Carlsbad Flex Space For
For Sale
$3,403,120
6056 Corte Del Cedro, Carlsbad, CA 92011
11,536 SF flex space with ample office and warehouse.
Property Size11,536 SF
Price / SF$295
Days on Market170
Property Features for 6056 Corte Del Cedro
General Information
Standard status
Active
Size
11,536 SF
Property subtype
Industrial
Building Details
Building Size
11,536 SF
Year Built
1986
Listing Agency:
Lee & Associates | North San Diego County
(760) 845-3854
Listed By:
Barry Hendler
(760) 845-3854
Source:
Lee-associates
Added: Mar 6
Changed: Aug 14
Last Checked: Aug 23 at 3:52AM
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.
Located near San Marcos Blvd and Palomar Airport Road, this 11,536 square foot property features ample office space, a breakroom with a kitchen, and four restrooms. The property also includes a second-floor mezzanine and a warehouse. Loading is facilitated by dock-high and grade-level doors. Note that the dock-level door is currently patched and sealed with a window to the office, but it can be converted back after the lease expiration.
Key Highlights
- 11,536 SF warehouse space available
- Convenient location near San Marcos Blvd and Palomar Airport Road
- Features both dock‑high and grade‑level loading doors
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
$224,592
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
6.60%
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%
$4,491,840
$4.5M
Cap Rate 7%
$3,208,457
$3.2M
Cap Rate 9%
$2,495,467
$2.5M
Market Conditions
NOI Build-Up for 11,536 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
$359.9K $31.20/SF
− Vacancy
−$14.4K −$1.25/SF
EGI
$345.5K $29.95/SF
− OpEx
−$120.9K −$10.48/SF
NOI
$224.6K $19.47/SF
Area
Carlsbad, CA
Vacancy
4.00%
Lease Rate
$31.20 /SF/Yr
Expense Ratio
35.00%
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%
$4,491,840
Cap Rate 7%
$3,208,457
Cap Rate 9%
$2,495,467
Alternative Uses
Best Use
Flex RnD
$3.21M
$2.81M – $3.74M
NOI $224,592 @ 7.0% cap · market cap 6.60%
Second Best
Industrial
$2.04M
$1.79M – $2.38M
NOI $143,072 @ 7.0% cap · market cap 4.20%
Theoretical Best
Office A
$4.24M
$3.71M – $4.95M
NOI $296,754 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,848
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92011, CA
23,757
Population
10,159
Households
2.3
Avg Household Size
46
Median Age
67%
College-Educated
98%
High-School Grad
6.5 sq mi
ZIP Area
3,655
Density / Sq Mi
$154,985
Median Household Income
$84,788
Median Earnings
$3,138
Median Rent
$1,188,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 11,536 SF flex space with ample office and warehouse.
Where is this flex space located?
The property is located at 6056 Corte Del Cedro Carlsbad, CA.
What is the asking price?
The asking price for this property is $3,403,120.
What are key features of this property?
This property features: 11,536 SF warehouse space available; Convenient location near San Marcos Blvd and Palomar Airport Road; Features both dock‑high and grade‑level loading doors
