Flex Space with Fenced
9908 Prospect Avenue, Santee, CA 92071
For Sale
New
Contact for pricing
Pending
The property combines office and warehouse areas with covered workspace.
Property Size1,200 SF
Days on Market1
Property Features for 9908 Prospect Avenue
General Information
Standard status
Size
Zoning
Amenities
No
2
Free Standing
0.2936
On Site, Street
1200.0
Building Details
Building Size
Stories
Listing Agency:
Wiese & Associates
(619) 300-2656
Listed By:
Jared Wiese · License CA #02161629
(619) 593-3601
Source:
Unitedhometeams
Added: Nov 13
Last Checked: Nov 13 at 2:03AM
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 Wiese & Associates
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.
At 9908 Prospect Avenue in Santee, this flex property includes a 1,200 SF office/workshop area and a 12,000 SF fenced yard. The building area is described as roughly 850 SF of office space and 350 SF of warehouse space, with 1,000 SF of covered workspace also noted. The property is zoned IL.
Key Highlights
- 12,000 SF fenced yard
- 1,200 SF office/workshop area
- Roughly 850 SF of office space and 350 SF of warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,729
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,580
$274.6K
Cap Rate 7%
$196,129
$196.1K
Cap Rate 9%
$152,544
$152.5K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$21.6K $18.00/SF
− Vacancy
−$2.0K −$1.66/SF
EGI
$19.6K $16.34/SF
− OpEx
−$5.9K −$4.90/SF
NOI
$13.7K $11.44/SF
Area
San Diego County, CA
Vacancy
9.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,580
Cap Rate 7%
$196,129
Cap Rate 9%
$152,544
Alternative Uses
Best Use
Flex RnD
$353.4K
$309.2K – $412.3K
NOI $24,735 @ 7.0% cap
Second Best
Warehouse
$238.2K
$208.4K – $277.9K
NOI $16,671 @ 7.0% cap
Theoretical Best
Office A
$549.8K
$481.1K – $641.4K
NOI $38,486 @ 7.0% cap
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
1,429
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92071, CA
60,163
Population
21,732
Households
2.8
Avg Household Size
39
Median Age
33%
College-Educated
93%
High-School Grad
18.8 sq mi
ZIP Area
3,200
Density / Sq Mi
$105,603
Median Household Income
$57,045
Median Earnings
$2,202
Median Rent
$654,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in San Diego County, CA
Properties on Market for Flex space in San Diego County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Health Grub — 1860 Joe Crosson Dr, El Cajon, CA 92020
Frequently Asked Questions
What type of property is this?
Flex space - The property combines office and warehouse areas with covered workspace.
Where is this flex space located?
The property is located at 9908 Prospect Avenue Santee, CA.
What are key features of this property?
This property features: 12,000 SF fenced yard; 1,200 SF office/workshop area; Roughly 850 SF of office space and 350 SF of warehouse space
