Technical
Financial
Distress signals
Property profile

10149 Channel Rd Lakeside, CA 92040

FOR SALE
Manufacturing properties
Property ID
US09-6840950
14,472 SF 1 ac lot Built 1978
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 17,117-square-foot industrial flex warehouse building in Lakeside, California, presents a rare owner-user opportunity. Located on approximately one acre of land at 10149 Channel Road (APN 394-011-13-00), this single-story structure boasts a 16-foot ceiling height and ample parking for 25 vehicles. Built in 1978 and extensively renovated in 2023, the property features a new parking lot, a new torch-down roof (with partial plywood replacement), updated landscaping, fresh exterior paint, and new signage. The property is zoned S-88 and offers significant in-place income, minimizing occupancy costs for a new owner-user. This translates to a low cost per square foot, making it an attractive investment. The building's prime location offers excellent freeway access via the 67 freeway, providing easy connections to major San Diego freeways (52, 125, and 8) and key areas like Downtown San Diego, the seaport, and naval yards. Furthermore, the property benefits from its proximity to a wealth of retail amenities, including major national retailers within a two-mile radius, and is less than five miles from Mission Gorge Square, a large shopping mall in Santee. East County's exceptionally low vacancy rate (under 1%) further underscores the property's strong investment potential and anticipated appreciation. This owner-user opportunity combines immediate income generation with long-term investment growth in a thriving San Diego market.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1978
Total area 14,472 SF
Lot 1 ac (43,560 SF)
Zoning code INDUSTRIAL (M ZONE)
APN 394-011-13-00
UPID US09-6840950

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor
  • Kitchen & Bath Showroom Interior Design
  • Auto Repair Shop
  • Electrical Service General Contractor
  • Hardware & Home Improvement Interior Design

Location

10149 Channel Rd Lakeside, CA 92040
Lakeside metro Census 16901 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.17M
CAP Approach CAP
$2.55M
Comparable Approach Comparable
$2.17M
Blend (final) Blend
$3.06M

Owner & transaction history

since 2022
Last sale
$3.3M
7 recorded transactions
2022
$3.3M
2019
Price N/A
2005
Price N/A
2002
$1.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

INDUSTRIAL (M ZONE) · Lakeside, CA
Top alternative use upside
Office building $5.2M +32.3%
Retail stores $4.8M +21.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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