Move-In Ready Office
For Sale
Contact for pricing
5959 Mission Gorge Rd, San Diego, CA 92120
Fully renovated office suite features four offices, a conference room, breakroom, storage, and open area.
Property Size1,337 SF
Price / SF$373.22
Days on Market243
Property Features for 5959 Mission Gorge Rd
General Information
Standard status
Active
Size
1,337 SF
Property subtype
OFFICE
Listing Agency:
Colliers | San Diego
(858) 455-1515
Listed By:
Derek Applbaum · License #01280412
(619) 851-2628
Source:
Moodyscre
Added: Jan 7
Changed: Aug 19
Last Checked: Jul 22 at 1:29AM
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 | San Diego
Investment Insights
Based on property information with market context.
This fully renovated, move-in ready office suite is designed for day-to-day operations and includes four offices, a conference room, breakroom, storage, and an open area. The unit also comes with four reserved parking spaces, supporting convenient access for staff and visitors.
The property is located at 5959 Mission Gorge Rd in San Diego, CA 92120.
With its combination of private offices, collaboration space, and open working area, the layout provides a practical configuration for an office team that needs both meeting capability and flexible day-to-day space.
The property is located at 5959 Mission Gorge Rd in San Diego, CA 92120.
With its combination of private offices, collaboration space, and open working area, the layout provides a practical configuration for an office team that needs both meeting capability and flexible day-to-day space.
Key Highlights
- Fully renovated, move‑in ready office suite
- Includes four offices plus a conference room
- Offers a breakroom, storage room, and open area
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
$25,811
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
5.17%
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%
$516,220
$516.2K
Cap Rate 7%
$368,729
$368.7K
Cap Rate 9%
$286,789
$286.8K
Market Conditions
NOI Build-Up for 1,337 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
$40.1K $30.00/SF
− Vacancy
−$5.7K −$4.26/SF
EGI
$34.4K $25.74/SF
− OpEx
−$8.6K −$6.44/SF
NOI
$25.8K $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 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%
$516,220
Cap Rate 7%
$368,729
Cap Rate 9%
$286,789
Alternative Uses
Best Use
Office B
$368.7K
$322.6K – $430.2K
NOI $25,811 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$528.1K
$462.1K – $616.1K
NOI $36,965 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,206
Businesses Nearby
Explore this area
Business Placement
Demographics for 92120, CA
30,768
Population
13,253
Households
2.3
Avg Household Size
40
Median Age
57%
College-Educated
96%
High-School Grad
7.7 sq mi
ZIP Area
3,996
Density / Sq Mi
$114,579
Median Household Income
$61,123
Median Earnings
$2,416
Median Rent
$870,200
Median Home Value
Market
Vacancy Rate% for Office in San Diego, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully renovated office suite features four offices, a conference room, breakroom, storage, and open area.
Where is this office units located?
The property is located at 5959 Mission Gorge Rd San Diego, CA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully renovated, move‑in ready office suite; Includes four offices plus a conference room; Offers a breakroom, storage room, and open area
