Warehouse Building with Roll-Up
For Sale
Contact for pricing
621 S Andreasen Dr, Escondido, CA 92029
Warehouse building featuring three roll-up doors, designed for up to five roll-up doors.
Property Size10,496 SF
Price / SF$329.65
Days on Market169
Property Features for 621 S Andreasen Dr
General Information
Standard status
Active
Size
10,496 SF
Property subtype
INDUSTRIAL
Listing Agency:
Palomar Commercial
Listed By:
Justin Beattie
(760) 918-2600
Source:
Moodyscre
Added: Apr 6
Changed: Sep 8
Last Checked: Sep 20 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 Palomar Commercial
Investment Insights
Based on property information with market context.
This warehouse building offers functional loading access with three roll-up doors currently installed. The building design is capable of supporting up to five roll-up doors, providing flexibility for future operating needs. The property totals 10,496 square feet.
Located at 621 S Andreasen Dr in Escondido, CA 92029, the warehouse configuration is suited for businesses that require straightforward dock-to-building access.
With its roll-up door capacity and warehouse layout, the building can support a range of industrial and storage-focused uses where additional loading-door flexibility may be valuable.
Located at 621 S Andreasen Dr in Escondido, CA 92029, the warehouse configuration is suited for businesses that require straightforward dock-to-building access.
With its roll-up door capacity and warehouse layout, the building can support a range of industrial and storage-focused uses where additional loading-door flexibility may be valuable.
Key Highlights
- 10,496 SF warehouse building
- Three roll‑up doors currently installed
- Designed to accommodate up to five roll‑up 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
$140,680
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
4.07%
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%
$2,813,600
$2.8M
Cap Rate 7%
$2,009,714
$2.0M
Cap Rate 9%
$1,563,111
$1.6M
Market Conditions
NOI Build-Up for 10,496 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
$176.3K $16.80/SF
− Vacancy
−$10.8K −$1.03/SF
EGI
$165.5K $15.77/SF
− OpEx
−$24.8K −$2.37/SF
NOI
$140.7K $13.40/SF
Area
Escondido, CA
Vacancy
6.14%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
15.00%
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%
$2,813,600
Cap Rate 7%
$2,009,714
Cap Rate 9%
$1,563,111
Alternative Uses
Best Use
Warehouse
$2.01M
$1.76M – $2.34M
NOI $140,680 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.71M
$3.24M – $4.32M
NOI $259,360 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,898
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92029, CA
21,236
Population
7,976
Households
2.7
Avg Household Size
44
Median Age
47%
College-Educated
91%
High-School Grad
22.6 sq mi
ZIP Area
940
Density / Sq Mi
$120,038
Median Household Income
$60,558
Median Earnings
$2,232
Median Rent
$911,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Portable Storage Rental Pros Escondido — 130 N Hale Ave #51, Escondido, CA 92029
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- Palomar Health Medical Records — 2185 Citracado Parkwy, Escondido, CA 92029
- American Mini Storage — 1440 W Mission Rd, Escondido, CA 92029
- Metcalf Center — 740 Metcalf St STE 2, Escondido, CA 92025
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse building featuring three roll-up doors, designed for up to five roll-up doors.
Where is this warehouse located?
The property is located at 621 S Andreasen Dr Escondido, CA.
What is the asking price?
The asking price for this property is $3,460,000.
What are key features of this property?
This property features: 10,496 SF warehouse building; Three roll‑up doors currently installed; Designed to accommodate up to five roll‑up doors
