Office Building for
For Sale
Contact for pricing
6154 Innovation Way, Carlsbad, CA 92009
For-sale office building at 6154 Innovation Way, Carlsbad, offering a compact footprint for business use.
Property Size3,474 SF
Price / SF$550
Days on Market54
Property Features for 6154 Innovation Way
General Information
Standard status
Active
Size
3,474 SF
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
2007
Buildings
1
Tenancy
Single
Listing Agency:
CBRE Carlsbad
(760) 438-8518
Listed By:
Matty Sundberg · License #CA
Source:
Crexi
Added: Jun 16
Changed: Aug 7
Last Checked: Aug 7 at 5:50AM
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 CBRE Carlsbad
Investment Insights
Based on property information with market context.
This for-sale office building is identified as 6154 Innovation Way and totals 3,474 square feet. The offering is presented as a commercial property within the office building/office space category, with the available information focused on the building-level asset and its size.
The property is located at 6154 Innovation Way in Carlsbad, California 92009. As provided, the key location details are the address and the market area, supporting straightforward identification for brokers, buyers, and tenants when evaluating office space options in the Carlsbad submarket.
With 3,474 square feet, the building may be well suited for an owner-user or a tenant looking for a smaller office footprint. Interested parties should evaluate the space directly to confirm the specific layout and how it aligns with their operational needs, including office configuration, workflow, and any space planning requirements. As with any office real estate decision, due diligence should include a review of the building’s condition, configuration, and suitability for the intended use.
The property is located at 6154 Innovation Way in Carlsbad, California 92009. As provided, the key location details are the address and the market area, supporting straightforward identification for brokers, buyers, and tenants when evaluating office space options in the Carlsbad submarket.
With 3,474 square feet, the building may be well suited for an owner-user or a tenant looking for a smaller office footprint. Interested parties should evaluate the space directly to confirm the specific layout and how it aligns with their operational needs, including office configuration, workflow, and any space planning requirements. As with any office real estate decision, due diligence should include a review of the building’s condition, configuration, and suitability for the intended use.
Key Highlights
- Office building for sale at 6154 Innovation Way, Carlsbad, CA 92009
- Built in 2007
- Compact footprint designed for business use
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
$74,804
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
3.92%
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%
$1,496,080
$1.5M
Cap Rate 7%
$1,068,629
$1.1M
Cap Rate 9%
$831,156
$831.2K
Market Conditions
NOI Build-Up for 3,474 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
$114.6K $33.00/SF
− Vacancy
−$14.9K −$4.29/SF
EGI
$99.7K $28.71/SF
− OpEx
−$24.9K −$7.18/SF
NOI
$74.8K $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%
$1,496,080
Cap Rate 7%
$1,068,629
Cap Rate 9%
$831,156
Alternative Uses
Best Use
Office B
$1.07M
$935.1K – $1.25M
NOI $74,804 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,366 @ 7.0% cap · market cap 4.68%
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
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?
Office building - For-sale office building at 6154 Innovation Way, Carlsbad, offering a compact footprint for business use.
Where is this office building located?
The property is located at 6154 Innovation Way Carlsbad, CA.
What is the asking price?
The asking price for this property is $1,910,700.
What are key features of this property?
This property features: Office building for sale at 6154 Innovation Way, Carlsbad, CA 92009; Built in 2007; Compact footprint designed for business use
