Flex Space
For Sale
Contact for pricing
921 Coolidge Avenue, National City, CA 91950
Commercial building designated within the Downtown Specific Plan, Zone 7.
Property Size3,538 SF
Price / SF$391.46
Days on Market52
Property Features for 921 Coolidge Avenue
General Information
Standard status
Active
Size
3,538 SF
Total Parking Spaces
4
Property subtype
Industrial
Zoning
Downtown Specific Plan, Zone 7
Building Details
Building Size
3,538 SF
Listing Agency:
QFC Real Estate
(619) 243-8454
Listed By:
Emmett Cahill · License #02033604
Source:
Crexi
Added: Jul 9
Changed: Aug 29
Last Checked: Aug 29 at 1:29PM
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 QFC Real Estate
Investment Insights
Based on property information with market context.
This flex space property comprises a 3,538-square-foot commercial building at 921 Coolidge Avenue in National City, California. The asset is classified as flex space and is positioned within the Downtown Specific Plan, Zone 7 zoning designation.
Key Highlights
- 3,538‑square‑foot commercial building
- Flex space classification
- Downtown Specific Plan, Zone 7 zoning
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
$72,927
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
5.27%
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%
$1,458,540
$1.5M
Cap Rate 7%
$1,041,814
$1.0M
Cap Rate 9%
$810,300
$810.3K
Market Conditions
NOI Build-Up for 3,538 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
$130.8K $36.96/SF
− Vacancy
−$18.6K −$5.25/SF
EGI
$112.2K $31.71/SF
− OpEx
−$39.3K −$11.10/SF
NOI
$72.9K $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%
$1,458,540
Cap Rate 7%
$1,041,814
Cap Rate 9%
$810,300
Alternative Uses
Best Use
Flex RnD
$1.04M
$911.6K – $1.22M
NOI $72,927 @ 7.0% cap · market cap 5.27%
Second Best
Warehouse
$702.2K
$614.4K – $819.2K
NOI $49,151 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,470 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91950, CA
57,849
Population
19,049
Households
3
Avg Household Size
36
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
7,925
Density / Sq Mi
$63,858
Median Household Income
$34,013
Median Earnings
$1,600
Median Rent
$580,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Similar Off Market Nearby
- BBQ Junkies — 641 E 19th St, National City, CA 91950
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building designated within the Downtown Specific Plan, Zone 7.
Where is this flex space located?
The property is located at 921 Coolidge Avenue National City, CA.
What is the asking price?
The asking price for this property is $1,385,000.
What are key features of this property?
This property features: 3,538‑square‑foot commercial building; Flex space classification; Downtown Specific Plan, Zone 7 zoning
