listed By:
Garrett Fena · License #01919122
Source:
Crexi
Added: Aug 19
Changed: Oct 16
Last Checked: Oct 16 at 9:34AM
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 Voit Real Estate Services San Diego
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Investment Insights
Based on property information with market context.
Suite 201 at 5830 Oberlin Drive is an approximately 918-square-foot office condominium within a commercial property. The unit is identified as an office asset and carries Medical Use zoning.
The condominium is located in San Diego’s Sorrento Mesa submarket at 5830 Oberlin Drive, Suite 201, San Diego, CA 92121.
The condominium is located in San Diego’s Sorrento Mesa submarket at 5830 Oberlin Drive, Suite 201, San Diego, CA 92121.
Key Highlights
- Approximately 918 square feet of office space
- Suite 201 office condominium
- Medical Use zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,722
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,440
$354.4K
Cap Rate 7%
$253,171
$253.2K
Cap Rate 9%
$196,911
$196.9K
Market Conditions
NOI Build-Up for 918 SF
Gross rent
$27.5K $30.00/SF
− Vacancy
−$3.9K −$4.26/SF
EGI
$23.6K $25.74/SF
− OpEx
−$5.9K −$6.44/SF
NOI
$17.7K $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%
$354,440
Cap Rate 7%
$253,171
Cap Rate 9%
$196,911
Alternative Uses
Best Use
Office B
$253.2K
$221.5K – $295.4K
NOI $17,722 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$362.6K
$317.3K – $423.0K
NOI $25,381 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,585
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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Market
Vacancy Rate% for Office in San Diego, CA
Frequently Asked Questions
What type of property is this?
Office units - Suite 201 is an office condominium designated for medical use.
Where is this office units located?
The property is located at 5830 Oberlin Drive Suite 201 San Diego, CA.
What is the asking price?
The asking price for this property is $615,000.
What are key features of this property?
This property features: Approximately 918 square feet of office space; Suite 201 office condominium; Medical Use zoning
