Warehouse
For Sale
Contact for pricing
7745 Arjons Dr, San Diego, CA 92126
For sale warehouse property in San Diego’s Miramar submarket, with access to major interstate corridors.
Property Size12,393 SF
Price / SF$394.98
Days on Market212
Property Features for 7745 Arjons Dr
General Information
Standard status
Active
Size
12,393 SF
Property subtype
Industrial
Building Details
Stories
2
Listing Agency:
Colliers - Los Angeles - La Jolla, California
Listed By:
Evan McDonald · License #CA 01813359
Source:
Crexi
Added: Feb 7
Changed: Aug 24
Last Checked: Aug 31 at 11:35PM
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 Colliers - Los Angeles - La Jolla, California
Investment Insights
Based on property information with market context.
This warehouse property at 7745 Arjons Dr in San Diego, CA 92126 is offered for sale. The site is listed with a building size of 12,393 square feet and is located within the Miramar submarket.
Miramar is described as one of San Diego County’s largest and most diverse business hubs, with a broad base of businesses concentrated along Miramar Road and its local arteries. Interstate 805 on the west end provides major north-south accessibility to coastal communities and Orange County, while Interstate 15 on the east end supports access to inland communities and Riverside County. Marine Corps Air Station (MCAS) Miramar is located south along Miramar Road, and the submarket is noted for industries including defense manufacturing, building materials, equipment rental, energy and utility, construction, and logistics.
Miramar is described as one of San Diego County’s largest and most diverse business hubs, with a broad base of businesses concentrated along Miramar Road and its local arteries. Interstate 805 on the west end provides major north-south accessibility to coastal communities and Orange County, while Interstate 15 on the east end supports access to inland communities and Riverside County. Marine Corps Air Station (MCAS) Miramar is located south along Miramar Road, and the submarket is noted for industries including defense manufacturing, building materials, equipment rental, energy and utility, construction, and logistics.
Key Highlights
- Warehouse for sale in San Diego’s Miramar submarket.
- Located in an established business hub area in San Diego County.
- Miramar business district comprises over 13.8 million SF of space.
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
$172,038
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
3.51%
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%
$3,440,760
$3.4M
Cap Rate 7%
$2,457,686
$2.5M
Cap Rate 9%
$1,911,533
$1.9M
Market Conditions
NOI Build-Up for 12,393 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
$215.6K $17.40/SF
− Vacancy
−$13.2K −$1.07/SF
EGI
$202.4K $16.33/SF
− OpEx
−$30.4K −$2.45/SF
NOI
$172.0K $13.88/SF
Area
ZIP 92126
Vacancy
6.14%
Lease Rate
$17.40 /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%
$3,440,760
Cap Rate 7%
$2,457,686
Cap Rate 9%
$1,911,533
Alternative Uses
Best Use
Warehouse
$2.46M
$2.15M – $2.87M
NOI $172,038 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.44M
$3.89M – $5.18M
NOI $310,876 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,772
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92126, CA
74,788
Population
26,146
Households
2.9
Avg Household Size
37
Median Age
49%
College-Educated
90%
High-School Grad
11.6 sq mi
ZIP Area
6,447
Density / Sq Mi
$123,232
Median Household Income
$56,975
Median Earnings
$2,630
Median Rent
$802,000
Median Home Value
Market
Vacancy Rate% for Industrial in San Diego, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ace Self Storage San Diego — 7988 Miramar Rd, San Diego, CA 92126
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- SD Local Movers — 9225 Dowdy Dr Suite 206, San Diego, CA 92126
- Extra Space Storage — 8192 Miramar Rd, San Diego, CA 92126
- Finch Moving and Storage Warehouse — 7949 Stromesa Ct T, San Diego, CA 92126
Frequently Asked Questions
What type of property is this?
Warehouse - For sale warehouse property in San Diego’s Miramar submarket, with access to major interstate corridors.
Where is this warehouse located?
The property is located at 7745 Arjons Dr San Diego, CA.
What is the asking price?
The asking price for this property is $4,895,000.
What are key features of this property?
This property features: Warehouse for sale in San Diego’s Miramar submarket.; Located in an established business hub area in San Diego County.; Miramar business district comprises over 13.8 million SF of space.
