Two-Story Medical Office
641 East Pennsylvania, Escondido, CA 92025
For Sale
Contact for pricing
The property combines medical and professional space in a two-story configuration within Escondido’s Downtown Specific Plan area.
Property Size10,240 SF
Lot Size0.51 Acres
Price / SF$292.48
Days on Market35
Property Features for 641 East Pennsylvania
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
MJB investments Commercial Realty Services
Listed By:
Barbara Kreis · License #CA 00797227
Source:
Crexi
Added: Oct 6
Changed: Nov 8
Last Checked: Nov 8 at 5:11PM
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 MJB investments Commercial Realty Services
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Investment Insights
Based on property information with market context.
This two-story medical and professional building contains approximately 10,240 square feet on a 0.51-acre parcel. The property is in Escondido’s Downtown Specific Plan area and sits immediately next to the planned Marlow Palomar residential development, proposed for the 13-acre Downtown Palomar Hospital Campus site.
Escondido is in North San Diego County, where Interstate 15 and Highway 78 connect regional travel routes. Highway 78 runs between Interstate 5 in Oceanside and Interstate 15 in Escondido, while Interstate 15 links the Inland Empire with San Diego County.
Escondido is in North San Diego County, where Interstate 15 and Highway 78 connect regional travel routes. Highway 78 runs between Interstate 5 in Oceanside and Interstate 15 in Escondido, while Interstate 15 links the Inland Empire with San Diego County.
Key Highlights
- Approximately 10,240 SF across two stories
- Situated on 0.51 acres
- Medical and professional building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$186,458
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,729,160
$3.7M
Cap Rate 7%
$2,663,686
$2.7M
Cap Rate 9%
$2,071,756
$2.1M
Market Conditions
NOI Build-Up for 10,240 SF
Gross rent
$294.9K $28.80/SF
− Vacancy
−$46.3K −$4.52/SF
EGI
$248.6K $24.28/SF
− OpEx
−$62.2K −$6.07/SF
NOI
$186.5K $18.21/SF
Area
Escondido, CA
Vacancy
15.70%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,729,160
Cap Rate 7%
$2,663,686
Cap Rate 9%
$2,071,756
Alternative Uses
Best Use
Office B
$2.66M
$2.33M – $3.11M
NOI $186,458 @ 7.0% cap · market cap 6.23%
Second Best
Healthcare Medical
$2.60M
$2.28M – $3.04M
NOI $182,145 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$3.61M
$3.16M – $4.22M
NOI $253,034 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,415
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92025, CA
51,586
Population
17,376
Households
3
Avg Household Size
35
Median Age
28%
College-Educated
78%
High-School Grad
22.4 sq mi
ZIP Area
2,303
Density / Sq Mi
$71,716
Median Household Income
$41,218
Median Earnings
$1,823
Median Rent
$767,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in San Diego County
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The property combines medical and professional space in a two-story configuration within Escondido’s Downtown Specific Plan area.
Where is this medical office space located?
The property is located at 641 East Pennsylvania Escondido, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Approximately 10,240 SF across two stories; Situated on 0.51 acres; Medical and professional building
