Building Details

Year Built 2007

Building Size 5,800 SF

Listing Agency: Realty Source, Inc Show Phone

Listed By: David Mireles (flyabove777@gmail.com)

Source: Mrmurrieta

Added: Jul 30 Changed: Sep 13 Last Checked: Sep 19 at 9:08AM

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Investment Insights

Based on property information with market context.

This warehouse property includes 18.35 acres and a 5,800-square-foot warehouse built in 2007. The warehouse is served by high-power electricity, and the entire parcel has been fenced. A main manufactured home is also located on the property, with a 433a recorded with the county.

The property is located at 627 Emery Rd. in Tecate, California. Its combination of warehouse improvements, substantial acreage, high-power electrical service, and full parcel fencing provides a defined industrial land and warehouse configuration.

Key Highlights

• 18.35 acres of usable property in Tecate, California
• 5,800‑square‑foot warehouse built in 2007
• High‑power electricity serving the warehouse

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

$80,576

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

3.22%

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%

$1,611,520 $1.6M

Cap Rate 7%

$1,151,086 $1.2M

Cap Rate 9%

$895,289 $895.3K

Market Conditions

NOI Build-Up for 5,800 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

$104.4K $18.00/SF

− Vacancy

−$9.6K −$1.66/SF

EGI

$94.8K $16.34/SF

− OpEx

−$14.2K −$2.45/SF

NOI

$80.6K $13.89/SF

Area

San Diego County, CA

Vacancy

9.20%

Lease Rate

$18.00 /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%

$1,611,520

Cap Rate 7%

$1,151,086

Cap Rate 9%

$895,289

Alternative Uses

Best Use

Warehouse

$1.15M

$1.01M – $1.34M (±1% cap)

NOI $80,576 @ 7.0% cap · market cap 3.22%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.66M

$2.33M – $3.10M (±1% cap)

NOI $186,016 @ 7.0% cap · market cap 7.44%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Electrical Service HVAC Service Auto Repair Shop Auto Parts Store Storage Facility Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Heavy power

Yes

Fenced yard

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 91980, CA

145

Population

22

Households

6.6

Avg Household Size

37

Median Age

27%

College-Educated

67%

High-School Grad

3.7 sq mi

ZIP Area

39

Density / Sq Mi

$20,978

Median Earnings

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Fenced throughout, with high-power electricity and a manufactured home included on the parcel.

Where is this warehouse located?

The property is located at 627 Emery Rd. Tecate, CA.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 18.35 acres of usable property in Tecate, California; 5,800‑square‑foot warehouse built in 2007; High‑power electricity serving the warehouse