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San Diego Flex Space Opportunity
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9155 Brown Deer Rd, San Diego, CA

Flex space available in San Diego's life science research hub.

Property Size4,260 SF
Lot Size3.20 Acres
Price / SF$504.69
Days on Market615

Property Features for 9155 Brown Deer Rd

General Information

Standard status Active
Size 4,260 SF
Lot size 3.20 Acres
Property subtype FLEX_R_AND_D
Listing Agency: Lee & Associates | San Diego
Listed By: Paul Britvar · License #01949354
Source: Moodyscre
Added: Nov 22, 2024 Changed: Jul 10 Last Checked: Jul 21 at 4:36AM

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 Lee & Associates | San Diego

Investment Insights

Based on property information with market context.

This 4,260 square foot flex space is located on Brown Deer Road in San Diego, California. The property presents an R&D opportunity within the life science and research hub of central San Diego. It is suitable for industrial purposes.

Key Highlights

  • R&D Opportunity
  • Life Science/Research Hub Location
  • Central San Diego Location

Financial Insights For Flex RnD

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 $102.2k $24.00
− Vacancy −$7.2k −$1.68
EGI $95.1k $22.32
− OpEx −$33.3k −$7.81
NOI $61.8k $14.51
4,260 SF · lease $24.00/SF/yr · vacancy 7.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$882.9K
$772.6K – $1.03M (±1% cap)
NOI $61,804 @ 7.0% cap · market cap 2.87%
Second Best
Industrial
$719.7K
$629.8K – $839.7K (±1% cap)
NOI $50,380 @ 7.0% cap · market cap 2.34%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M (±1% cap)
NOI $117,780 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

DanseMedica Coworking & Hybrid Office TRL Systems Security Service Redland Clay Tile General Contractor San Diego Instruments Scientific Equipment Supplier Gordon Rush Corporate Office

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Butcher Florist Locksmith Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

851
Businesses Nearby
Well-served
Demand for This Use

Market

Vacancy Rate% for Industrial in San Diego, CA

5.1% 2019
5% 2020
2.5% 2021
2.4% 2022
4.4% 2023
6.5% 2024
7.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Flex space - Flex space available in San Diego's life science research hub.
Where is this flex space located?
The property is located at 9155 Brown Deer Rd San Diego, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: R&D Opportunity; Life Science/Research Hub Location; Central San Diego Location
(858) 230-1166 Call to check price and availability
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