Elevator-Served Office
New
For Sale
Contact for pricing
5927 Balfour Ct, Carlsbad, CA 92008
Two-story office unit with private offices, reception space, and a breakroom.
Property Size1,476 SF
Price / SF$473.58
Days on Market5
Property Features for 5927 Balfour Ct
General Information
Standard status
Active
Size
1,476 SF
Elevators
Yes
Property subtype
OFFICE
Zoning
C-M
Additional Details
HOA Fee
$768
Highway Access
Yes
Amenities
5 private offices
reception area
breakroom
Building Details
Year Built
2005
Stories
2
Parking Ratio
4 per 1,000 SF
Listing Agency:
Lee & Associates | North San Diego County
(760) 814-4696
Listed By:
Christian Thompson · License #00984842
(760) 814-4696
Source:
Moodyscre
Added: Aug 6
Changed: Aug 9
Last Checked: Aug 9 at 12:29PM
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 Lee & Associates | North San Diego County
Investment Insights
Based on property information with market context.
This 1,476-square-foot office unit was built in 2005 and occupies two stories with elevator service. The interior includes five private offices, a reception area, and a breakroom, providing a defined layout for professional operations.
The property is zoned Commercial mixed (c-m) by the City of Carlsbad and is located at 5927 Balfour Ct in Carlsbad, CA. Access to I-5 is less than five minutes via Palomar Airport Rd. and Cannon Rd. Parking is provided at a ratio of 4.0/1,000sf, with several EV charging stations included.
The property is zoned Commercial mixed (c-m) by the City of Carlsbad and is located at 5927 Balfour Ct in Carlsbad, CA. Access to I-5 is less than five minutes via Palomar Airport Rd. and Cannon Rd. Parking is provided at a ratio of 4.0/1,000sf, with several EV charging stations included.
Key Highlights
- 1,476 sf office unit built in 2005
- Two‑story layout with elevator service
- Five private offices, reception area, and breakroom
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
$31,782
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
4.55%
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%
$635,640
$635.6K
Cap Rate 7%
$454,029
$454.0K
Cap Rate 9%
$353,133
$353.1K
Market Conditions
NOI Build-Up for 1,476 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
$48.7K $33.00/SF
− Vacancy
−$6.3K −$4.29/SF
EGI
$42.4K $28.71/SF
− OpEx
−$10.6K −$7.18/SF
NOI
$31.8K $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%
$635,640
Cap Rate 7%
$454,029
Cap Rate 9%
$353,133
Alternative Uses
Best Use
Office B
$454.0K
$397.3K – $529.7K
NOI $31,782 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$542.4K
$474.6K – $632.8K
NOI $37,969 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,131
Businesses Nearby
Explore this area
Business Placement
Demographics for 92008, CA
27,282
Population
13,102
Households
2.1
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
10.4 sq mi
ZIP Area
2,623
Density / Sq Mi
$105,371
Median Household Income
$55,965
Median Earnings
$2,343
Median Rent
$1,142,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Two-story office unit with private offices, reception space, and a breakroom.
Where is this office units located?
The property is located at 5927 Balfour Ct Carlsbad, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 1,476 sf office unit built in 2005; Two‑story layout with elevator service; Five private offices, reception area, and breakroom
