Flex Facility with Laboratory
9292 Chesapeake Drive, San Diego, CA 92123
For Sale
New
Contact for pricing
A single site combines administrative, research, and garage functions in one building.
Property Size6,500 SF
Lot Size0.50 Acres
Price / SF$500
Days on Market6
Property Features for 9292 Chesapeake Drive
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Additional Details
Warehouse Space
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Avison Young - Downtown Los Angeles
Listed By:
Sam Hanna · License #CA 01242719
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 5:59PM
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 Avison Young - Downtown Los Angeles
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.
This freestanding flex property contains approximately 6,500 square feet on an approximately 0.50-acre (21,780 SF) parcel. The building combines office improvements with laboratory and research space, which makes up about one-third of the interior. An attached garage and warehouse area measures approximately 1,143 square feet, and the site includes 23 parking spaces.
The property is on Chesapeake Drive in San Diego’s Kearny Mesa submarket. Its office, lab, and garage components provide distinct functional areas within a single facility, with the site and building measurements offering a clear picture of the property’s scale.
The property is on Chesapeake Drive in San Diego’s Kearny Mesa submarket. Its office, lab, and garage components provide distinct functional areas within a single facility, with the site and building measurements offering a clear picture of the property’s scale.
Key Highlights
- Approximately 6,500‑square‑foot building on an approximately 0.50‑acre (21,780 SF) parcel
- Laboratory and R&D area represents approximately one‑third of the interior
- Attached garage/warehouse area of approximately 1,143 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,483
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,509,660
$2.5M
Cap Rate 7%
$1,792,614
$1.8M
Cap Rate 9%
$1,394,256
$1.4M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$195.0K $30.00/SF
− Vacancy
−$27.7K −$4.26/SF
EGI
$167.3K $25.74/SF
− OpEx
−$41.8K −$6.44/SF
NOI
$125.5K $19.31/SF
Area
San Diego, CA
Vacancy
14.20%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,509,660
Cap Rate 7%
$1,792,614
Cap Rate 9%
$1,394,256
Alternative Uses
Best Use
Office B
$1.79M
$1.57M – $2.09M
NOI $125,483 @ 7.0% cap · market cap 3.86%
Second Best
Flex RnD
$1.35M
$1.18M – $1.57M
NOI $94,302 @ 7.0% cap · market cap 2.90%
Theoretical Best
Specialty Retail
$2.57M
$2.25M – $3.00M
NOI $179,712 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92123, CA
30,937
Population
13,108
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
93%
High-School Grad
8.6 sq mi
ZIP Area
3,597
Density / Sq Mi
$121,856
Median Household Income
$55,111
Median Earnings
$2,798
Median Rent
$799,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in San Diego
Vacancy Rate% for Office in San Diego, CA
Similar Off Market Nearby
- Fork Yeah! Food Truck — 9341 Ruffin Ct, San Diego, CA 92123
- YoYo Bento — 9341 Ruffin Ct, San Diego, CA 92123
- Johnson Catering Cash & Carry — 9341 Ruffin Ct, San Diego, CA 92123
- Firehouse Subs Kearny Mesa — 9187 Clairemont Mesa Blvd #3, San Diego, CA 92123
- Gourmet Island Bistro — 5625 Ruffin Rd # 140, San Diego, CA 92123
Frequently Asked Questions
What type of property is this?
Flex space - A single site combines administrative, research, and garage functions in one building.
Where is this flex space located?
The property is located at 9292 Chesapeake Drive San Diego, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Approximately 6,500‑square‑foot building on an approximately 0.50‑acre (21,780 SF) parcel; Laboratory and R&D area represents approximately one‑third of the interior; Attached garage/warehouse area of approximately 1,143 square feet
