Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    340 Rancheros Dr San Marcos, CA 92069
    Back to Search
    Property profile & analytics

    340 Rancheros Dr, San Marcos, CA 92069

    View on Map
    • Industrial properties
    • 9,092 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • McCaslin Automatic Gate Repair / General Contractor / Construction Company
    • Elaine A. Heffernan, LCSW / Foster Care Service / Social Service Agency
    • Maira Ramos-Ojeda: Primerica - Financial Services / Financial Advisor
    • Marketing agency / Loan Service / Financial Advisor
    • Top Line Roofing - San Marcos Office / Roofing Company / General Contractor

    Property Details for 340 Rancheros Dr

    Property type
    Industrial properties
    Property subtype
    Flex space

    Description

    This exceptional 9,092-square-foot flex space in San Marcos, California, presents a compelling investment opportunity. Located at 340 Rancheros Dr, 92069, this property boasts a desirable blend of office and warehouse space, ideal for a variety of businesses. The building features a well-proportioned layout with 43% dedicated to office space and 57% to warehouse space. Built in 1989, the exterior underwent renovations in 1999, while the interior received a complete update in 2022. The property is zoned CM and offers convenient access with two 12' x 12' grade-level loading doors. The warehouse area benefits from a generous 19.5' clear height to the beam and a 21' clear height to the ceiling, providing ample vertical space. Power is supplied by a robust 200-amp service. Parking is readily available, with a 2/1,000 square foot ratio. The asking price is $2,409,380, translating to $265 per square foot. This property represents a rare opportunity to acquire a well-maintained, versatile flex space in a prime San Diego County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    San Marcos
    County
    San Diego
    State
    California
    Longitude
    -117.156
    Latitude
    33.1401

    Comparable in this City

    • Value Estimation by Request
      151,434 SF

      800 Vallecitos De Oro

      Distribution properties
      800 Vallecitos De Oro, San Marcos, CA 92069
      View Details
    • Value Estimation by Request
      1.21 Acres

      810 Rancheros Dr

      LIGHT INDUSTRIAL
      810 Rancheros Dr, San Marcos, CA 92069-3009
      View Details
    • Value Estimation
      $1,290,000
      8,400 SF

      680 Rancheros Dr

      LIGHT INDUSTRIAL
      680 Rancheros Dr, San Marcos, CA 92069-3085
      View Details
    • Value Estimation
      $3,240,000
      21,100 SF

      811 Rancheros Dr

      LIGHT INDUSTRIAL
      811 Rancheros Dr, San Marcos, CA 92069-3008
      View Details
    • Value Estimation
      $740,000
      4,194 SF

      340 Rancheros Dr Ste, Unit 188

      CONDOMINIUMS (INDUSTRIAL)
      340 Rancheros Dr Ste, San Marcos, CA 92069-2980
      View Details
    • Value Estimation by Request
      1,200 SF

      120 Pacific St Ste L7

      CONDOMINIUMS (INDUSTRIAL)
      120 Pacific St Ste L7, San Marcos, CA 92069-1269
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,373 SF

      San Marcos Industrial and Office Project

      Fully leased industrial and office project in San Marcos, California.
      737 Windy Point Dr, San Marcos, CA 92069
      View Details
    • Contact for pricing

      Highway Frontage Light Industrial Condo

      1,600 SF light industrial condo with highway visibility.
      C1-120 N Pacific St, San Marcos, CA 92069
      View Details
    • Contact for pricing
      44,052 SF

      Industrial Warehouse with Freeway Access

      Industrial warehouse in San Marcos with convenient freeway access.
      1152 Armorlite Dr, San Marcos, CA 92069
      View Details
    • Contact for pricing
      14,976 SF

      San Marcos Freestanding Industrial Building

      Freestanding industrial building in San Marcos Business Park.
      1377 Armorlite Dr, San Marcos, CA 92069
      View Details
    • Contact for pricing
      7,683 SF

      San Marcos Industrial Property Available

      Industrial property in San Marcos, part of the Innovate78 Corridor.
      870 Rancheros Dr, San Marcos, CA 92069
      View Details
    • Contact for pricing
      17,280 SF

      Freestanding Industrial Building in San Marcos

      San Marcos industrial building with occupancy available January 1, 2026.
      1370 Armorlite Dr, San Marcos, CA 92069
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,108 SF

      Flex R&D Space Available

      Flex R&D space available for lease in San Marcos.
      2890-2892 S Santa Fe Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      94,172 SF

      San Marcos Warehouse with Creative Office

      94,172 SF warehouse with creative office space for lease.
      2946 Norman Strasse Rd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      1,756 SF

      Renovated Flex Space Available

      Mix of office, showroom, and industrial spaces for lease.
      960 Rancheros Dr, San Marcos, CA 92069
      View Details
    • Contact for pricing
      3,108 SF

      San Marcos Flex / R&D Space

      Flex / R&D space available for lease in San Marcos.
      2892 S Santa Fe Ave, San Marcos, CA 92069
      View Details
    • $1.70 SF/Yr
      3,462 SF

      San Marcos Industrial Space Available

      1,260 SF industrial space with excellent highway access and visibility.
      1232 Los Vallecitos Blvd, San Marcos, CA 92069
      View Details
    • Contact for pricing
      639 SF

      San Marcos Flex/Industrial Space

      Flex/Industrial space available for lease in San Marcos, CA.
      810 Los Vallecitos Blvd, San Marcos, CA 92069
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    340 Rancheros Dr
    San Marcos, CA 92069
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    340 Rancheros Dr, San Marcos, CA, 92069
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!