Well-Maintained Flex Industrial
For Sale
Contact for pricing
8447 Miramar Mall, San Diego, CA 92121
Well-maintained flex/industrial building on about 2.76 acres with open space around the facility.
Property Size7,269 SF
Lot Size2.76 Acres
Price / SF$480.81
Days on Market209
Property Features for 8447 Miramar Mall
General Information
Standard status
Active
Size
7,269 SF
Total Parking Spaces
17
Lot size
2.76 Acres
Property subtype
Industrial
Lease Type
NNN
Additional Details
Highway Access
Yes
Building Details
Year Built
1971
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Voit Real Estate Services San Diego
Listed By:
Josh West · License #CA 01923375
(858) 453-0505
Source:
Crexi
Added: Mar 28
Changed: Oct 7
Last Checked: Oct 20 at 8:17PM
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 Voit Real Estate Services San Diego
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
8447 Miramar Mall is a well-maintained flex/industrial property set on approximately 2.76 acres. The site offers abundant open space around the building, including a park-like setting at the top of the canyon and adjacent to a nature preserve.
The property is centrally located off Miramar Road and is about 1.5 miles from UTC. Transportation access is supported by nearby Interstates 805, 5, and 15, providing regional corridors toward the border, Inland Empire, and Los Angeles.
The building is presented as a flexible facility within the Miramar submarket, positioned for users seeking space that can support a range of light industrial and R&D-oriented operations, as described in the public remarks.
The property is centrally located off Miramar Road and is about 1.5 miles from UTC. Transportation access is supported by nearby Interstates 805, 5, and 15, providing regional corridors toward the border, Inland Empire, and Los Angeles.
The building is presented as a flexible facility within the Miramar submarket, positioned for users seeking space that can support a range of light industrial and R&D-oriented operations, as described in the public remarks.
Key Highlights
- Flex/industrial building built in 1971
- ±2.76‑acre site with open space around the facility
- Open space, park‑like setting at the top of the canyon and a nature preserve backdrop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,459
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,109,180
$2.1M
Cap Rate 7%
$1,506,557
$1.5M
Cap Rate 9%
$1,171,767
$1.2M
Market Conditions
NOI Build-Up for 7,269 SF
Gross rent
$174.5K $24.00/SF
− Vacancy
−$12.2K −$1.68/SF
EGI
$162.2K $22.32/SF
− OpEx
−$56.8K −$7.81/SF
NOI
$105.5K $14.51/SF
Area
San Diego, CA
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,109,180
Cap Rate 7%
$1,506,557
Cap Rate 9%
$1,171,767
Alternative Uses
Best Use
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,459 @ 7.0% cap · market cap 3.02%
Second Best
Industrial
$1.23M
$1.07M – $1.43M
NOI $85,966 @ 7.0% cap · market cap 2.46%
Theoretical Best
Specialty Retail
$2.87M
$2.51M – $3.35M
NOI $200,973 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
661
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92121, CA
4,658
Population
1,774
Households
2.6
Avg Household Size
32
Median Age
75%
College-Educated
99%
High-School Grad
12.5 sq mi
ZIP Area
373
Density / Sq Mi
$135,795
Median Household Income
$70,431
Median Earnings
$2,537
Median Rent
$1,091,600
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 San Diego, CA
Similar Off Market Nearby
- CowgirlQ Catering — 6355 Marindustry Dr Suite B, San Diego, CA 92121
- Urban Solace Catering — 6355 Marindustry Dr Suite B, San Diego, CA 92121
- Feast On This Inc — 8395 Camino Santa Fe # D, San Diego, CA 92121
- Taste of Lebanon — 6780 miramar rd, san diego, ca 92121
- The Wild Thyme Company Catering & Events — 8547 Miramar Pl, San Diego, CA 92121
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained flex/industrial building on about 2.76 acres with open space around the facility.
Where is this flex space located?
The property is located at 8447 Miramar Mall San Diego, CA.
What is the asking price?
The asking price for this property is $3,495,000.
What are key features of this property?
This property features: Flex/industrial building built in 1971; ±2.76‑acre site with open space around the facility; Open space, park‑like setting at the top of the canyon and a nature preserve backdrop
