Freestanding Flex Space with Four
New
For Sale
$1,295,000
802 Grand Ave, Spring Valley, CA 91977
Concrete-block facility with office, mezzanine, and drive-through capability.
Property Size3,330 SF
Price / SF$388.89
Days on Market4
Property Features for 802 Grand Ave
General Information
Standard status
Active
Size
3,330 SF
Total Parking Spaces
12
Property subtype
Industrial
Zoning
C36
Additional Details
Highway Access
Yes
Amenities
drive-thru
loading doors
storage mezzanine
Building Details
Buildings
1
Building Size
3,330 SF
Construction
concrete block
Listing Agency:
San Diego
Listed By:
David Harper · License #00880644
(858) 677-5335
Source:
Colliers
Added: Sep 19
Last Checked: Sep 21 at 3:50AM
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 San Diego
Investment Insights
Based on property information with market context.
Located at 802 Grand Avenue, this freestanding flex-space property includes approximately 3,330 SF within a concrete-block building. The interior combines an open work area with a front office, storage mezzanine, and a layout that supports automotive, contractor, warehouse, and service-oriented operations. Drive-through functionality and four loading doors add practical utility for receiving, staging, and vehicle movement.
The property occupies a secured corner lot in Spring Valley with multiple ingress and egress points, approximately 8-12 parking spaces, and access to Highway 125. C36 General Commercial zoning supports a range of commercial uses, including the automotive and service applications identified for the facility.
The property occupies a secured corner lot in Spring Valley with multiple ingress and egress points, approximately 8-12 parking spaces, and access to Highway 125. C36 General Commercial zoning supports a range of commercial uses, including the automotive and service applications identified for the facility.
Key Highlights
- Approximately 3,330 SF freestanding flex‑space building
- Four loading doors and drive‑through capability
- Front office with storage mezzanine
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
$68,640
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
5.30%
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%
$1,372,800
$1.4M
Cap Rate 7%
$980,571
$980.6K
Cap Rate 9%
$762,667
$762.7K
Market Conditions
NOI Build-Up for 3,330 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
$123.1K $36.96/SF
− Vacancy
−$17.5K −$5.25/SF
EGI
$105.6K $31.71/SF
− OpEx
−$37.0K −$11.10/SF
NOI
$68.6K $20.61/SF
Area
San Diego County, CA
Vacancy
14.20%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
35.00%
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%
$1,372,800
Cap Rate 7%
$980,571
Cap Rate 9%
$762,667
Alternative Uses
Best Use
Flex RnD
$980.6K
$858.0K – $1.14M
NOI $68,640 @ 7.0% cap · market cap 5.30%
Second Best
Retail
$747.3K
$653.9K – $871.8K
NOI $52,308 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$1.53M
$1.33M – $1.78M
NOI $106,799 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91977, CA
60,795
Population
20,026
Households
3
Avg Household Size
36
Median Age
26%
College-Educated
88%
High-School Grad
9.9 sq mi
ZIP Area
6,141
Density / Sq Mi
$92,407
Median Household Income
$46,706
Median Earnings
$1,897
Median Rent
$623,500
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
- Surf Side Cuisine — 9545 Chestnut St, Spring Valley, CA 91977
Frequently Asked Questions
What type of property is this?
Flex space - Concrete-block facility with office, mezzanine, and drive-through capability.
Where is this flex space located?
The property is located at 802 Grand Ave Spring Valley, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Approximately 3,330 SF freestanding flex‑space building; Four loading doors and drive‑through capability; Front office with storage mezzanine
