High Image Flex R&D
For Sale
Contact for pricing
6126 Innovation Way, Carlsbad, CA 92009
3,676 SF flex space in desirable Bressi Ranch.
Property Size3,676 SF
Price / SF$500
Days on Market166
Property Features for 6126 Innovation Way
General Information
Standard status
Active
Size
3,676 SF
Class
A
Property subtype
Industrial, Office
Building Details
Year Built
2007
Stories
2
Units
1
Listing Agency:
Urban West Ventures
Listed By:
James Bengala · License #CA 01950077
Source:
Crexi
Added: Feb 25
Changed: Aug 8
Last Checked: Aug 10 at 10:54AM
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 Urban West Ventures
Investment Insights
Based on property information with market context.
This 3,676 square foot high image flex R&D condo is located in The Towers at Bressi Ranch in Carlsbad, CA. The property offers a turnkey improved office space with the flexibility to convert the back half of the condo to 22-foot clear warehouse space. The minimal improved office space includes a reception area, six private offices, an open office/bullpen, a conference room, a kitchen/break area, and a private restroom. This property presents an opportunity for an owner-occupant or investor.
Key Highlights
- High image R&D flex condo in The Towers at Bressi Ranch
- Approximately 3,676 sq ft of space
- Turn‑key improved office space or flexible R&D/warehouse conversion
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
$79,153
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
4.31%
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%
$1,583,060
$1.6M
Cap Rate 7%
$1,130,757
$1.1M
Cap Rate 9%
$879,478
$879.5K
Market Conditions
NOI Build-Up for 3,676 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
$121.3K $33.00/SF
− Vacancy
−$15.8K −$4.29/SF
EGI
$105.5K $28.71/SF
− OpEx
−$26.4K −$7.18/SF
NOI
$79.2K $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%
$1,583,060
Cap Rate 7%
$1,130,757
Cap Rate 9%
$879,478
Alternative Uses
Best Use
Office B
$1.13M
$989.4K – $1.32M
NOI $79,153 @ 7.0% cap · market cap 4.31%
Second Best
Flex RnD
$1.02M
$894.6K – $1.19M
NOI $71,567 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,562 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,433
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92009, CA
44,816
Population
17,085
Households
2.6
Avg Household Size
44
Median Age
64%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
3,673
Density / Sq Mi
$162,128
Median Household Income
$68,634
Median Earnings
$2,955
Median Rent
$1,219,600
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?
Flex space - 3,676 SF flex space in desirable Bressi Ranch.
Where is this flex space located?
The property is located at 6126 Innovation Way Carlsbad, CA.
What is the asking price?
The asking price for this property is $1,838,000.
What are key features of this property?
This property features: High image R&D flex condo in The Towers at Bressi Ranch; Approximately 3,676 sq ft of space; Turn‑key improved office space or flexible R&D/warehouse conversion
