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    Property profile & analytics

    1609 Ord Way Oceanside, CA 92056-3599

    • Manufacturing properties
    • 8,306 SF
    • 0.35 lot acres
    OFF-MARKET
    Last Sale
    Dec 11, 2020
    $1,300,000
    Value Estimations
    $1,475,000
    Show details
    Cap Rate Potential
    5.1%
    Manufacturing properties
    Location Intelligence
    Property ID
    US09-7441602
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Surf Ride Board Shop Corporate Office / (Bike/Boat/Book/etc) Store
    • Sydnee's Pet Grooming / Pet Grooming Service
    • Techne / Art Gallery

    Property Details for 1609 Ord Way

    Year built
    2006
    Lot size
    0.35 lot acres
    Property size
    8,306 SF
    Zone code
    INDUSTRIAL (M ZONE)
    Property type
    Manufacturing properties
    APN
    162-120-88-00
    APU
    1621208800

    Description

    This 8,306-square-foot warehouse, built in 2007, is situated on a 0.35-acre lot in Oceanside, CA's desirable Oceanside Gateway Business Park (APN: 162-120-88-00). The property features a concrete tilt-up construction, boasting a 22-foot ceiling height and one dock-high door. Zoned for light industrial use (IL), this building offers a highly improved office and R&D buildout, making it ideal for a variety of industrial users seeking a blend of creative office space and efficient warehousing. The asking price is $2,616,390, translating to $315 per square foot. The property's location in Oceanside, CA, zip code 92056, provides excellent access to transportation and key business areas within San Diego County. The building's substantial power supply further enhances its appeal to businesses requiring significant energy capacity. This well-maintained property presents a compelling investment opportunity in a thriving industrial market. The net rentable square footage is 8,306 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,675,000
      ML approach
      $1,685,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,420,000
      6.5%
      $1,310,000
      7%
      $1,215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,582,000
      Market price range: $1.22M - $2.19M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,675,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oceanside
    County
    San Diego
    State
    California
    Longitude
    -117.279
    Latitude
    33.2095
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $15,079
    $530,604
    $848,966
    $1,379,570
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,930,000
      79,710 SF

      4079 Oceanside Blvd, Unit 95

      MANUFACTURING (LIGHT) • 79,710 SF
      4079 Oceanside Blvd, Oceanside, CA 92056-5810
      View Details
    • Value Estimation
      $1,040,000
      8,713 SF

      1808 Ord Way

      MANUFACTURING (LIGHT) • 8,713 SF
      1808 Ord Way, Oceanside, CA 92056-1502
      View Details
    • Value Estimation
      $3,370,000
      32,975 SF

      3977 Ocean Rnch Blvd

      MANUFACTURING (LIGHT) • 32,975 SF
      3977 Ocean Rnch Blvd, Oceanside, CA 92056-2670
      View Details
    • Value Estimation
      $1,440,000
      9,999 SF

      4010 Ocean Rnch Blvd

      MANUFACTURING (LIGHT) • 9,999 SF
      4010 Ocean Rnch Blvd, Oceanside, CA 92056-5700
      View Details
    • Value Estimation
      $4,235,000
      35,856 SF

      4039 Avenida De La Plata

      MANUFACTURING (LIGHT) • 35,856 SF
      4039 Avenida De La Plata, Oceanside, CA 92056-5802
      View Details
    • Value Estimation
      $720,000
      4,981 SF

      1959 Avenida Plz Real

      MANUFACTURING (LIGHT) • 4,981 SF
      1959 Avenida Plz Real, Oceanside, CA 92056-6024
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

    • $1.25 SF/Yr
      80,998 SF

      Oceanside Warehouse and Manufacturing Space

      Warehouse and manufacturing space with excellent access and convenient location.
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      View Details
    • $1.25 SF/Yr
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      Oceanside Industrial Space Available

      Industrial property available for lease in Oceanside, California.
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      View Details
    • $1.35 SF/Yr
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      High Image Flex Office Park

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    • $1.35 SF/Yr
      5,364 SF

      Oceanside Industrial Building with Yard

      5,364 SF industrial building with fenced yard and solar.
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    • $1.50 SF/Yr
      2,500 SF

      Oceanside Flex Space Available

      Flex space featuring private offices, conference room, and production area.
      2612 Temple Heights Dr, Oceanside, CA 92056
      View Details
    • Contact for pricing
      70,908 SF

      Oceanside Warehouse with Truck Court

      70,908 SF warehouse with 130' truck court for lease.
      1851 Ord Way, Oceanside, CA 92056
      View Details
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    1609 Ord Way
    Oceanside, CA 92056-3599
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    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
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