Second-Floor Office Condominium
8947 Complex Dr San Diego, CA 92123
8947 Complex Dr, San Diego, CA, 92123
$550,000
For Sale
$550,000
Vacant second-floor office suite with new floors, dual balconies, reception, four offices, and kitchenette area.
Property Size1,393 SF
Price / SF$394.83
Days on Market271
Property Features for 8947 Complex Dr
General Information
- Standard status
- Active
- Size
- 1,393 SF
- Property subtype
- General Commercial
Listing agency
Masiv Real Estate Inc.
(530) 354-9500
Listed by
Spencer Trapp
Source
Xome
Added: Oct 24, 2025 Updated: Jul 21 at 1:01AM Checked: Jul 21 at 3:02AM
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 Masiv Real Estate Inc.
Investment Insights
Based on property information with market context.
This attractive second-floor office condominium suite is vacant and features good natural light, new floors/buildout, and dual balconies. The space includes an open reception area, four offices, a kitchenette area, and sliding doors. The configuration supports a streamlined owner-user setup.
The suite is offered in a central location with nearby delis, restaurants, and retail, contributing to an active surrounding business environment.
Suitability is highlighted for medical office and similar use cases, including aesthetics, med spa, and chiropractic care, with the layout described as “plug and play.”
The suite is offered in a central location with nearby delis, restaurants, and retail, contributing to an active surrounding business environment.
Suitability is highlighted for medical office and similar use cases, including aesthetics, med spa, and chiropractic care, with the layout described as “plug and play.”
Key Highlights
- Second‑floor office condominium suite Ste A totaling 1,393 SF (vacant).
- New floors/buildout and sliding doors throughout the suite.
- Layout includes open reception area, kitchenette area, and four (4) offices.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.8k | $30.00 |
| − Vacancy | −$5.9k | −$4.26 |
| EGI | $35.9k | $25.74 |
| − OpEx | −$9.0k | −$6.44 |
| NOI | $26.9k | $19.31 |
1,393 SF · lease $30.00/SF/yr · vacancy 14.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$384.2K
$336.2K – $448.2K
NOI $26,892 @ 7.0% cap · market cap 4.89%
Second Best
Healthcare Medical
$350.2K
$306.4K – $408.5K
NOI $24,512 @ 7.0% cap · market cap 4.46%
Theoretical Best
Specialty Retail
$550.2K
$481.4K – $641.9K
NOI $38,514 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Farmers Insurance - Wilson ...
Insurance Agency
Beauty up Medical ...
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Vacant second-floor office suite with new floors, dual balconies, reception, four offices, and kitchenette area.
Where is this office units located?
The property is located at 8947 Complex Dr San Diego, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Second‑floor office condominium suite Ste A totaling 1,393 SF (vacant).; New floors/buildout and sliding doors throughout the suite.; Layout includes open reception area, kitchenette area, and four (4) offices.
