Miramar Office Condo For
9888 Carroll Centre Road San Diego, CA 92126
9888 Carroll Centre Road, San Diego, CA, 92126
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For Sale
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Office condo in Miramar, divisible to two suites.
Property Size1,679 SF
Price / SF$309
Days on Market660
Property Features for 9888 Carroll Centre Road
General Information
- Standard status
- Active
- Size
- 1,679 SF
- Property subtype
- Office
Listing agency
Pacific Coast Commercial
Listed by
Bo Gibbons · License #CA 01367936
Source
Crexi
Added: Sep 30, 2024 Updated: Jul 10 at 11:16AM Checked: Jul 21 at 3:58AM
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 Pacific Coast Commercial
Investment Insights
Based on property information with market context.
This office condo, located in Miramar, offers approximately 1,679 square feet of space and is divisible into two suites. The window-lined offices provide natural lighting. The suite can be connected to water. The property includes one reserved parking space and a new private security system with 24-hour access. Common area restrooms are available on both floors, and the building is elevator served. The property is zoned IL-2-1 (City of San Diego), which allows for professional, medical, and dental uses. Currently, the suite is divided for two tenants, offering the option to lease the second suite for extra income. HOA fees are $711 per month. The property features a beautiful atrium with a campus-like setting and courtyard. Renovated in 2015, the building was originally built in 1985. Monument signage is available. It offers easy freeway access to I-15 via Carroll Canyon and Miramar Road. Ample parking is available, with 4 spaces per 1,000 square feet, totaling 185 spaces. The property is located in close proximity to an abundance of restaurants on Mira Mesa Boulevard.
Key Highlights
- ± 1,679 SF Office Condo in Miramar with window‑lined offices providing natural lighting.
- Divisible to Two Suites: Option to lease the second suite for extra income.
- Zoned IL‑2‑1 (City of San Diego): Professional, Medical & Dental Uses Allowed.
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 | $54.4k | $32.40 |
| − Vacancy | −$7.3k | −$4.37 |
| EGI | $47.1k | $28.03 |
| − OpEx | −$11.8k | −$7.01 |
| NOI | $35.3k | $21.02 |
1,679 SF · lease $32.40/SF/yr · vacancy 13.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$504.2K
$441.2K – $588.2K
NOI $35,292 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$601.7K
$526.5K – $702.0K
NOI $42,117 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Scripps Mesa Endodontics, ...
Dental Office
Meijun
Tech Support Center
Dr. Tracy Wutzke
Physician
Bagula, Riviere, Coates ...
Law Firm
ShagLonger
Physician
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FAQs
What type of property is this?
Office units - Office condo in Miramar, divisible to two suites.
Where is this office units located?
The property is located at 9888 Carroll Centre Road San Diego, CA.
What is the asking price?
The asking price for this property is $518,811.
What are key features of this property?
This property features: ± 1,679 SF Office Condo in Miramar with window‑lined offices providing natural lighting.; Divisible to Two Suites: Option to lease the second suite for extra income.; Zoned IL‑2‑1 (City of San Diego): Professional, Medical & Dental Uses Allowed.
