For Sale
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5860 Owens Avenue, Carlsbad, CA 92010
Office buildings
Property Size17,054 SF
Price / SF$259.47
Days on Market1296
Property Features for 5860 Owens Avenue
General Information
Standard status
Active
Size
17,054 SF
Property subtype
Office
Zoning
PM
Investment Type
Owner/User
Building Details
Year Built
2001
Tenancy
Multi
Listing Agency:
SRS Industrial
(760) 930-7904
Listed By:
Hank Jenkins · License #CA 01981328
Source:
Crexi
Added: Feb 14, 2023
Changed: Aug 16
Last Checked: Sep 1 at 7:08AM
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 SRS Industrial
Investment Insights
Based on property information with market context.
Key Highlights
- 17,054 sq ft office building in Carlsbad.
- Convenient access to I‑5 for commuters.
- Close proximity to The Island at Carlsbad food court.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$367,215
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,344,300
$7.3M
Cap Rate 7%
$5,245,929
$5.2M
Cap Rate 9%
$4,080,167
$4.1M
Market Conditions
NOI Build-Up for 17,054 SF
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.
Gross rent
$562.8K $33.00/SF
− Vacancy
−$73.2K −$4.29/SF
EGI
$489.6K $28.71/SF
− OpEx
−$122.4K −$7.18/SF
NOI
$367.2K $21.53/SF
Area
Carlsbad, CA
Vacancy
13.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,344,300
Cap Rate 7%
$5,245,929
Cap Rate 9%
$4,080,167
Alternative Uses
Best Use
Office B
$5.25M
$4.59M – $6.12M
NOI $367,215 @ 7.0% cap · market cap 8.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.27M
$5.48M – $7.31M
NOI $438,700 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,640
Businesses Nearby
Explore this area
Business Placement
Demographics for 92010, CA
18,887
Population
7,114
Households
2.7
Avg Household Size
41
Median Age
55%
College-Educated
95%
High-School Grad
8.2 sq mi
ZIP Area
2,303
Density / Sq Mi
$120,612
Median Household Income
$69,955
Median Earnings
$2,764
Median Rent
$1,016,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
Where is this office building located?
The property is located at 5860 Owens Avenue Carlsbad, CA.
What is the asking price?
The asking price for this property is $4,425,000.
What are key features of this property?
This property features: 17,054 sq ft office building in Carlsbad.; Convenient access to I‑5 for commuters.; Close proximity to The Island at Carlsbad food court.
